Comment: Rural Jobs For Senators Grassley n Leahy

Senator Grassley (R-IA) and Senator Leahy (D-VT) have been staunch, consistent and bipartisan champions of rural interests, and have been effective at protecting the interests of their rural states. Both of them have been the supporters of the EB5 program which they rightly see as beneficial for their respective states, if properly administered. The new TEA definition in the EB5 regulation is a major victory for rural interests. As we argued in USCIS vs Rural Jobs [link to EC], just applying the TEA standards in the new EB5 regulation to redeployment will create thousands of additional rural jobs within a month or two, and 100,000+ rural jobs over the next several years. Every currently available rural EB5 project in Iowa and in Vermont and in all predominantly rural states today will be fully funded in a few months with redeployed EB5 capital, should USCIS adopt this simple redeployment strategy. Why have the savvy staffs of these two Senators not stumbled upon this easy way of creating thousands of immediate jobs in their states--which would be much quicker than jobs created by any new EB5 investments? We trust, given their commitment to their true salt of the earth constituents, Senators Grassley and Leahy will soon discover this simple means of boosting their rural economies.

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