Niles Media LLC

multimedia investigative storytelling

Leahy proposal would alter EB-5 job creation formula

946 words / VTDigger.org

Proposed changes to the controversial EB-5 Immigrant Investor Program would tweak the job creation requirement. Full-time employment defined as one person working at least 35 hours per week would be replaced by the equivalent of a full-time job, “regardless of how many employees fill the position.”

Capitol Hill controversy puts EB-5 Immigrant Investor Program in national spotlight

In-depth daily article explaining the connection between a national controversy and a state-run business plan. / 1173 words / VTDigger.org

Controversy on Capitol Hill this week shined a national spotlight on one of Vermont Sen. Patrick Leahy’s signature economic development initiatives — a program that plays a key role in Vermont’s business strategy.

Monday, the Department of Homeland Security Office of the Inspector General revealed to a lawmaker an ongoing investigation into Alejandro Mayorkas. The director of U.S. Citizenship and Immigration Services is President Barack Obama’s nominee to fill the No. 2 position at the Department of Homeland Security.

Mayorkas had been accused of mismanaging the federal Immigrant Investor Program, also called “EB-5” for the type of visa it affords. Leahy is in the process of pushing Congress to make EB-5 permanent after 20 years in a pilot stage. The program — until Monday — had remained fairly obscure by national standards, despite a recent spike in use. But in Vermont, EB-5 plays a prominent role.

/* google analytics */