EB-5 and Local Economic Development

Registration information: https://peda.wildapricot.org/event-2108514

The U.S. Economy today faces unrelenting challenges with local demands and international competitive pressures. While the recession may be behind us, access to capital remains a crucial need for local economic development projects. The EB-5 Immigrant investor program can help fill a variety of capital funding gaps and as such has become a source of funding for real estate development and infrastructure projects. The EB-5 program helps stimulate the economy through job creation and capital investment by foreign investors. It establishes a path to permanent residency for up to 10,000 immigrants (plus their immediate family members) annually who invest a minimum of $500,000 in an existing or new business in the United States and create or preserve at least ten jobs. EB-5 program has generated nearly $15 billion in foreign direct investment, creating thousands of jobs and long lasting infrastructure for communities at no cost to the taxpayer.

On May 11th 2016, join Econsult Solutions Director Daniel Miles as he explains the drivers of this unique financing opportunity. He will analyze the economics behind successful EB-5 applications, how to use EB-5 in conjunction with other funds and why it is critical to find the right investment partner. Dr. Miles will also discuss how the program has been used since it started and the criticisms it has received. His presentation will be illustrated with local success stories and insights on the impact of the program in Pennsylvania.