Stop Bashing EB-5

Law360, New York (May 12, 2017, 5:01 PM EDT) -- “Immigration” is a bad word these days. Sad for a nation of immigrants.

The Kushners’ callous influence peddling has shined the spotlight on another immigration program, now under attack by modern "Know Nothings." EB-5 is the pay-to-play program whereby foreign investors can invest from $500,000 to $1 million in American enterprises, with the requirement that each investment generate at least 10 domestic jobs. Steve Yale-Loehr, Cornell law professor and EB-5 consultant, estimates that about $10 billion has been raised by the program since it took off about a dozen years ago; the Commerce Department estimates that about 174,000 jobs were created for...

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