Impact of policy proposal to reform Targeted Employment Areas ; New Market Tax Credit Criteria
Source : Investment In The USA Website
Regional Center program at both a national and state-bystate level .
Our community ’ s success in building a multi-billion-dollar capital market that supports hundreds of thousands of U . S . jobs annually has been possible by working closely with professionals around the world to educate stakeholders and the public on how EB-5 has become one of the most potent economic development tools of the 21st century by delivering job-creating investment capital that create American jobs in industries such as healthcare , energy , infrastructure , education , housing , science and technology , real estate and much more .
During a time of heated rhetoric around immigration in the U . S ., there remain general principles that both major political parties continue to coalesce around : increased investment in the United States and more U . S . jobs without any cost to the taxpayer .
How TEAs are reformed will shape the future success of EB-5 program and its ability to continue to deliver on its purpose to create jobs and investments in all corners of our nation . IIUSA remains committed to providing the EB‐5 industry , congressional offices , and the public at large with the policy analytical tools needed to understand the practical implications of any policy proposal . We strongly believe that IIUSA ' s interactive online tools and comprehensive reports can help diverse interests agree to a deal before Sept . 30 .
We believe in EB-5 as a tool for community and economic development globally . EB-5 is a perfect example of U . S . policy and is why it has such broad support with the U . S . at the federal , state and local level . This would not be possible without the investment by immigrant investors who understand that opportunities afforded to them and their families when investing through the EB-5 program . Let ’ s be successful together by educating each other and creating the global community we want through economic bridgebuilding and comprehensive analyses that have the power to ground policy debates in real terms .
Peter D . Joseph
Peter D . Joseph has been the executive director of Invest In the USA ( IIUSA ) since 2010 , where he leads the trade association for the EB-5 Regional Center Program . Joseph has been involved in the EB-5 program since 2007 , first through his work at an EB-5 law firm , and later as an independent consultant to regional centers and service providers . He received his M . S . from DePaul University ’ s School of Public Service and his B . S . from Ithaca College .
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