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What Miami's EB-5 Designation Really Means

Following a 10-month application process, Miami has received a federal designation as a special investment conduit for deep-pocketed foreign investors, which could help lure additional cash into an economy buttressed by foreign capital inflows.


An attorney who helped the city secure the regional center designation said in a statement the move could help steer funds into ambitious projects.

"This increasingly popular program will provide additional financing opportunities for real estate development and infrastructure projects, therefore serving as a catalyst for economic development and job creation within the city of Miami and throughout South Florida," Greenberg Traurig's immigration practice co-chair Laura Reiff said.

Read "What Miami's EB-5 Designation Really Means."