EB-5 will bring investment, immigrants to Michigan
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.