Rounds Lone Candidate Supporting EB-5 Program

Rounds Official Photo

 

SIOUX FALLS, S.D. (AP) – Former Gov. Mike Rounds is the lone U.S. Senate candidate in support of the EB-5 immigrant investor visa program.

The program encourages foreign investment in exchange for qualifications to secure permanent residency. South Dakota put its use of the program on hold after funding of a failed beef plant came under investigation.

Rounds says South Dakota used the EB-5 program successfully to help launch a turkey plant in Huron, a casino in Deadwood and several dairies.

Democratic candidate Rick Weiland says allowing rich investors to jump to the front of the immigration line is not right.

Rounds, Weiland and independents Larry Pressler and Gordon Howie are seeking retiring Democratic U.S. Sen. Tim Johnson’s seat.


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