| Could the cost to EB-5 investors be reduced down | | | | approved Regional Center project. The proposal by |
| to as little as $100,000 USD? Well if a US | | | | Polis would extend eligibility to foreign entrepreneurs |
| Congressman from Colorado has his way it very well | | | | whose business plan attracts either $250,000 from a |
| could. | | | | U.S.-based venture capital company or $100,000 from |
| Congressman Jared Polis, a Democrat from Colorado, | | | | another investor, according to the American Visa |
| has penned a proposal in the U.S. House of | | | | Bureau. |
| Representatives that aims to encourage foreign-born | | | | "Every day the American economy is losing ground - |
| entrepreneurs interested in starting a technology | | | | not to mention high-tech jobs and technologies - to |
| company to bring their investments and know-how | | | | India and China because foreign-born entrepreneurs |
| to the U.S. | | | | cannot secure a visa to stay in the U.S.," said Polis. |
| An addendum to the EB-5 visa system, which | | | | The congressman estimates that foreign investment |
| provides green cards to qualifying immigrants who | | | | under his proposal would create more than 500,000 |
| invest in approved American business, the proposal | | | | new jobs in the first 10 years. And after all, the EB-5 |
| seeks to create new jobs and bring in foreign capital | | | | visa was designed to help create jobs for American |
| by expanding the eligibility of visa applicants. | | | | citizens. |
| Currently, a minimum investment of $500,000 is | | | | The bill is expected to be referred to committee in |
| needed for immigrants to qualify of an EB-5 investor | | | | the next several weeks, where it will be subject to |
| visa if they invest their money into an USCIS | | | | debate and amendment. |