Every week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.
This week’s articles begin with big immigration news with the extension of the EB-5 program, then move on to more dire news about the impact of the failing Canadian dollar on the United States, and finally wrap up with an announcement.
Congress Extends Popular EB-5 Program (But Not For Long) (www.bisnow.com) – After months of build-up and questions, the US Congress passed an extension of the EB-5 program through Dec. 11. The EB-5 community has been in a hubbub for months, wondering if the program would expire, although Congress never really made it seem like they would pull the plug on the wildly popular program. But now that the extension’s official, EB-5 supporters are excited. Wright Johnson president Aaron Goforth tells Bisnow the EB-5 program is a great mechanism to finance projects, especially for mezzanine or gap funding, “while creating American jobs at zero cost to the taxpayer.” Aaron says the program is a win-win “so long as the requisite 10 permanent jobs are created…
U.S. sunbelt feeling chill from low loonie (www.theglobeandmail.com) – The American sunbelt is expected to feel a chill this winter from Canada’s weakened economy and a loonie that’s lost more than a quarter of its value in the past couple of years. Overnight cross-border travel was down about 9 per cent in the first nine months of the year over the same period last year, but more Canadians are likely thinking twice about forays to top destinations in Florida, Arizona, California and Texas this winter given the Canadian dollar is expected to drop even further.
Canada Week 2016 (www.keatsconnelly.com) – Canada week 2016 will soon be here. The activities begin on Sunday, February 6, 2016 with the 64th Annual Great Canadian Picnic. Activities will continue through Sunday, February 14, 2016. The week includes the annual Canada Week Bonspiel and the Canada Week Golf Tournament, as well as the Canadian Snowbird Extravaganza and Coyotes hockey with the Canucks and the Flames..
There will be no Cross-Border Weekly Best of the Web for the next two weeks. Join us as we return after the Holidays on January 8, 2016.