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April 5, 2012

Vermont newspaper takes close look at EB-5 program, finds some reason for concern

Atlantic Yards Report

A long and interesting article from Seven Days Vermont about EB-5 investment, headlined Seeing Green: Vermont's EB-5 program trades cash for visas — fair deal or shady business?, analyzes the program in the state where it probably has the largest impact.

While the article probably leaves an overall positive impression of the program, it breaks some news, describing one apparent scam and explaining how those benefiting from EB-5 reward those who support it.

And it doesn't quite grapple with the question of opportunity cost: if we are going to "sell" visas, are we really getting our money's worth?

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Posted by eric at April 5, 2012 10:51 AM