EB5 Investors Magazine (English Edition) Volume 5, Issue 1 - Page 91

Impact of policy proposal to reform Targeted Employment Areas; New Market Tax Credit Criteria Source: Investment In The USA Website Regional Center program at both a national and state-by- state level. Our community’s success in building a multi-billion-dollar capital market that supports hundreds of thousands of U.S. jobs annually has been possible by working closely with professionals around the world to educate stakeholders and the public on how EB-5 has become one of the most potent economic development tools of the 21st century by delivering job-creating investment capital that create American jobs in industries such as healthcare, energy, infrastructure, education, housing, science and technology, real estate and much more. During a time of heated rhetoric around immigration in the U.S., there remain general principles that both major political parties continue to coalesce around: increased investment in the United States and more U.S. jobs without any cost to the taxpayer. How TEAs are reformed will shape the future success of EB-5 program and its ability to continue to deliver on its purpose to create jobs and investments in all corners of our nation. IIUSA remains committed to providing the EB‐5 industry, congressional offices, and the public at large with the policy analytical tools needed to understand the practical implications of any policy proposal. We strongly believe that IIUSA's interactive online tools and comprehensive reports can help diverse interests agree to a deal before Sept. 30. We believe in EB-5 as a tool for community and economic development globally. EB-5 is a perfect example of U.S. policy and is why it has such broad support with the U.S. at the federal, state and local level. This would not be possible without the investment by immigrant investors who understand that opportunities afforded to them and their families when investing through the EB-5 program. Let’s be successful together by educating each other and creating the global community we want through economic bridgebuilding and comprehensive analyses that have the power to ground policy debates in real terms. Peter D. Joseph Peter D. Joseph has been the executive director of Invest In the USA (IIUSA) since 2010, where he leads the trade association for the EB -5 Regional Center Program. Joseph has been involved in the EB-5 program since 2007, first through his work at an EB-5 law firm, and later as an independent consultant to regional [\[\XHݚY\ˈHXZ]Y\KˈHT][[]\]x&\وXX\XH[\ˈB]XHYKPRSTԔːBL