Op-Ed
Beyond the Rhetoric: Save the EB-5 Visa
By Harry C. Alford
NNPA Columnist
The EB-5 Visa program has been in the news lately because of the alleged manipulation of the program by members of the “Clinton Gang.” Among a list of alleged things coming out of this group was a system to pay money to Hillary’s brother, Tony, (she has two in this gang) to have an EB-5 visa approval expedited by the U.S. Department of Homeland Security. The process usually takes more than two years but this time it was speeded up by many months.
The funding generated by the investment for the visa was then directed to “gang” member Terry McAuliffe (now governor of Virginia) for his electric car venture. Tony got paid; Terry got funded and the electric car venture went south with a “bullet.” The principal at Homeland Security who allowed this happens to be a former California prosecutor who worked with the Clinton gang in getting a convicted cocaine dealer a presidential pardon from President Clinton. It appears that Tony got $200,000 from the grateful drug dealer.
The above will soon come to total light. But let’s focus in on the importance of the EB-5 Visa. What makes it so valuable? It is a way of generating great sums of investment money for infrastructure projects and new ventures. Also, it produces U.S. jobs for communities that need them. Wikipedia has the best description of how the program works:
“The EB-5 visa provides a method of obtaining a green card for foreign nationals who invest money in the United States. To obtain the visa, individuals must invest $1,000,000 (or at least $500,000 in a Targeted Employment Area – high unemployment or rural area), creating or preserving at least 10 jobs for U.S. workers excluding the investor and their immediate family. Initially, under the first EB-5 program, the foreign investor was required to create an entirely new commercial enterprise; however, under the Pilot Program investments can be made directly in a job-generating commercial enterprise (new, or existing – “Troubled Business”), or into a “Regional Center” – a 3rd party-managed investment vehicle (private or public), which assumes the responsibility of creating the requisite jobs. Regional Centers may charge an administration fee for managing the investor’s investment.”
This program is doing wonders for areas who have mastered the process. The Regional Center in Washington, D.C. has brought in billions of dollars from a group of investors from Shanghai, China. It started with one investor and through his business associates there are dozens participating. The Shaw District, City Center projects among others are successes because of this program. The Chinese individuals who invested? Their entire immediate family members have Green Cards now and travel through the United States like you and I do. Keep in mind that they will also get a return on their investments.
The most notable in the nation is the Regional Center of Las Vegas. Some successful Las Vegas projects are: Downtown Grand, SLS (Sahara), Lucky Dragon, Dynasty Hotel Casino, Clarion Hotel and World Resorts. Homeland Security is processing about 9,000 applications per year now and cities are starting to understand this profitable game. The U.S. Conference of Mayors held a conference about the program (in Las Vegas of course). We hope our Black mayors will catch on to this opportunity.
The research management firm, Minnesota IMPLAN Group, did a study for the years 2010 – 2011. EB-5 spending in 2010 – 11 supported 28,000 jobs; contributed $2.2 billion to the US gross domestic product (GDP); accounted for $346,790,317 in federal taxes; $218,437,866 in state and local taxes. Twenty-four states took advantage of the program, including California, Florida, Michigan and Texas. EB-5 spending supports jobs in the following industries: Dairy, electric power and natural gas, construction, wineries, commercial, retail, transportation, warehousing and storage, motion picture and video, real estate, home healthcare, hospitals, amusement parks, hotels, food services and student housing.
The process takes more than two years (unless you belong to the “Clinton Gang). There will be screening by the FBI, CIA and other agencies to ensure that all participants are squeaky clean (unless you belong to the “Clinton Gang”). Remember, any foreigner in the world can apply with an American sponsor.
As the Dodd-Frank ruling hurts the potential for maximum traditional bank investing, we can use this to offset the decrease. The National Black Chamber of Commerce is going to promote this for our blighted Black communities. We are in the beginning stages of developing a prototype. The first two markets will be the San Francisco Bay Area and New Orleans. We see investors coming from all continents in the world. We envision projects bringing wealth to our entrepreneurs and vast jobs for our people.
But first we must ensure that the program will become permanent. If Congress does not make it permanent by September, it will go away. We hope that your congressional members will support HR 616 by Representative Amodei (R – NV) which will make the program last forever.
Harry C. Alford is the co-founder, President/CEO of the National Black Chamber of Commerce. Website: www.nationalbcc.org Email: halford@nationalbcc.org.
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Activism
Oakland Post Endorses Barbara Lee
Barbara Lee will be able to unify the city around Oakland’s critical budget and financial issues, since she will walk into the mayor’s office with the support of a super majority of seven city council members — enabling her to achieve much-needed consensus on moving Oakland into a successful future.

As we end the celebration of Women’s History Month in Oakland, we endorse Barbara Lee, a woman of demonstrated historical significance. In our opinion, she has the best chance of uniting the city and achieving our needs for affordable housing, public safety, and fiscal accountability.
As a former small business owner, Barbara Lee understands how to apply tools needed to revitalize Oakland’s downtown, uptown, and neighborhood businesses.
Barbara Lee will be able to unify the city around Oakland’s critical budget and financial issues, since she will walk into the mayor’s office with the support of a super majority of seven city council members — enabling her to achieve much-needed consensus on moving Oakland into a successful future.
It is notable that many of those who fought politically on both sides of the recent recall election battles have now laid down their weapons and become brothers and sisters in support of Barbara Lee. The Oakland Post is pleased to join them.
Activism
Actor, Philanthropist Blair Underwood Visits Bay Area, Kicks Off Literacy Program in ‘New Oakland’ Initiative
These community activations were coordinated with the San Francisco-based non-profit program “Room to Read.” Ray said he is also donating his time to read and take pictures with students to encourage their engagement and to inspire them to read more. The inspirational book “Clifford Ray Saves the Day” highlights Clifford Ray’s true story of saving a dolphin.

By Paul Cobb
New Oakland Series
Opinion Part 3
The Post mentioned three weeks ago that a number of our local luminaries were coming together to support the “New Oakland” movement. As this current national administration continues to eliminate our “legacy” institutional policies and programs left and right, most communities find themselves beyond “frozen” in fear.
Well, esteemed actor, long-time Bay Area supporter, and philanthropist Blair Underwood returned to Oakland this week to speak with city leaders, community trust agents, students, the Oakland Post, and local celebrities alike to continue his “New Oakland” initiative.
This week, he kicked off his “Guess Who’s Coming to Read” literacy program in some of Oakland’s middle schools. Clifford Ray, who played the center position of the 1975 World Champion Golden State Warriors, donated close to 1,000 books. Ray’s fellow teammate Charles “The Hopper” Dudley also gave Converse sneakers to students.
These community activations were coordinated with the San Francisco-based non-profit program “Room to Read.” Ray said he is also donating his time to read and take pictures with students to encourage their engagement and to inspire them to read more. The inspirational book “Clifford Ray Saves the Day” highlights Clifford Ray’s true story of saving a dolphin.
Underwood also spent quality time with the Oakland Ballers ownership group and visited the amazing Raimondi Park West Oakland community revitalization site. In the 1996 TV film Soul of the Game, Underwood played the role of the legendary first Black Major League Baseball player Jackie Robinson and commended the Ballers owners.
“This group of sports enthusiasts/ philanthropists needs to be applauded for their human capital investment and their financial capital investment,” Underwood said. “Truly putting their money and passion to work,” Underwood said.
Underwood was also inspired by mayoral candidate Barbara Lee’s open-minded invitation to bring public-private partnership opportunities to Oakland.
Underwood said he wants to “reinforce the importance of ‘collaborative activism’ among those most marginalized by non-empathic leadership. We must ‘act out’ our discomfort with passionate intentions to create healthy change.”
Activism
Councilmembers Ramachandran, Kaplan, Unger Identify Funds to Save Oakland Fire Stations
Our budget crisis – one of the worst in Oakland’s history – is compounded by the fact that people do not feel safe coming to Oakland due to our public safety crisis. By investing in our fundamental public safety resources today, we can send a signal to the world that Oakland is open for business. We have such a rich and vibrant culture, arts, and food scene that is worth celebrating – but we can only showcase this if we are able to keep our neighborhoods safe. Having fully functioning fire stations are absolutely essential to these efforts.

By Janani Ramachandran
There is no greater concern to the people of Oakland today than public safety. Fire stations are the bread and butter of essential city services – and every day that we have stations shuttered, we imperil the lives of our community members. In response to widespread outcry over the current and planned closure of stations, myself, along with Councilmembers Kaplan and Unger, have painstakingly worked to identify millions of dollars of new funding to save our stations. The legislation we introduced on Thursday, February 13th, will amend our budget to prevent the closure of four fire stations that are currently on the chopping block due to our budget crisis and will re-open two closed stations that have already been closed – Station 25 and 28 – in the near future. The resolution that will provide the funding to keep our stations open will go before the full City Council for a vote at our meeting on Tuesday, March 4th at 3:30 PM – and we invite you to join us at City Hall to share your perspective on the topic.
Our budget crisis – one of the worst in Oakland’s history – is compounded by the fact that people do not feel safe coming to Oakland due to our public safety crisis. By investing in our fundamental public safety resources today, we can send a signal to the world that Oakland is open for business. We have such a rich and vibrant culture, arts, and food scene that is worth celebrating – but we can only showcase this if we are able to keep our neighborhoods safe. Having fully functioning fire stations are absolutely essential to these efforts.
With the devastating Los Angeles fire at the top of people’s minds, terrible memories of Oakland’s own wildfires are re-surfacing from the 1991 Oakland Hills Firestorm to the Keller fire just a few months ago – and how essential fire stations are to mitigating these catastrophes. But in Oakland, our fire stations don’t just fight wildfires – they also provide emergency medical services to our most vulnerable constituents, put out structural fires and encampment fires, and much more.
We recognize that there are a number of competing interests and important initiatives fighting for sparse City resources. But from my perspective, core safety services are the most pivotal functions that a City must spend its resources on – especially given the outcry we have heard around fire stations.
The fight to save our stations is not over. The resolution we introduced is a critical first step, and there are hurdles to overcome. If you support keeping our fire stations open, we invite you to be a part of the solution by making your voice heard at the March 4th City Council meeting at 3:30 pm.
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