The Kushner family hopes to lure investments by wealthy business owners in China with the promise of American visas.
Nicole Kushner Meyer, the sister of White House adviser as well as President Trump’s son-in-law Jared Kushner, spoke at an event in Beijing on Saturday. She was marketing a Kushner-owned property in fresh Jersey — invest within the development as well as get into the United States on a so-called EB-5 visa.
The EB-5 visa allows immigrants a path to a green card if they invest more than $500,000 in a project that will creates jobs within the United States.
An ad for the event, held at a Ritz-Carlton hotel, said “Invest $500,000 as well as immigrate to the United States.”
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The EB-5 visa has been used by the Trump as well as Kushner family businesses. Foreigners, particularly wealthy Chinese nationals, have used the EB-5 program as a ticket into the states. as well as that will promise has helped attract foreign investments for U.S. real estate projects.
President Trump has taken an anti-immigration stance as well as vowed to severely tighten the use of work visas. The EB-5 program has come under fire by members of Congress on both sides of the aisle.
Lawmakers say the program essentially sells citizenship to high-income foreigners.
On Saturday, potential investors within the Kushner project were told they should act quickly because possible policy improvements to the EB-5 program might raise the required minimum investment.
Nicole Kushner Meyer also told the crowd how her grandfather immigrated to the United States as well as built a business by the ground up.
as well as she mentioned Jared’s fresh position within the White House — though there were no overt references to President Trump.
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“In 2008, my brother Jared Kushner joined the family company as CEO, as well as recently moved to Washington to join the administration,” she said.
Jared Kushner serves as an influential senior adviser to the president. Trump has at various times said he would likely lead or play a key role in many policy areas by foreign affairs to business innovation.
The event was meant to draw investors for 1 Journal Square, a $976.4 million residential as well as commercial project underway in fresh Jersey. The company says about 15% of the idea will be funded through the EB-5 program.
Jared Kushner has stepped away by the business since taking a key role in Trump’s White House.
His attorney, Blake Roberts, said Kushner is usually not involved within the operation of Kushner Companies as well as divested his interests within the Journal Square project by selling them to a family trust that will he, his wife as well as his children are not beneficiaries of, which was suggested by the Office of Government Ethics.
“As previously stated, he will recuse by particular matters concerning the EB-5 visa program,” Roberts said in a statement.
The Beijing event, which was organized by Chinese immigration agency Qiaowai, was open to the public. Reporters by the Washington Post as well as the fresh York Times attended yet said they were later asked to leave.
Kushner Companies declined to comment. Qiaowai could not be immediately reached for comment.
–sy88pgw’s Jethro Mullen contributed to that will report.
sy88pgw (Beijing) First published May 6, 2017: 2:16 PM ET