A recent segment on Vermont public radio reminds us how valuable the EB-5 program is amid an economic recession. According to Bill Stenger, president of Jay Peak Resort, had this to say:

“In today’s economy what is strangling the small business community in Vermont and nationally is the lack of access to capital. Affordable capital is almost nonexistent in this marketplace. However, through the EB-5 Regional Center Pilot Program at Jay Peak we are well on our way to raising 100 million of equity capital…. This country needs all the equity investment it can get right now. The EB-5 program is a wonderful example of an economic stimulus that is tax-free, not a burden to anyone, and has nothing but good benefits for all involved.”

I couldn’t agree more. The EB-5 program represents a win-win situation for all involved. Immigrant investors are given the opportunity to live, work and go to school in the United States, and the American economy greatly benefits from their investment. At a time when measures of incredible scope have been undertaken to stimulate the economy, making the EB-5 program permanent should being easy decision for Congress to make. And it should be done as soon as possible. Fortunately, it looks as though immigrant investors and American businesses may soon get their wish.

Tags: EB-5, investment, pilot program, regional center

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