Faculty News

Professor Jeanne Calderon and Scholar-in-Residence Gary Friedland's joint research on EB-5's impact on foreign investment is featured

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Excerpt from The New York Times -- "The program was intended to reward people for putting money into the United States. Projects that raised more than $1 billion were practically nonexistent in the program before 2010, Prof. Jeanne Calderon of New York University’s Stern School of Business wrote in a March report on the program. But when banks turned off the credit spigot around the 2008 financial crisis, developers started getting more creative in finding alternative financing."

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