Situated on the outskirts of Sacramento is California’s largest master-planned community, McClellan Park. It has homes, offices, restaurants, a hotel and even a 2-mile-long runway that serves jets. But 30 years ago, the location was a starkly different story: an Air Force base that had just been shuttered, costing 11,600 jobs.
Fundamental to this remarkable transformation was a federal program that incentivizes investment — and stimulates job creation — throughout the United States. That program, the EB-5 Immigrant Investor Program, still exists today. And amid uncertainty across the economy and in the financial markets, Republicans and Democrats alike should come together to support the program’s expansion.
EB-5 was created by Congress in 1990 to attract capital investment from foreign investors. It’s more than met that…
