(Monday, 21 May 2018)
Washington DC: The board of directors of Invest in the USA (IIUSA) announced yesterday the departure of Peter D. Joseph as executive director of IIUSA – the national trade association for the EB-5 Regional Center Program.
Mr Joseph said, “I am proud of the ten plus years I have spent serving the EB-5 industry during my time as executive director. Together, we built a multi-billion dollar industry that supports hundreds of thousands of American jobs at a time our country needs it most. The organisation is well positioned with new ideas and leadership to achieve new heights. Working with our members has been an honour and a privilege for which I am eternally grateful. I look forward to seeing where IIUSA and the EB-5 community goes from here.”
“Peter has played an important role in the development of the organisation,” said IIUSA board president Bob Kraft of FirstPathway Partners. “We would like to thank him for his service and wish him the best of luck.”
Under his leadership, IIUSA grew to represent a vast majority of capital flowing through the EB-5 programme. As the industry’s leading membership organisation, IIUSA represents more than 260 federally designated EB-5 regional centres across the country, serving 47 states/territories.
“Our focus continues to be on advocating for policies that maximise the economic benefit to the communities where we work,” said Kraft.
Kraft continued, “Over the next few months, we will conduct a search to find a new executive director. During this transition period, it is our priority to find the best individual to lead our organisation and help deliver the legislative certainty needed to continue to create jobs and grow the economy.”
IIUSA is on solid footing and looks forward to continuing to serve its members with education, advocacy and international market development.
Founded in 2005, IIUSA is the national not-for-profit trade association for the EB-5 regional centre industry with a mission of advocacy, education, industry development, and research. The organisation represents more than 230 regional centres and 140 associate members, collectively representing big and small projects, urban and rural economic development, and industry sectors ranging from real estate and manufacturing to energy and infrastructure. IIUSA’s members are engines of economic growth and job creation, accounting for a vast majority of capital flowing through the programme. Learn more at IIUSA.org
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