Roy Carrasquillo, a member of Cozen O'Connor's Corporate practice group, and Scott Bettridge, a member of Cozen O'Connor's Immigration practice, discusses EB-5 reform in Law360. Recent developments in the EB-5 immigrant investor program may impact immigrant investors, regional centers and key stakeholders involved with both existing transactions and future prospective deals alike. The EB-5 program was created by Congress to stimulate the national economy by creating jobs for Americans via investment by foreign citizens. According to Invest in the USA (IIUSA), the EB-5 trade association, since 2008 the EB-5 program has contributed over $13 billion to the U.S. economy and has created thousands of jobs for Americans in the process.
To read the article, click here.