An exemplary government program that brings foreign direct investment to the United States and creates tens of thousands of jobs every year is being thwarted by government inaction.
The EB-5 (Employment-Based Fifth Preference) program is a congressionally created program to enable foreign nationals to obtain U.S. permanent resident status through investments of $500,000 or $1 million in job-creating enterprises that will create at least 10 jobs for every foreign investor. This can be done in one of two ways. When the program was created in 1990, the investor had to make an equity investment in his or her own business or another business and prove that his or her investment added (or in the case of a failing business, saved) at least 10 direct, full-time jobs for U.S. workers. This is called direct EB-5.
