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https://www.nationalreview.com/2020/08/montana-governor-steve-bullock-solitics-chinese-investment-in-state/
Why Was Governor Steve Bullock Soliciting Chinese Investment in Montana?
In a mysterious video, Bullock sings the state's praises to Chinese investors. It appears connected to the EB-5 visa program, though his campaign denies it.
‘When you invest in Montana, you have the full support of the state,” Governor Steve Bullock says at the conclusion of a video soliciting Chinese investment in the Treasure State.
The circumstances surrounding the video, which was recently provided to National Review, remain unclear. Though Bullock’s gubernatorial office claims it was made to be presented to a 2015 trade delegation of Chinese companies considering purchasing Montana’s exports, his spokeswoman was unable to provide any documentation proving that was the case.
National Review was, however, able to locate a copy of the video on Ixigua, a Chinese platform that resembles YouTube. The video on Ixigua carries a caption that suggests the video is part of an effort to solicit investment in Montana through the EB-5 visa program, which promises wealthy foreign nationals permanent residency in the U.S. in exchange for a minimum $500,000 investment in an American development project that’s been sponsored by a “regional center” — a legal entity approved by the U.S. Customs and Immigration Services (USCIS). “The Governor of Montana kindly invites you to participate in this ‘free schedule’ EB-5 project,” the caption says.
Bullock’s office says the video was never used to solicit EB-5 investment in Montana. But it appears to have been uploaded to Ixigua in July 2017 by a firm called “Zhaolong Immigration,” which advertises itself as “an immigration agency specializing in providing overseas investment immigration and overseas real estate immigration services.” And the description that accompanies the upload reads:
In July, Zhaolong released the Big Sky luxury hotel EB-5 project in Big Sky Montana, USA. The project is adjacent to Yellowstone National Park and the top clubhouse, the Yellowstone Club. ‘Visa Reservation’ Places, to avoid the long waiting period, get the green card early to repay [sic].
Pitched as a way to bring jobs to struggling rural areas, the EB-5 program has predominantly been utilized by developers in major cities since its inception as part of the Immigration Act of 1990. The program has faced bipartisan criticism, most notably from Senators Dianne Feinstein of California and Chuck Grassley of Iowa, both for failing to deliver capital and jobs to rural areas as promised and for facilitating rampant immigration and financial fraud.
Bullock, who is currently running for the Senate against incumbent Republican Steve Daines, has not discussed the EB-5 program at length in public, but he did suggest expanding the pool of foreign nationals eligible to participate during his failed 2020 presidential run. As part of his “A Fair Shot for Rural America” platform, Bullock proposed lowering the minimum investment threshold for participation in the program from $500,000 to $350,000 in cases where the money flowed to specially designated areas with high unemployment, and the investors agreed to live in those areas for ten years.
When reached for comment, Bullock’s campaign presented the proposal as a reform designed to reorient the “flawed” program to its original stated purpose: directing capital to struggling rural areas.
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