How has COVID changed the global migration landscape?

Frequently Asked Questions on the EB-5 Regional Center Program in December 2021

The EB-5 Regional Center program continues to lapse as the U.S. Congress sifts through legislative priorities like the President Biden’s “Build Better Back” bill, the defense budget, the debt ceiling, and others.  It is beyond frustrating for many who have been waiting anxiously since June 30, 2021, for reauthorization. Bernie Wolfsdorf, WR Immigration’s Managing Partner, stated, “If the U.S. government fails to extend the program, after 30 consecutive extensions, this would adversely impact the U.S. as a reliable investment market, and we are likely to see a further steep decline in Foreign Direct Investment (FDI). FDI has recently recorded a 49% drop to an estimated $134 billion. This will ultimately impact the U.S. in many critical areas including job loss. While I am confident Congress will extend, or at least grandfathering existing immigrant investors who have followed the rules, it is difficult to understand the logic where Congress allocates 55,000 green cards in a random giveaway lottery, but immigrant investors who have put billions into the U.S. economy, and have created tens of thousands of jobs, are forgotten. Many investors have diligently saved every dollar to invest in the EB-5 program to give their children the opportunity to study and […]