Everyone is trying to get on the EB-5 bandwagon to get a piece of the coveted wealthy foreigner dollar. Many countries have something similar, sort of a “cash for visa” program. Well, Miami is getting into the game as a Regional Center. Starting as early as September, the city of Miami will begin dangling green cards to foreign investors as a means to spur economic development in South Florida and further cement Miami’s status as the global business hub. However, investors have plenty of options out there, and Miami’s late arrival to the party may not serve it well in courting them.
Read David Smiley’s Miami Herald article here: http://hrld.us/XNReIE
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