An Influx in Chinese Investments in the US Results in More Jobs
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A former executive at U.S. Advisors, Kevin Fitzgerald oversees Global Capital Advisors as its CEO. Through Global Capital Advisors, Kevin Fitzgerald helps Chinese nationals locate immigrant investment opportunities in the United States.
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An Influx in Chinese Investments in the US Results in More Jobs
- 1. Kevin Fitzgerald, U.S. Advisors
- 2. A former executive at U.S. Advisors, Kevin Fitzgerald oversees Global Capital Advisors as its CEO. Through Global Capital Advisors, Kevin Fitzgerald helps Chinese nationals locate immigrant investment opportunities in the United States. In recent years, an influx of investment funding in American businesses has come from China. From 2000 to 2013, Chinese investments grew exponentially, soaring from $58 million to $14 billion. The same traction was seen in EB-5 visa filings. In 2014 alone, 85 percent of applicants filing for conditional permanent residence in the United States through the EB-5 visa program were from China.
- 3. The reason for growth weighs heavily on Chinese investors’ perception that the U.S. market is safer. Specifically, the real estate market is a draw. In analyzing the growth of Chinese investments stateside, the president of the National Committee on US-China Relations released a statement with CNBC. He addressed the positive impacts of Chinese interest in American-based businesses, which has created approximately 75,000 jobs. With billions of dollars in contracts from Chinese investors that employ a predominantly American workforce, he anticipates the number to grow into the hundreds of thousands in the coming years.