A Quantitative Study on the Efficiency of Different EB-5 Investment Amounts from 2014-2021
DOI:
https://doi.org/10.47611/jsrhs.v11i2.2508Keywords:
EB-5 ProgramAbstract
This research paper assesses the efficiency of the EB-5 Investment Program before and after November 21, 2019. This research paper explicitly uses data from Regional Centers by comparing the program's cost per job and the number of investors over the past seven years. The EB-5 program has undergone many changes in the past five years, including increasing the minimum investment amount from $500,000 to $900,000. This specific edit to the program has reduced the number of investors per project and increased the cost per job. The research paper introduces the EB-5 program to a large audience, given that this program is limited to a population whose net worth is over a million dollars at least. The research paper explains the steps to achieving an EB-5 visa, introduces various regional centers, and collects data from their websites. As a result, this research paper concluded that the increase in the EB-5 investment amount had reduced the efficiency of projects because an increased amount leads to a smaller pool of investors, which in turn reduces the number of jobs per investor.
Downloads
References or Bibliography
Centers, CMB Regional. “CMB Announces Full Subscription of Group 75 and Receives USCIS Approval on Our Currently ...” AP NEWS, Associated Press, 19 May 2021, apnews.com/press-release/globe-newswire/business-immigration-d282fd96668f189493bdf897a73b2c18.
Magazine, Relocate. “Eb5 Capital Launches First EB5-Project of 2021: Editorial: RELOCATE Magazine.” EB5 Capital Launches First EB5-Project of 2021 | Editorial | Relocate Magazine, 22 Apr. 2021, www.relocatemagazine.com/news/eb5-capital-launches-first-eb5-project-of-2021-rivergate-jf28-immigration-0421-reeditor.
GGG. “The Emerald of Seattle - Project Summary: GGG EB-5 Investment.” Golden Gate Global EB-5, 19 Feb. 2020, www.3gfund.com/the-emerald-of-seattle-2/.
GGG. “Sacramento Kings – Golden 1 Center and Downtown Commons: GGG EB-5 Investment.” Golden Gate Global EB-5, 26 Sept. 2019, www.3gfund.com/sacramento-kings-golden-1-center-downtown-commons/.
CMB Regional Centers. “Current CMB EB-5 Projects.” cmbeb5visa.Com, 2021, www.cmbeb5visa.com/projects/past.
Buckingham Companies. “Aertson Midtown.” Buckingham, 22 Aug. 2019, buckingham.com/who-we-are/stories-behind-work/aertson-midtown.
University of the Pacific. “History of the Dugoni School.” University of the Pacific, 2021, dental.pacific.edu/dental/about-dugoni/school-history.
CMB Regional Centers. “Group 78 - Hillwood California BTS.” cmbeb5visa.Com, 2021, www.cmbeb5visa.com/projects/cmb-group-78-hillwood-california-bts.
DVRC. “EB-5 Government Investment Projects.” The DVRC, 29 May 2020, thedvrc.com/#dvrc-eb5-projects (3rd project).
Sofield, Tom. “Decades in the Making, I-95, Turnpike Connector Opens to Motorists.” LevittownNow.com, 22 Sept. 2018, levittownnow.com/2018/09/22/decades-in-the-making-i-95-turnpike-connector-opens-to-motorists/.
Admiral Regional Center Group. “Ca.com.” Admiralty, 2015, www.admiralty-ca.com/.
California Energy Investment Center. “Identifying Investments in Alternative Energy.” California Energy Investment Center (CEIC) | Home, 20 Feb. 2016, www.calenergyinvestment.com/.
California Golden Fund. “Anaheim JW Marriott.” California Golden Fund, 15 July 2019, www.californiagoldenfund.com/project/anaheim-jw-marriot/.
Net, Hospitality. “Marriott International Debuts JW Marriott, Anaheim Resort.” Hospitality Net, Hospitality Net, 18 Aug. 2020, www.hospitalitynet.org/announcement/41005016/jw-marriott-anaheim-resort.html#:~:text=JW%20Marriott,%20part%20of%20Marriott,Wednesday,%20August%2019,%202020.
California One Investment Center LLC. California One Investment Center LLC, 2014, coiccenter.com/?page_id=448.
LCP Group. “EB-5 Projects.” The LCP Group, L.P., 24 Apr. 2020, https://lcpgroup.com/eb-5-program/eb-5-projects/.
US Gateway Regional Center. “Hampton Inn - Pomona ” US Gateway Regional Center, 2017, www.usgatewayregionalcenter.org/.
EB-5 Worldwide. “5 Worldwide: Concerted Care Group.” EB, Feb. 2015, eb5ww.com/projects/old/ccg1.php?lng=en.
EB-5 Worldwide. “5 Worldwide: THE VINTAGE.” EB, Feb. 2015, https://eb5ww.com/projects/old/mci.php?lng=en.
American Economic Journal: Economic Policy 2019, 11(2): 1–34, https://doi.org/10.1257/pol.20160465
TEXO CAPITAL. “The Lofts at The East End.” The Lofts at the East End, 2021, texoeb5.com/projects/the-lofts-at-the-east-end/.
Oklahoma State Regional Center. “Hampton Inn & Suites.” The Oklahoma State Regional Center, 2014, www.oklahomastaterc.com/current-projects/.
Evatt , Robert. “New Hampton Inn & Suites to Be Built Just East of Bok Center in Downtown Tulsa.” Tulsa World, 10 July 2015, tulsaworld.com/news/local/new-hampton-inn-suites-to-be-built-just-east-of-bok-center-in-downtown-tulsa/article_d6e74d29-1dff-5e2b-b3f0-6ea97786d9e1.html.
The Utah Regional Investment Fund. “The Water’s Edge Resort.” Fund Utah, 20 Dec. 2019, fundutah.com/current-projects/.
Historic Hotels of America. “Water's Edge Resort and Spa.” Historic Hotels Worldwide, 2021, www.historichotels.org/us/hotels-resorts/waters-edge-resort-and-spa/history.php.
Global , Nysa. “Harbor Village .” Nysa Global, 9 Aug. 2021, www.nysaglobal.com/eb5-visa/.
Houston EB5. “Astoria, a Majestic Residential Tower.” Houston EB5, 15 June 2021, houstoneb5.com/eb5-projects/astoria/.
Houston EB5. “Marlowe - Contemporary Luxury Tower.” Houston EB5, 15 June 2021, houstoneb5.com/eb5-projects/marlowe/.
Houston EB5. “Eighteen 25 - Residential Investment.” Houston EB5, 15 June 2021, houstoneb5.com/eb5-projects/eighteen25/.
Houston EB5. “Thompson San Antonio Hotel & Condominiums.” Houston EB5, 15 June 2021, houstoneb5.com/eb5-projects/thompson/.
Friedland, Gary, and Jeanne Calderon. “EB-5 Project Database: 2017 Supplement with Trends and Observations.” NYU Stern Center for Real Estate Financial Research, 16 Aug. 2017, www.stern.nyu.edu/sites/default/files/assets/documents/2017%20EB-5%20Project%20Database%20with%20Trends%208.16.2017.pdf.
Published
How to Cite
Issue
Section
Copyright (c) 2022 Palaash Goyal; Sanjay Misra, Prakriti Sharma
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Copyright holder(s) granted JSR a perpetual, non-exclusive license to distriute & display this article.