[Source: Suzanne, www.lucidtext.com]
To close a week of complaining about what’s wrong with the EB-5 program, I’d like to conclude with pointing out that the EB-5 program has been functioning, despite the challenges. Even in 2012, when many of the processing problems that we complain about came to a head, USCIS still approved 3,677 new EB-5 immigrant petitions and verified successful job creation and granted permanent residence to 736 investors. (See my FY2012 stats post for detail.) Those numbers represent half a million to a million dollars per investor going into US businesses and 10+ verified jobs created per investor. Those numbers are not small, despite all the problems. You’ll recall that the US Department of State issued a record total of 7,641 EB-5 visas to investors and their families in FY2012, prompting fears that EB-5 visa usage might approach its limit for the first time ever...
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