Vermont Senator Supports Making the EB-5 Immigrant Investor Program Permanent

Earlier this month, Vermont Senator Patrick Leahy (D) announced that he plans to try again to make the EB-5 Immigrant Investor Regional Center pilot program a permanent immigration fixture. Leahy described Vermont’s regional center program, which was established in 1997, as an economic powerhouse. “Vermont’s regional center program is an economic engine for the state,” he said. “In a small state like ours, economic success in one area is inevitably felt in other parts of the state. Making the EB-5 program permanent is just the start. We are working to modernize the program to handle the growth it has seen across the country in recent years. Vermont’s use of the program is a model of success, and other states have taken note.” Over the past handful of years, Sen. Leahy has worked with colleagues...

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The Latest News about the EB-5 Immigrant Investor Visa Program

Victorville Investor Agrees to Forfeit Processing Fee: According to recent reports, Yin-Yang Dong, an Asian investor in the Victorville, CA EB-5 Immigrant Investor program has agreed to forfeit $50,000 so that the $500,000 he loaned to the city through the now defunct EB-5 program can be recovered. Las Vegas Conference Features EB-5 Program:  A recent two-day conference about the EB-5 program held in Las Vegas, NV, was a resounding success with nearly 200 real estate developers, lawyers, regional center executives and sponsors attending. Those regional center executives attending the conference included George Ekins, CEO of American Dream Fund, which manages the Los Angeles Regional Center and the Las Vegas Regional Center, and Robert Hobbs, VP of R.H. Hobbs and Century American Regional...

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