EB-5 an immigration program that pairs foreign investment with U.S. visas, created by the Immigration Act of 1990, this visa provides a method of obtaining a green card for foreign nationals who invest money in the United States.
To obtain the visa, individuals must invest $1,000,000 (or at least $500,000 in a "Targeted Employment Area”.
President Barack Obama has championed the special immigration program known at EB-5 as an engine of job creation.
Lately, Johannes von Trapp from Vermont State has spent the past year trying to convince foreigners to invest in his ski lodge and brewery in northern New England.
His multiples trips to China came back with positive responses, a group of 5 Chinese investors decided to invest $ 2.5 million.
According to WSJ on March 19th Johannes von Trapp is aiming at $22 million from 44 investors by June.
A new business is growing in China to link Chinese investors to various investment sectors in the US as a result of EB-5.
Despite how Chinese officials look at this new canal of sucking money out of Chinese market, US could benefit from EB-5 as a source money flow.