President Joe Biden signed the bipartisan infrastructure bill into law on November 15th, 2021, which allocates $1 trillion toward the nations roads and bridges, utilities, water systems, electrical systems, as well as fund various social programs and education. This is immensely beneficially investment in the future of Americans as more jobs are being created, however how this will all be paid for is in question.
How will we pay for these programs and public projects?
The EB-5 investor program is an inventive source of collected funds as a government program that has successfully created functional jobs that is already running. By investing $500,000 to $1 million, immigrants are able to secure their residency within the United States and create at least 10 full-time positions. This is an investment program that has proven time and time again to be incredibly effective for both the investor and the nation's economy itself.
How could this benefit the infrastructure law?
There have been suggestions that the EB-5 program could be slightly modified in terms of constructing a private or public partnership in which the investor is able to secure U.S. residency by investing at least $1.5 million. Within this investment, $500,000 is allocated toward the United States Treasury. In this new and improved EB-5 program, public projects and programs will be able to efficiently be paid for and create more jobs throughout the nation overall. Although this has not become the reality of the EB-5 program as there is no relation to the infrastructure bill, this suggestion displays just how efficient it would be to use the success of EB-5 to construct a program within a partnership that would benefit both the nation and the investor.
Using these allocated funds toward the new infrastructure bill would not only help fund various programs and public projects, but also make substantial improvements in technology. An improvement in our technology today would protect investments and companies along with avoid any kind of abuse or fraud that can potentially occur. The funds would create for long-term benefits for the nation in a quick and systemic manner if created coherently.
Seek legal advice from an our office- we strive to guide you with your specific case and decision regarding whether or not you qualify for TEA within the EB-5 employment visa.
Attorney Ramona Kennedy cares about your case and will fight for you.
You can contact attorney Ramona Kennedy Law Offices (Kennedy Law LC) for an initial consultation and case evaluation. The first consultation is free of charge.
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