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Message: Re: Chinese ...more recent article
http://www.thenewamerican.com/usnews/foreign-policy/item/11007-idaho-governor-goes-back-to-china-selling-groceries-or-green-cards
A few excerpts:
The Governor made the Chinese government an offer it couldn’t refuse. A coalition of representatives of the Department of Commerce and influential Idaho businessmen allowed the Chinese to invest $500,000 in a gold mine and another $500,000 in a resort. The payoff? Green cards for the Chinese officials and their families.
Flush from the success of this transaction, 120 Chinese millionaires pooled their money and placed $60 million in an escrow account to be used to create jobs for their families (along with the highly valued immigration documents). As soon as the jobs and green cards are ready, the Chinese will release the money and head to Idaho.
Specifically, “The U.S. Citizenship and Immigration Service administers an immigrant investor visa program called EB-5. The program grants foreigners permanent U.S. residency in exchange for helping create U.S. jobs.” This prong will facilitate the immigration of Chinese nationals into the United States for the purpose of establishing a Chinese industrial beachhead in Idaho, under the guise of creating U.S. jobs.
The second phase involves the granting of tax breaks to the foreign companies. In exchange for an investment of between $500,000 and $1 million (depending on whether the target zone is rural or urban, respectively), the foreign investor receives tax incentives.
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