Report: Immigration agency should seek Commerce's help for investment-for-green-cards program

Print
Email
|

Associated Press

Posted on February 5, 2014 at 12:02 AM

Updated Wednesday, Feb 5 at 1:02 AM

SIOUX FALLS, S.D. (AP) — A new report from a Washington think tank suggests that the U.S. Citizenship and Immigration Services should get help from the Department of Commerce to oversee projects funded by the federal EB-5 investment-for-green-cards immigration program.

Brookings Institution senior fellow Audrey Singer says transferring functions that have to do with vetting business plans and determining whether a project created enough jobs could make the EB-5 program more efficient.

The EB-5 visa program was launched in 1990 to attract foreign investment and create jobs. An investor's primary goal is usually to obtain visas for themselves and their families.

The program has faced some criticism because it's been used to fund several failed projects, including the idled Northern Beef Packers plant in South Dakota and a planned hotel and conference center in Chicago.

Print
Email
|