PEDA - Pennsylvania Economic Development Association

EB-5 and Local Economic Development

  • 05/11/2016
  • 9:30 AM - 11:00 AM
  • Webinar


Registration is closed


EB-5 and Local Economic Development 

Click here to download the registration brochure.


The U.S. Economy today faces unrelenting challenges with local demands and international competitive pressures. While the recession may be behind us, access to capital remains a crucial need for local economic development projects.  The EB-5 Immigrant investor program can help fill a variety of capital funding gaps and as such has become a source of funding for real estate development and infrastructure projects.  The EB-5 program helps stimulate the economy through job creation and capital investment by foreign investors. It establishes a path to permanent residency for up to 10,000 immigrants (plus their immediate family members) annually who invest a minimum of $500,000 in an existing or new business in the United States and create or preserve at least ten jobs.  EB-5 program has generated nearly $15 billion in foreign direct investment, creating thousands of jobs and long lasting infrastructure for communities at no cost to the taxpayer.

On May 11th 2016, join Econsult Solutions Director Daniel Miles as he explains the drivers of this unique financing opportunity. He will analyze the economics behind successful EB-5 applications, how to use EB-5 in conjunction with other funds and why it is critical to find the right investment partner. Dr. Miles will also discuss how the program has been used since it started and the criticisms it has received. His presentation will be illustrated with local success stories and insights on the impact of the program in Pennsylvania. 


Daniel Miles is a Director at Econsult Solutions, Inc. (ESI). At ESI, Dr. Miles leads economic analysis projects across a variety of sectors and industries. Dr. Miles is also ESI's lead EB-5 economist.

Prior to joining ESI, Dr. Miles was a Senior Economist in the New York office of Oxford Economics where he led a multinational team of economists based in New York, Belfast and London. His projects included estimating the economic impacts of laser fusion energy and the size and impacts of the Longevity Economy, analyzing the public/private partnership (PPP) policies of several Asian countries and developing a cigarette market and excise tax forecasting model of the Philippines. At Oxford Economics Daniel also worked closely with the Thought Leadership team where he was the lead economist on a wide range of projects, including estimating the economic impacts of mobility, data analytics and transformations in the manufacturing sector.

From 2008 to 2011, Daniel was an Associate at Econsult Corporation. During his time at the firm, Daniel contributed to a number of studies, including evaluating the financial feasibility and economic impact of using tolls to finance transportation infrastructure improvements, the preparation of an economic development plan for an older industrial city, estimating the economic value of permanently preserved open space, modeling the impact of changes in Philadelphia’s business tax system, and estimating the economic impact of changes in stormwater billing methods of a major US city.

In 2011, Dr. Miles received his Ph.D. in Public Policy with a concentration in Economics from the University of Maryland, Baltimore County (UMBC) where his dissertation was focused in the area of land use economics. At UMBC, Daniel was supported by a prestigious National Science Foundation (NSF) IGERT Fellowship through the Center for Urban Environmental Research and Education (CUERE). Dr. Miles also received his Masters in Public Policy in Environmental Policy and a Certificate in Ecological Economics from the University of Maryland School Of Public Policy. Daniel earned his Bachelors in Political Science and Economics with honors from the University of Scranton.

Attention Certified Providers: This course is approved to provide 1.5 organizational PDUs (Finance) as explained in the Guidelines for Certification of Economic Development Organizations issued by the Pennsylvania Department of Community and Economic Development and in the Institute’s Policies and Procedures.

*Note: We reserve the right to reschedule or cancel this offering.  In the event of a cancellation, a refund will be provided to registrants.

This webinar is priced for participation by one individual.  Additional interested parties should register separately.

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