Neat Concept: The "Investment Green Card"

I learned about the EB-5 visa recently, and I must say that I'm a fan of the concept.

Interestingly, it leverages the difficulty of the barrier to legal entry into the United States to its advantage, extracting some investment from a potential immigrant/investor in return for expedited permanent resident status.

Here's a rundown of the basic requirements:

You may qualify for an EB5 in three different ways:
1. Invest $1,000,000 and hire ten employees anywhere in the USA, or
2. Invest $500,000 and hire ten employees in an area where the unemployment rate exceeds the national average by 150% or the rural population is less than 20,000, or
3. Invest in a Government designated Regional Center and avoid direct employment.
The program is making a tangible difference in some ways here in post-Katrina New Orleans.  Overall, I think it's a creative, pragmatic program that not only incentivizes beneficial investment in U.S. jobs and economic development, but also brings desirable human capital to our shores.  Recognizing that our immigration system is far from perfect, this seems like one of the better aspects presently in place.