Posted on May 21 2014
Legislation would extend visa program for foreign investors
By , Editor
Updated April 03 2023
Reps. Aaron Schock (R-Ill.) and Tulsi Gabbard (D-Hawaii) introduced legislation on Tuesday that would extend a visa program for immigrant investors.
The EB-5 visa program for immigrant investors was created as a pilot program under the Immigration Act of 1990. Up to 10,000 admissions can be granted each year for a $1 million investment per visa under current law. If investments are made in high unemployment areas, however, the threshold is reduced to $500,000 per visa.
The legislation would make the EB-5 regional center program permanent.
“Right now, more than anything, the U.S. economy needs good-paying jobs and investment capital to build the companies that create them,” Schock said. “The EB-5 regional center program accomplishes both goals by attracting qualified foreign investors and establishing measurable goals for job creation.”
The EB-5 visa program contributed $3.4 billion to the U.S. gross domestic product in 2012. It also supported 42,000 jobs and generated $712 million in tax revenues, according to reports.
“Repeatedly, EB-5 program extensions have received overwhelming bipartisan support,” Schock said. “This much-needed legislation underscores the importance of an incremental approach to immigration reform as Congress seeks common ground to address our nation’s broken system.”
In addition to extending the program, the legislation would remove visa caps on countries.
“When I hear from people in Hawaii, the most important issue they bring up, by far, is that we need to revitalize and strengthen our economy,” Gabbard said. “By introducing the EB-5 Act, we can leverage funds and capital from overseas in our communities by encouraging foreign investors to create and support jobs in every sector of our economy, particularly in rural areas or those with high unemployment. Between 2005-2013, for example, $6.5 billion was invested in projects around the country, supporting 131,000 American jobs.”
Schock and Gabbard are co-founders of the Congressional Future Caucus, which strives to develop long-term policy solutions to meet future challenges.
For more news and updates, assistance with your visa needs or for a Free Assessment of your profile for Immigration or Work Visa’s just visit www.y-axis.com
Tags:
Visa Program
Share
Options for you by Y-Axis
Get it on your mobile
Get News alerts
Contact Y-Axis
Latest Article
Which occupations are in demand in Germany?
Which occupations are in demand in Germany?
Which occupations are in demand in Germany?
IT, healthcare, software development, skilled trades, and engineering are some occupations that are currently in demand in Germany, while some of the in-demand job roles include software developers, IT professionals, nurses, doctors, engineers, etc. The country offers competitive salaries for skilled professionals, with annual salaries ranging from €45,000 to €51,876. The average annual wage in Germany differs based on the candidate's location, job role, and level of professional expertise.
*Want to apply for jobs in Germany? Avail the Y-Axis Job search services to find the right one.
Top in-demand occupations in Germany
Germany has around 615,000 job vacancies across different sectors, and it plans to invite nearly 90,000 skilled workers annually. Any skilled worker with qualified professional experience, a minimum educational background, and an updated skill set can secure a high-paying job in Germany. The German job market has plenty of job opportunities for skilled professionals, allowing them to earn an annual average pay of €51,876.
The table below has the list of top in-demand occupations in Germany, including:
|
Occupations |
Average annual salary |
|
Engineering |
54,827 |
|
Information Technology |
47,834 |
|
Marketing & Sales |
41,613 |
|
Human Resources |
33,335 |
|
Healthcare |
36,000 |
|
Teacher |
46,800 |
|
Accountant |
50,038 |
|
Hospitality |
28,813 |
|
Nursing |
68,250 |
|
Finance |
46,015 |
|
Food services |
40,000 |
|
Manufacturing |
55,200 |
|
Customer service |
33,541 |
Read more…
In demand occupations in Germany
How to get a job in Germany from India?
To secure a job in Germany, you must obtain a valid job offer from a verified German employer.
You can follow the steps below to get a job in Germany when applying from India successfully:
Step 1: Research and understand the German job market
Step 2: Upgrade your skills, language proficiency, and CV as per German standards.
Step 3: Expand your networking via trusted job portals like LinkedIn and connect with professionals. Attend job fairs in Germany and build your network.
Step 4: Apply through official job portals and prepare for the interviews.
Step 5: Attend job interviews
Step 6: Get a valid job offer from a verified German employer
Step 7: Once you get an employment offer, you can go ahead and apply for a work permit to be able to work in Germany.
*Are you looking for step-by-step assistance with German immigration? Contact Y-Axis, the world’s No. 1 overseas immigration consultancy, for end-to-end assistance!
Which occupations are in demand in Australia?
Which occupations are in demand in Australia?
Which occupations are in demand in Australia?
Australia's most in-demand occupations include engineering, IT, Healthcare, construction, and education. Australia currently has over 395,000 job vacancies across multiple sectors. Some of the most in-demand job roles in Australia are nurses, doctors, IT and software professionals, engineers, construction workers, accountants, chefs, etc. The average annual salary offered in Australia is around AUD 92,400, which may differ based on the job role, location, and the level of professional experience that the candidate possesses.
*Want to apply for jobs in Australia? Avail the Y-Axis Job search services to find the right one.
Top in-demand occupations in Australia
Australia currently has over 365,000 job vacancies, offering an average annual salary of AUD $90,000 to AUD $99,000, depending on the job role, experience, location, etc. The country is seeking skilled foreign professionals in sectors like healthcare, IT and technology, engineering, education, etc. The Australian job market in 2025 seems promising, with plenty of job vacancies for skilled professionals.
The table below has the list of the top in-demand occupations in Australia along with the average annual salaries:
|
Occupation |
Annual salary in AUD |
|
IT |
$81,000 – $149,023 |
|
Marketing & Sales |
$70,879 – $165,000 |
|
Engineering |
$87,392 – $180,000 |
|
Hospitality |
$58,500 – $114,356 |
|
Healthcare |
$73,219 – $160,000 |
|
Accounting & Finance |
$89,295 – $162,651 |
|
Human Resources |
$82,559 – $130,925 |
|
Teaching |
$75,284 – $160,000 |
|
Professional and Scientific Services |
$90,569 – $108,544 |
Read more…
In demand occupations in Australia
How to get a job in Australia from India?
You can follow the steps below to get a job offer in Australia:
Step 1: Research and understand the Australian job market.
Step 2: Prepare your resume as per the Australian standards
Step 3: Apply for jobs in Australia via the official job portals
Step 4: Improve your language skills and get certifications that are related to your occupation and job role
Step 5: Prepare well for the job interviews
Step 6: Get a job offer from a registered Australian employer
Step 7: Apply for a valid work permit to work in Australia
*Are you looking for step-by-step assistance with Australian immigration? Contact Y-Axis, the world’s No. 1 overseas immigration consultancy, for end-to-end assistance!
Popular Post
Trending Article
Posted On August 22 2025
Which occupations are in demand in Germany?
