WASHINGTON, D.C. July 10, 2020 (Biz Republic) — Invest in the USA (IIUSA) is pleased to share that the Brazoria County, Texas Hispanic Chamber of Commerce (BCHCC) joined IIUSA in advocating for reform and long-term reauthorization of the EB-5 Regional Center Program. The EB-5 Regional Center Program allows federally authorized “Regional Centers” to pool EB-5 visa applicants’ investments to exponentially fuel U.S. local and regional economies with projects that create and save thousands of American jobs.
IIUSA Executive Director Aaron Grau stated, “Reforming and cementing a long-term reauthorization can generate more than $9B annually of non-U.S. taxpayer investment into our economy to create and save jobs, just when our economy needs it most.” Grau continued, “That’s why we are so pleased and grateful to Brazoria County Hispanic Chamber of Commerce for joining our effort.
BCHCC is the only minority business chamber in Brazoria County, Texas. BCHCC understands the importance of economic development for its members and its community and it represents many businesses and jobs this reauthorization will impact.” Unlike all other visas federal statute requires that each EB-5 visa applicant make a significant up-front investment into a U.S. economic development project (either $900,000 or $1.8 million depending on where the project is located) AND create or retain at least 10 U.S. jobs; no jobs…no visa.
Gina Aguirre Adams, the Brazoria County Hispanic Chamber of Commerce president, stated, “We are eager to see new investments and create jobs for businesses in our area we represent. The Brazoria County Hispanic Chamber of Commerce is proud to join IIUSA and USHCC in this advocacy. EB-5’s non-taxpayer investments catalyze economic development and never before has it been more important than it is right now.”
For more information about the EB-5 Regional Center Program and IIUSA’s advocacy, please visit http://www.iiusa.org. Founded in 2005, Invest in the USA (IIUSA) is the national membership-based 501(c)(6) not-for-profit industry trade association for the EB-5 Regional Center Program (the “Program”). Our members account for a vast majority of capital formation and job creation in the U.S. resulting from the Program.
The Brazoria County Hispanic Chamber of Commerce serves as an advocate for its member businesses and partners. The BCHCC provides a vital forum and network for its chamber members businesses and community leaders to share ideas, concerns, and successes, with the goal of creating a robust business environment in Brazoria County.