October 2012 Newsletter


The EB-5 Immigrant Investor Program provides green cards to non-U.S. investors,
if they invest $1 million or $500,000 in targeted U.S. developments.
EB-5 visas, also, provide such investors and their family permanent
U.S. residency, whether they live in the U.S. or abroad.

Charter Schools and EB-5 Visas: On October 12, 2012 Reuters published Stephanie Simon’s article, “Charter School Financing Gets You a Green Card? The New U.S. Visa Rush,” that included the following:

“Wealthy individuals from as far away as China, Nigeria, Russia and Australia are spending tens of millions of dollars to build classrooms, libraries, basketball courts and science labs for American charter schools.” (Emphasis added)

On October 4th, eight days before that startling fact, MiamiTodayNews.com reported that Chinese investors had put $30 million in the state’s charter schools program and plan to invest another $90 million during the next year. The Chinese aquaculture farm, which will grow Pacific white shrimp and sea asparagus, is set for ground-breaking in Central Florida in January.

The Chinese are taking advantage of the federal EB-5 program, which encourages wealthy foreign investors to BUY U.S. visas for themselves and their families by investing as little as $500,000 in targeted, economically beneficial commercial real estate developments, which formerly funded luxury hotels, ski resorts, etc., but includes investing in charter schools, now.

Foreign investors now view public charter schools as their “goose that laid the golden egg,” because charter schools are considered “recession-proof.” Since G.H.W. Bush’s original Public Private Partnership strategy for charter schools has gone international, I have some questions:

Is global participation in U.S. education an unintended consequence or a well-planned, decades-long strategy to destabilize and globalize the United States?

Should investors (foreign or domestic) build their wealth on tax-funded public education?

The director of international business development for Enterprise Florida, declined to name the charter school investors, but revealed that about 12 other Chinese investors have directed their $500,000 into a $16 million aquaculture project on 100 acres in Fellsmere, Florida. Each EB-5 investor of $500,000 will receive a “green card via red carpet” if the investment will “help secure or create” at least 10 full-time jobs in the U.S.

Chinese investors scramble to get in on the deal. At least 34 additional Chinese investors are going through the EB-5 process, although only 32 are needed to raise the $16 million. The gold at the end of that rainbow is permanent residency in the U.S., where investors and their family may live, work and retire in the U.S. or return to their country, while retaining U.S. residency.

ACTION – Vote NO on Amendment No. 1 on the November 6th General Election Ballot.

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