Thursday, February 9th, 2017

Will Austin Grow Green EB-5 Visas?


"Saying Austin can become a magnet for investment in green energy jobs, Mayor Lee Leffingwell unveiled plans Monday to take part in a federal program that lets foreign investors earn green cards in exchange for creating jobs.

Flanked by a host of Austin elected officials, including state Sen. Kirk Watson and U.S. Rep Lloyd Doggett, Leffingwell said he will propose that the city apply for designation as an EB-5 Regional Center through the U.S. Citizenship and Immigration Services. The EB-5 designation refers to a visa option offered by the federal government for some foreign investors.

By gaining the designation, the city could steer investors to endeavors like solar power projects, battery research and water conservation, Leffingwell said." - Austin American-Statesman