National Program Contributed $3.58 billion to U.S. GDP and supported over 41,000 U.S. jobs
A just-released economic impact study commissioned by Invest in the USA (IIUSA) finds that the U.S. EB-5 immigrant investor visa program contributed $3.58 billion to U.S. GDP and supported over 41,000 U.S. jobs during fiscal year 2013.
“Looking then at the economic contribution of the entire capital stack demonstrates the real value of the EB-5 program to the American economy.”
“As the industry trade association for the EB-5 Regional Center Program, IIUSA is committed to accurately measuring the positive impacts of the EB-5 Program in terms of job creation, GDP growth, and tax revenue,” said IIUSA Executive Director Peter Joseph. “The results of the 2013 assessment demonstrate that the EB-5 Program will continue to deliver on its promise of regional economic development and U.S. job creation at no cost to the taxpayer.”
Additional findings of the report include:
- Participants in the EB-5 program invested approximately $1.998 billion through EB-5 Regional Centers in FY2013. Nearly 75 percent of EB-5 investment capital – $1.47 billion – was invested in the construction of new commercial structures. Other sectors seeing FY2013 EB-5 investments include the motion picture and video industry ($94 million), construction of new healthcare structures ($93 million) and construction of new multifamily residential structures ($77 million).
- Combined with data and analysis from two previous reports covering FY2010-2012, the new study documents a four-year total of $9.62 billion contributed to GDP and an average of more than 29,300 jobs supported annually by EB-5 investments and related spending.
The report also looks at the economic contribution of the full capital stack of EB-5 funded projects based on a preliminary database of EB-5 Regional Center project costs. Using the total-cost-to-EB-5-equity ratio derived from this preliminary data, the report finds that the full capital stack employment contributions in FY2013 increase to 57,257 jobs supported and the total contribution to GDP increases to $4.89 billion.
For more information about the EB-5 program, click here.