Cleveland International Fund CEO discusses real estate projects created with EB-5 dollars
There's been lots of talk lately about immigration through the EB-5 program. Approved by Congress in 1990, it was established to encourage foreign investment in the United States allowing families to come to the US and stay, provided they invest at least $500,000 in eligible projects. Since then, the program had its fair share of critics who contend it amounts to selling green cards to wealthy foreigners. Some are calling for reform, but it's also the a program responsible for some of the more prominent real estate projects in and around Cleveland.
- Steve Strnisha, CEO, Cleveland International Fund