Chinese investors making big bucks and green cards off Florida Charter Schools

Chinese Investing Big Bucks in Florida Charter Schools

From Crooks and Liars, By karoli

United States immigration laws met Florida charter schools, and it was love at first sight.
 Investment money is pouring into Florida
from wealthy Chinese who find that Florida has exactly what they are
looking for — and what they need to secure US green cards. 
Chinese
investors are taking advantage of the EB-5 investment visa program, the
so-called “green card via red carpet,” by putting millions into
Florida’s charter schools and an aquaculture farm in Central Florida. 
Under the EB-5 program, through
investments of at least $1 million — or $500,000 for “targeted
employment areas” — foreign nationals are able to obtain legal residency
in the US so long as the money they invest will help secure or create
at least 10 full-time jobs.
A group of Chinese investors have put
$30 million into the state’s charter school program to date and are
looking to invest three times that amount in the next year, Ilona Vega
Jaramillo, director of international business development for Enterprise
Florida, the state’s economic development arm, said in a US-China
roundtable discussion last week. 
She would not name any of the investors, citing confidentiality.
Not that this comes as much of a surprise, but do we really want Chinese
investors owning our children’s education system? Republicans certainly
don’t, which is why they’ll make sure their little darlings land in
church schools after they voucherize the entire system.

Just remember where this scheme originated and who the governor was when
you hear Republicans whining about the Chinese owning all our debt. I
see Rick Scott has his priorities in the usual place — his bank
account.

http://crooksandliars.com/karoli/chinese-investing-big-bucks-florida-charter

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