Type of Submission
Congress created the EB-5 visa program in 1990 specifically to attract foreign private investment to finance business development while providing a pathway to permanent residency in the U.S. As a non-traditional alternative source of financing for hotel developers, this program has gained importance in the last several years partly due to the 2008 economic recession, the program’s affordability and flexibility, and hotels’ capacity to create jobs to meet the requirements of the program.
Shen, Serena and Kwansa, Francis A.
"EB-5 Financing Program: Option for Financing Development in the Hospitality Industry,"
Journal of Hospitality Financial Management: Vol. 20
, Article 4.
Available at: http://scholarworks.umass.edu/jhfm/vol20/iss2/4