Kurzban Kurzban Weinger Tetzeli & Pratt P.A.
Nationwide Firm
786-401-4706
Injury, Immigration and Business Attorneys
Aggressive Advocacy and Exceptional Civil Litigation Success

Will EB-5 employment immigration program become permanent?

In 1993, U.S. employment immigration law began a pilot program that allows foreign investors to help finance U.S. development projects that create jobs. Many developers see the program as an important financing tool that can be a cheaper and easier alternative to private banks as a method of financing development projects.

The EB-5 visa program has always had a sunset date attached since it was first rolled out 18 years ago. Congress has periodically extended the programs sunset date over the years. In 2009, Congress made the most recent extension of the program, moving the current sunset date to September 30, 2012. Businesses are now seeking to have the sunset provision eliminated in the EB-5 program, making its existence permanent.

The Association to Invest in USA wants to see the program become permanent. Executive director of the association, Peter Joseph, says Senator Patrick Leahy is on board with eliminating the sunset date from the EB-5 program. Joseph says Leahy is expected to introduce a bill in the Senate in the near future.

This blog has previously reported stories of proposed development projects in Florida, including a time-share type marina and a proposed hotel development. Proposals must be approved by the Department of Homeland Security. Foreign nationals must pass a background check during the process. As many as 16 current projects have been approved in Florida.

The EB-5 program allows foreign nationals to obtain a visa for investing in a U.S. project that will create jobs. The investment is generally a $500,000 investment and the project must create at least ten new jobs in a two year period. If the project succeeds in creating ten jobs, the foreign national can apply for a permanent green card under the EB-5 program.

Source: Milwaukee Business Journal, "Businesses push to make EB-5 permanent," Sean Ryan 7 Feb 2011

No Comments

Leave a comment
Comment Information
Kurzban's Immigration Law Sourcebook

We Literally Wrote The Book On Immigration Law

Our firm is a recognized leader in immigration law and litigation. We handle the spectrum from family and employment-based visas to deportation defense and immigration appeals. Founding partner Ira Kurzban authored the Immigration Law Sourcebook, widely used by immigration lawyers, judges and government officials as the authoritative field reference.

Aggressive Advocacy and Exceptional Civil Litigation Successes Call Our Firm at 786-401-4706 or Fill Out the Secure Form Below

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

AV - Martindale-Hubbell | Jed Louis Kurzban  - Peer Review Rated For Highest Level of Professional Excellence The Best Lawyers in America Super Lawyers dbr - Verdicts & Settlements - Kurzban Kurzban Weinger Tetzeli & Pratt P.A. immigrants' list Listed in Best Lawyers - The World's Premier Guide Lead Counsel | LC | Rated

Miami Office
2650 SW 27th Avenue
2nd Floor
Miami, FL 33133

Phone: 786-401-4706
Fax: 305-444-3503
Miami Law Office Map

Jacksonville Office
10752 Deerwood Park Boulevard South
Suite 100
Jacksonville, FL 32256

Map & Directions

Jed Kurzban Of Counsel at Damon Key Leong Kupchak Hastert, A Law Corporation
1003 Bishop Street
Suite 1600
Pauahi Tower
Honolulu, HI 96813
Phone: 808-531-8031
http://www.hawaiilawyer.com

Kurzban Kurzban Weinger Tetzeli & Pratt P.A.