A regional perspective on the Congressional action to renew the controversial EB-5 program.
Ben Bergman reports that Southern Californian economists are applauding the renewal of the EB-5 program, which provides a path to citizenship for foreign who invest at least a million dollars and employ at least ten workers. William Yu, an economist from UCLA, says the program offers "not a trivial" boost to the economy.
According to Bergman, "The number of EB-5’s issued every year is capped at 10,000, a number that has been quickly reached in recent years." The article also notes that real estate projects, as well as films, are popular investments among EB-5 applicants in the Southern California area.
Opponents of the EB-5 program, which include U.S. Senator Dianne Feinstein (D-Calif.), argue that it allows wealthy foreigners to cut in line for legal status in the United States. In 2014, Planetizen shared an argument in favor of the EB-5 based on its investment benefit in Rust Belt cities.
In a separate article, Chris Fuchs examines the national conversation (and controversy) over Congress' decision to renew the program.
FULL STORY: Why the renewal of EB-5 is welcomed in Southern California
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
EMC Planning Group, Inc.
Planetizen
Planetizen
Mpact (formerly Rail~Volution)
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research
NYU Wagner Graduate School of Public Service