West Coast, best coast. That’s certainly the attitude among EB-5 investors, the majority of whom choose to live in California, according to a recent report from the Department of Commerce. Over 8,000 EB-5 investors and their family members resided in California from 2009 to 2014 — more than half of all EB-5 investors in the U.S.
The second-biggest EB-5 hotspot trailed far behind. New York had roughly 1,500 EB-5 residents during the same period. California also surpassed New York and all other states when it came to total EB-5 investment. The Golden State saw nearly $1.5 billion flow through its regional centers into 38 projects between 2012 and 2013, while New York saw $1.2 billion in 17 projects, the report found.
Although experts say these numbers may have waned in recent years, they underscore California’s enduring popularity among foreign investors, in terms of both commercial potential and quality of living.