The U.S. awards EB-5 investors Legal Permanent Resident (LPR) status. EB-5 visas, also known as investor based visas, require that an investor from another country dedicate $1,000,000 to invest in a business in the United States. The investor may choose to invest in a rural areas with high unemployment known as a Target Employment Area(TEA). Investing in a Targed Employment Area reduces the minimum investment quota from $1,000,000 to $500,000. As opposed to H1 and H2 visas which import raw labor and talent, EB-5 visa investments created 800,000 new jobs from 2012 to 2016. Many EB-5 investments fund infrastructure projects in the United States. EB-5 investments funded the expansion of a Baltimore Maritime Terminal and re station in Washington DC. The EB-5 program supplies investment in infrastructure.
Currently, the United States caps EB-5 visas at 10,000 investors per year. A large backlog in EB-5 visa applications prevents investors from certain countries from coming to the United States. Most EB-5 investors come from China and India. A Chinese EB-5 investor would have to wait 70 years before the USCIS processes his application. The $1 million minimum investment quota dissuades potential investors who do not want to invest that much. Even in Targeted Employment Areas, the $500,000 quota discourages many investors.Chinese investors have dominated the economies of Indonesia, the Phillipines, Thailand, and most of Southeast Asia. Chinese ownership of US property necessarily displaces Americans. Could the EB-5 program lift real estate prices out of the reach of middle class Americans? EB-5 investment visas could attract Chinese billionaires to the United States. Major Chinese tech firms are expanding into Malaysia and Singapore. Could the United States become China’s newest economic colony? If Chinese were to come to the United States, could they put small businesses out of work?
Arguably, giving someone a visa costs taxpayers nothing. When a business investor comes into the United States on an EB-5 visa, he hires American workers.9 The program’s record proves it builds American infrastructure.
To entice more investors, the United States should remove its cap on EB-5 investor visas. Removing the cap would admit investors who can create jobs. Lowering the minimum investment quota would attract more investors with business ventures smaller than $500,000. The benefits of the EB-5 visa program outweigh the concerns of those who feel threatened. By creating jobs, the EB-5 program strengthens the US economy more than it threatens middle class Americans.
Anusree Nair, 9-12-2016, “What You Need to Know About Residency Requirements,” EB5 Investors, https://www.eb5investors.com/magazine/article/what-you-need-to-know-about-residency-requirements
 Congress In, 3-23-2018, “About the EB-5 Visa Classification,” USCIS, https://www.uscis.gov/working-united-states/permanent-workers/employment-based-immigration-fth-preference-eb-5/about-eb-5-visa-classication
 Michael Halloran, founder and chief executive officer of NES Financial,”How our nation’s immigrants can fund American infrastructure,” http://thehill.com/blogs/pundits-blog/economy-budget/329953-how-our-nations-immigrants-can-help-fund-infrastructure
 Lucid Professional Writing, 7-17-2018, “EB-5 Statistics,” No Publication, https://blog.lucidtext.com/category/eb-5-statistics/
 Beth Mattson-Teig, Uncertainty is taking a toll on the EB-5 program, National Real Estate Investor, Freelance Business Writer with a specialty in commercial and real estate investment, http://www.nreionline.com/nance-investment/uncertainty-taking-toll-eb-5-program
 John Reed, 4-30-2018, “Who dominates the economies of south-east Asia?,” Financial Times https://www.ft.com/content/898fa38e-4882-11e8-8ee8-cae73aab7ccb
 Will Parker and David Jeans, 7-1-2018, “Is EB-5 coming apartat the seams?,” Real Deal New York, https://therealdeal.com/issues articles/is-eb-5-coming-apart-at-the-seams/
 Stratford’s Senior, 3-20-2018, “China’s Tech Giants Are Racing the West Into Southeast Asia,” Stratford, https://worldview.stratfor.com/article/chinas-tech-giants-are-racing-west-southeast-asia-asean-ecommerce-smartphone-
 Michael Halloran, 5-11-2017, “EB-5 visas attract foreign investment and create US jobs; the program needs reform, not the chopping block,” Quartz, https://qz.com/981924/kushner-companies-china-the-eb-5-visa-program-is-a-us-job-creator-that-needs-some-reform-so-why-is-it-on-the-chopping-block/