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Re: How the jobless rate in poor Jersey City areas helped the Kushners
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I say give everyone who can invest 500k a US green card

Posted on: 5/28 12:03
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Re: How the jobless rate in poor Jersey City areas helped the Kushners
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The target employment area can be more granular - say move from City level to Zip code level. That will close a big loophole but will certainly slow down EB5 money flows.

Posted on: 5/28 10:53
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Re: How the jobless rate in poor Jersey City areas helped the Kushners
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Quote:

Monroe wrote:
C'mon, the Kushners just availed themselves of the program that began in the 1990's. It's been around for almost 30 years, and now is 'controversial'?? Marriott hotels built a 500 million dollar hotel in DC using the same 'poor jobless rate' qualification.

Interestingly, it was the Tea Party that opposed the granting of 'poor jobless rate' approvals! Chuck the Weeper Schumer is a huuuuuge fan of the EB5 program.


Exactly... much of the development that has happened in Houston and Miami has been supported and fueled by the EB5 performance program.

Posted on: 5/26 14:02
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Re: How the jobless rate in poor Jersey City areas helped the Kushners
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C'mon, the Kushners just availed themselves of the program that began in the 1990's. It's been around for almost 30 years, and now is 'controversial'?? Marriott hotels built a 500 million dollar hotel in DC using the same 'poor jobless rate' qualification.

Interestingly, it was the Tea Party that opposed the granting of 'poor jobless rate' approvals! Chuck the Weeper Schumer is a huuuuuge fan of the EB5 program.

Posted on: 5/25 12:28
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How the jobless rate in poor Jersey City areas helped the Kushners
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How the jobless rate in poor Jersey City areas helped the Kushners

Updated on May 25, 2017 at 12:14 PM Posted on May 25, 2017 at 12:02 PM


BY TERRENCE T. MCDONALD tmcdonald@jjournal.com
The Jersey Journal

Higher unemployment rates in Jersey City's southern neighborhoods helped Kushner Companies use a controversial visa program to obtain overseas investment for their luxury high-rise projects, according to a longtime observer of the visa program.

Norman Oder, writing for City & State, reports that Kushner Companies, run by the family of presidential adviser and son-in-law Jared Kushner, was able to use the higher unemployment rates in Greenville and Bergen-Lafayette to qualify for a $500,000-a-visa federal program intended to help projects in "target employment areas," places with high unemployment.

The EB-5 investor visa system allows investors seeking green cards to get one if they put $500,000 into a project in an area of high unemployment. The locations of two Kushner Companies projects -- Trump Bay Street and One Journal Square -- only qualify when jobless rates in neighborhoods as far south as the Curries Woods public-housing complex are included, Oder reports.

"This gerrymandering makes a mockery of the philosophy behind the targeted employment areas: to direct jobs to those who need them," Oder says. "However, most states welcome EB-5 investments; with no direct local cost, there's little incentive for integrity."

http://www.nj.com/hudson/index.ssf/20 ... areas_of_jersey_city.html

-----------------------------------------------------------

HOW JERSEY CITY UNEMPLOYMENT WAS GERRYMANDERED TO HELP KUSHNER PITCH INVESTOR VISAS

BY NORMAN ODER | MAY 24, 2017 |

http://cityandstateny.com/articles/op ... shner-investor-visas.html


Posted on: 5/25 12:20
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