Browse Tag: George H.W. Bush

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George H. W. Bush

In 1990, President George H.W. Bush signed into law the 1990 Immigration Act, which included a novel provision to attract foreign investment and create jobs in areas that most need them.  The EB-5 Visa program is a way for foreign investors to earn a green card if they invest in the economic development of a “targeted employment area” (TEA), defined by the program administrators, the US Dept. Of Citizenship and Immigration Services (USCIS) as:

“…an area which, at the time of investment, is a rural area (not within either a metropolitan statistical area (MSA) (as designated by the Office of Management and Budget) or the outer boundary of any city or town having a population of 20,000 or more), OR an area within an MSA or the outer boundary of a city or town having a population of 20,000 or more which has experienced unemployment of at least 150% of the national average rate.”

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