About US Territory EB5 Initiative
Our Vision To Reduce U.S. Territory Bond Debt
In 2022, the creative team presented the U.S. Territory EB5 - Economic Development Initiative to the U.S. Virgin Islands (USVI).
The meeting was arranged by Peter Chapman, RT Park, and our creative team (Friedman, Piercy, Jennings). David Bornn represented the USVI.
Original Concept 2022:
- Sell EB5 green cards to pay off Territory debt.
- Pay off the municipal bond debt $ 2.0 billion.
- Pay off the GERS underfunded pension debt $ 4.0 billion.
- Relocate 500 companies to St. Croix, $ 400.0 million in SPENDING via company relocations.
2022 USVI Government: U.S. Virgin Islands declined to endorse the concept. David Bornn felt the concept was too difficult and the administration would not approve it.
2025 Concept Validation: In March of 2025, President Trump implemented the GOLD CARD initiative to pay down the U.S. Federal debt, which validated our original concept (U.S. Territory bond debt payoff via selling EB5 green cards). Mr. Trump simply approved the project and skipped Congress.
2025 Next Step: Building on President Trump's new program, the creative team updated the concept and reintroduced the initiative to USVI, Puerto Rico, Guam, American Samoa, and CNMI.
Thank you, Mr. Trump, Mr. Paulson, and Mr. Lutnick...GREAT IDEA!