Faculty News

Scholar-in-Residence Gary Friedland comments on the EB-5 Immigrant Investor Program, from his joint research with Professor Jeanne Calderon

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Excerpt from The Wall Street Journal -- "Now the redeployment of funds has raised new concerns about the EB-5 program, which is facing reauthorization by Congress. For example, the June policy manual 'appears to allow' developers to invest redeployed funds in projects that don’t get as much vetting as the original EB-5 project, according to Gary Friedland, a scholar-in-residence at New York University who has written about the program. 'The investors may unwittingly end up with their money being invested in a much riskier venture than they anticipated,' he said."

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