The popular EB-5 visa program which offers foreign investors a U.S. green card in exchange for an investment in the U.S. economy, was set to expire last week.
Although the expiration date was pushed back to December 11, Congress still must act on a long-term re-authorization of this critical program.
EB-5 helps create tens of thousands of jobs each year by channeling foreign investment into local economies.
By making an investment in an American business of $500,000 to $1 million that creates at least 10 full-time jobs for American workers, foreign investors are eligible for one of the 10,000 visas set aside annually for participants in the EB-5 program.
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