about the coalition
Coalition to Save and Create Jobs (CSCJ) consists of trade associations, chambers of commerce, municipalities and mayors’ offices, community banks, economic development organizations, health care facilities and more.
This diverse group has one thing in common. Every member is feeling the terrible effects of a distressed economy and every member understands the need to use EVERY TOOL AVAILABLE to get America back to work.
That includes leveraging even little-known federal programs and sources of capital, but especially those with a tremendous positive impact, namely the EB-5 Regional Center Program.
The coalition began advocating for the Program’s stability and reauthorization in 2020. Now, it reconvenes to formally push for the Program’s good government reforms and the badly needed non-tax revenue investments and jobs the Program can bring to U.S. communities and businesses.
CSCJ was established to promote economic recovery, development, and growth by assuring the good-government reauthorization of the EB-5 Regional Center Program (the "Program") through the bipartisan legislations and policy reforms.
The Program is an unsung economic development juggernaut, responsible for billions of dollars of non-tax dollar investments and assuring thousands of American Jobs.
The premise is simple:
Immigrant investors hoping to secure a U.S. EB-5 (employment based 5th category) visa:
COMMIT a minimum of $900,000 of their money to a U.S. economic development project;
ASSURE their investment creates at least ten American jobs; and
PASS all security and background checks.
If any one of these requirements is not met, the immigrant investor is denied a visa.
Regional Centers, U.S. organizations permitted to operate by the Department of Homeland Security, pool these investments and leverage them with bank loans and other capital to build grocery stores, improve transportation infrastructure, create hotels, schools, sports arenas -and above all- JOBS.
This powerful program will expire on June 30, 2021, just when our economy needs it most.
This Coalition is striving to keep the Program, reform the Program with new good government measures, and stabilize the Program with a five-year reauthorization.
Members of the Coalition to Save and Create Jobs includes municipalities and mayor's offices, chambers of commerce, economic development organizations, trade associations, industry partners, EB-5 stakeholders and many more - all of whom have seen and felt the economic benefit of the EB-5 Regional Center Program in their communities every day.