Foreign cash for U.S. jobs

July 29, 2009

Interesting visa program I didn’t know existed:

A bipartisan group of senators is pushing to save the EB-5 visa program, scheduled to expire at the end of September. The program grants temporary visas to foreigners who invest at least $500,000 in distressed areas. If an investment creates at least 10 jobs for American workers, the temporary visa can become a permanent green card. Last year, 945 EB-5 immigrants invested more than $400 million in U.S. ventures.

Some examples

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2 Responses to “Foreign cash for U.S. jobs”

  1. slamdunk Says:

    I was not aware of this program–certainly an interesting read.


  2. Lots more information on the EB-5 visa program available. Some economic and political thoughts too.


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