Immigration

New questions loom as EB-5 visa program explodes

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Published April 23, 2013 4:00am ET
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New questions loom as EB-5 visa program explodes
The U.S. Citizenship and Immigration Service sanctions the EB-5 visa program, which is intended to help spark job creation. As long as 10 jobs can be created or saved within two years of a $500,000 investment, a green card will be rewarded. (AP Photo)

TALLAHASSEE — Washington’s EB-5 visa program is big business in Florida. A few years ago, four regional centers in the state were soliciting foreign investor money in exchange for U.S. citizenship.

More than two dozen are now. Proponents say it’s been good for the state’s economy, but critics charge it’s nothing more than selling green cards.

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