September 23, 2015
WASHINGTON–(BUSINESS WIRE)–Invest in the USA (IIUSA), the national not-for-profit industry trade association for the EB-5 Regional Center Program (the “Program”), today delivered its “EB-5 is Working” letter to Congress signed by more than 875 organizations supporting reauthorization of the EB-5 Immigrant Investor visa program. Unless Congress passes reauthorization legislation, the program will expire on September 30.
“The more than 875 organizations signing on to IIUSA’s letter of support for EB-5 reauthorization highlights the vital role that the EB-5 Regional Center Program plays in economic development across the country. EB-5 investments support job creation in sectors ranging from healthcare to construction to energy production. Reauthorization before September 30 is critical to maintain confidence in the program that is on track to generate $4 billion in investments this year,” said Peter Joseph, executive director of IIUSA.
The 875+ signatories include: National Association of Counties, U.S. Conference of Mayors, Council of Development Finance Agencies, and National Development Council. Also signing the letter are numerous city mayors, economic development agencies, port authorities, chambers of commerce, banking institutions and associations, energy organizations and associations, and more.
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