Invest in a Broadway show and get your green card.
Have you heard of the EB-5 visa?
You can read the legal definition from the US Citizen and Immigration Service’s website here, but in a nutshell it’s this:
Invest $1,000,000 in a new commercial enterprise that creates at least 10 jobs, and the US Government will give you a green card.
Yeah. You heard it right . . . you can buy your green card if you can put 7 figures in a new US job-creating business.
And aren’t there about 20 or so of those every year on Broadway??? (Sorry, non-profs – the rule is for commercial enterprises only – we’ve actually got an advantage over you for this one!)
This has been a very popular way for the wealthy of the world to obtain legal US status since the EB-5 was enacted in 1990. But, I haven’t heard this used for a Broadway show as of yet.
But it should be.
Certainly there are uber-wealthy individuals out there that would like to invest in a Broadway show and get opening night tickets, a shot at a Tony Award . . . and a green card. Right?
We just have to make them aware of it . . . which means Broadway Producers getting out overseas to investment conferences, meeting with family investment offices, etc.
Oh, and get this . . . apparently, the EB-5 has been such a win-win for both sides that, according to this HuffPo article, the US Senate is looking at another visa with lower investment thresholds! In the EB-6, a foreign national would only have to invest $100k in a business that generates at least three jobs (the catch is that the visa would be limited to three years residency in the US).
Our politicians see this visa as a way to reduce unemployment and revive our economy.
I see it as a way for us to revitalize Broadway.
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