Congress created the Immigrant Investor Program, more commonly known as EB-5, in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors. At the time, the program granted U.S. permanent resident status only to immigrant investors who directly invested in and managed job-creating commercial enterprises. With the enactment of the regional center pilot program in 1992, foreign investors can also invest through EB-5 regional centers, which allow investors to create jobs both directly in the business they start, and also indirectly through the economic effect of their investments.
Based on current regulations, the EB-5 category requires at-risk investment of $1 million or $500,000 in a targeted employment area (high unemployment) or rural area, with no guaranteed return of the investment funds. The money must be utilized in a project that will create at least 10 full-time jobs for U.S. workers for every investor in the project.
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