EB-5 Investor Visa: 6 Amazing Statistics
According to the Real Deal, the EB-5 investor visa: “…was once scarcely used as a source of development financing now has a waiting list. Condominium projects, and more recently hotels and even restaurants, are increasingly turning to EB-5 investors to fund their construction and business expansion.”
Here are some interesting statistics about the EB-5 investor visa program in Miami.
1. In 2013, Florida saw EB-5 capital investment jump to $150.5 million up from $10.5 million in fiscal year 2010-’11.
2. Currently, Florida is ranked No. 3 in terms of EB-5 capital investment, up from being No. 11 less than five years ago. This puts Florida ahead of both California and New York.
3. At a national level, more than $13 billion of foreign direct investment has been injected into the U.S. economy since 2008 as a result of the EB-5 program.
4. A politically sensitive topic but an undeniable fact: more than $9 billion has been created in the U.S. GDP from FY2010-FY2013. More than 29,000 jobs maintained annually as a direct result of EB-5 investor visas over the past decade.
5.Brazil, or Latin America, only represents 10% of the total amount of issued EB-5 investor visas since 2014. While the number is growing, the main driver of growth is marketing. There remains a massive gap of information versus myth in the market surrounding this topic.
6.The well-received marketing drive of the Paramount Miami World Center has seen a record investment indirectly from Brazil of more than 1 Billion in FDI. This has upped the bar for the Miami market to deliver on their promise to welcome more Brazilian businesses to the market.
These are a few of the most interesting stats we have seen at Miami Real Estate Trends regarding the EB-5 investor visa. This topic along with other Miami real estate investment opportunities are covered each month at our meetup which you can join here.