Sunday, May 27th, 2018

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