On Friday December 11th, President Donald Trump signed a one-week funding bill, passed by the Senate, to avoid a government shutdown and to reauthorize several programs including the EB-5 Regional Center Program through December 18th, 2020.
The short-term spending bill extends government funding by a week to December 18th and is aimed at giving lawmakers more time to reach an agreement on COVID-19 relief and broader funding legislation for a new fiscal year.
America’s Economic Lifeline: EB-5
The EB-5 Program is needed more than ever. It has generated more than $20.0 billion over a 15-year period from 2005-2020, has created over 500,000 U.S. jobs at no cost to U.S. taxpayers, and has become an essential economic development tool in post-Great Recession capital markets. The EB-5 Program is an important job creation program that has helped finance America’s infrastructure, transportation, real estate, community development, schools, elder care, energy, agriculture, manufacturing and other projects across the United States. It is unlikely that the United States Congress would let such an important job-creating program end. Doing so would result in immediate negative consequences to the U.S. economy and its businesses, especially as we all strive to overcome and recover from the impacts of the Coronavirus Pandemic.
Investing in EB-5 During COVID-19
Despite the difficult year we have all faced around the globe, now is the time for qualified individuals who desire to do so to start planning to invest in the EB-5 Program. Life in the U.S. will eventually return back to normal, and with the EB-5 process taking several months to several years depending on a variety of factors, planning well in advance is the key.
Additionally, with the annual limit of EB-5 visas available for FY21 nearly doubling and a lower number of applications coming in, now is a good time to obtain a place in line so that you are ready when the COVID-19 Pandemic eventually dissipates.
In fact, on Monday, December 14th, the U.S. began administering the first COVID-19 vaccines. People in a handful of other countries, including the United Kingdom, have also received the Pfizer-BioNTech vaccine after their governments approved its use earlier. This is a key step to getting back to normal life and we are now one step closer.
Although the recent pandemic has changed many things throughout the world, it has not changed who we are and what we do. We have been involved in the EB-5 industry since 2012, and together with our partners, have placed approximately 720 investors in the EB-5 program through the Florida Equity and Growth Fund Regional Center (“FEGFRC”) and other regional centers. Despite the numerous changes that Coronavirus brings to the world, the only thing that will change for us is our strategy to each of our EB-5 investors.
We Are Here for You
Given the win-win-win nature of EB-5, we will continue to develop EB-5 projects and provide pathways for families to pursue their immigration goals. While policies continue to change around the world, the only change for our team will be an adaptation in our strategy that includes Coronavirus and how we can effectively share this information to our potential investors. Through everything we do, from selecting and promoting our projects, to monitoring job creation and immigration needs, we have set up a structure to provide security and stability for our investors. From our corporate office, we have set up our facility to promote our projects, our investments, and our regional center, Florida Equity and Growth Fund Regional Center (“FEGFRC”) to its fullest capacity.
Current and prospective EB-5 investors can remain confident in the EB-5 Investor Program, as it continues to be a viable option for high net worth individuals seeking to obtain a green card quickly, as compared to other visa categories such as the H1-B and L1 visas.
Christian Tyler Properties wishes families in areas impacted by this virus to be safe and healthy during this difficult period. Should EB-5 investors have questions about the impact the coronavirus pandemic may have on the EB-5 visa process or the commercial real estate industry, please feel free to reach out to us at firstname.lastname@example.org.