Politics & Government
4:29 pm
Thu May 8, 2014

EB-5 will bring investment, immigrants to Michigan

Vermont's government was the first to allow an EB-5 Regional Center.
Credit user: Norsehorse / Flickr

A federal visa program called EB-5 offers a conditional green card to foreign nationals who invest $1 million in a qualified project in the U.S., or invest half a million in a depressed urban or rural area.

EB-5 is the cornerstone of Gov. Rick Snyder's strategy to attract more immigrants to Michigan. In fact, Michigan will be only the second state in the country to open a statewide center to attract immigrant investment and offer a possible path to citizenship.

The first state to open such a center was Vermont. 

Brent Raymond, the director of the Vermont EB-5 Regional Center, joined us. 

*Listen to the full interview above. 

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