In the midst of the bleak economic outlook, falling DOW and relatively high unemployment, the US government is on an intelligent promotional blitz encouraging investors to immigrate, invest in our economy and create US jobs.
According to a Department of Homeland Security Press Release from yesterday: “Secretary of Homeland Security Janet Napolitano and U.S. Citizenship and Immigration Services (USCIS) Director Alejandro Mayorkas today outlined a series of policy, operational, and outreach efforts to fuel the nation’s economy and stimulate investment by attracting foreign entrepreneurial talent of exceptional ability or who otherwise can create jobs, form startup companies, and invest capital in areas of high unemployment.”
On the same day, USCIS director Alejandro Mayorkas wrote in The Beacon, the USCIS Blog: “The United States has a long, rich history of welcoming innovative entrepreneurs and skilled workers into our country. These men and women fuel our nations economy by creating jobs, and promoting new technologies and ideas. Today, I joined Secretary of Homeland Security Janet Napolitano and outlined a series of new policy, operational, and outreach efforts that will help fuel the nations economy and stimulate investment by making it easier for high-skill immigrants to start and grow companies and create jobs here in the United States.”
Considering the weak US dollar, the $500,000 typical qualifying EB-5 investment for areas of high unemployment is now a bargain compared to just a year ago. I was in Canada last week and the Canadian dollar was stronger than the USD. Not too long ago it was almost $1.50 Canadian for $1 USD. The exchange rate works in favor of international persons who wish to pursue US investment and live and work in the US while they do it!