The EB-5 program contributed $3.39 Billion to U.S. GDP and supported over 42,000 jobs during the fiscal year of 2012.
A new economic study commissioned by the Association to Invest in the USA (IIUSA) has found that in 2012, the EB-5 immigrant investor program supported over 42,000 jobs, and contributed $3.39 Billion to U.S. GDP. This shows more than a 2-fold increase from the economic impact of the Eb-5 program the previous year.
The Eb-5 immigrant investor program was created by congress in 1990 to stimulate the American Economy by attracting investment from qualified foreign investors. Each Eb-5 investor is required to demonstrate that at least 10 new jobs were created as a result of their investment.
The Industry trade association for the Eb-5 program, IIUSA’s latest report uses a comprehensive data set on EB-5 Investor applications and Eb-5 regional center investments along with well established economic modelling tools to determine the overall impacts on both job creation and GDP.
The key findings of this latest report included:
- The total economic impact combining the benefit of the Eb-5 Investments and spending of foreign investors was a $3.39 Billion increase to U.S. GDP and creation of 42,000 jobs.
- The largest component of the EB-5 spending was the foreign investments, with approximately $1.8 Billion invested through Eb-5 Regional centers. These investments supported 33,134 American jobs.
- Over 85% of Eb-5 investments were in the Construction sector.
- New York and California top the list of states with the highest level of Eb-5 investment
To learn more about the EB-5 program please get in contact with Residency Invest.