4/13/2013

"Terry McAuliffe's Solyndra"

Is this how Democratic politicians such as Terry McAuliffe want to fund businesses?  This looks like an amazingly bad decision for someone who wants to run for a high profile position such as governor.  Presumably this type of stepping over the line behavior should really damage McAuliffe in his race to be Virginia's governor this year.  From the WSJ:
. . . Virginia was particularly alarmed by GreenTech's use of an opaque visa program, called EB-5, to fund itself. Part of a 1990 immigration law, EB-5 lets foreigners who invest at least $500,000 in a U.S. company receive green cards. A federal immigration agency approves "regional centers" that administer the program. 
While these centers can be run by local government, GreenTech proposed running a Virginia center itself. One official at the Virginia development agency wrote to colleagues that she couldn't view Greentech's EB-5 program as "anything other than a visa-for-sale scheme with potential national security implications." . . .

Labels:

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home