Rep. Correa Urges USCIS to Examine EB-5 Immigrant Investor Programs to Ensure Projects are Creating Jobs and Meeting Requirements
Washington, D.C. — Today, Congressman Lou Correa (D-CA) sent a letter to the U.S. Citizenship and Immigration Services (USCIS) urging the EB-5 Immigrant Investor Program to be examined and requested information regarding the Relevant Group and Affiliates’ usage of the EB-5 program and not meeting job creation requirements. The USCIS program must enforce rules to ensure investors comply with regulations.
Rep. Lou Correa said, "The EB-5 Immigrant Investor Program is a great opportunity for job creation across our country. As we continue to recover from the Covid-19 pandemic, economic investments and job creations are needed. That is why major investors should not have the opportunity to take advantage of the program and should be held accountable when they are not meeting the job creation and economic development requirements they agreed to.”
“Relevant Group received millions from wealthy investors through the EB-5 program while hotel workers struggle to navigate our broken immigration system,” said UNITE HERE Local 11 Co-President Kurt Petersen. “We need to ensure developers like Relevant are creating jobs as promised, and we need comprehensive immigration reform now more than ever.”
Background: Congress created the EB-5 Immigrant Investor Program in 1990 to boost the economy of the United States by attracting foreign investments and to expand job creations across the country.
The Immigrant Investor Program established EB-5 visas to applicants who invest in commercial companies connected with regional centers that have been authorized by USCIS and have established plans that would facilitate economic developments.
full letter here.
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