EB-5 Program Seeks to Attract Investors, Expand Residency Options

The EB-5 Immigrant Investor Program has played a significant role in transforming former military bases, such as McClellan Park near Sacramento and Norton Air Force Base, into thriving economic centers that create thousands of new jobs. Established in 1990, EB-5 incentivizes foreign investment in the United States by offering green cards to investors who meet capital and job creation requirements, contributing billions in foreign direct investment and millions of jobs at no cost to American taxpayers. The program is credited with helping reduce the federal deficit while revitalizing communities that suffered major job losses. Notable successes include the development of McClellan Park and the conversion of Norton Air Force Base into a major Amazon air hub. Despite some skepticism, government investigations have found very low rates of fraud or national security threats within the program. Supporters urge bipartisan efforts to expand EB-5 as a proven means of attracting investment and stimulating job growth.