Bloomberg Law
June 8, 2020, 9:31 AM

Immigrant Investors Stalled by Virus Add to Economic Worries

Genevieve Douglas
Genevieve Douglas

A U.S. program that grants green cards to immigrant investors faces serious disruptions during the coronavirus pandemic despite some Trump administration support, potentially hindering the nation’s economic recovery.

President Donald Trump exempted the EB-5 program in his April proclamation suspending green card applications from outside of the country. But consulate closures abroad and stalled U.S. business projects, such as those in the construction industry, have immigrant investors scared that their chances to become lawful permanent residents are dwindling.

The EB-5 program hit an impasse after consulates around the globe closed in March to curb the spread of the coronavirus, said ...

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