Dr. Penbera has been working in the EB-5 field since 1998 and has guided the work establishing EB-5 regional investment centers in Hawaii, California, Texas, and Florida. Dr. Penbera has a distinguished record in both the public and private sector, and as a university professor and executive.
He was appointed Senior Fulbright Scholar in Economics, one of the highest scholarly honors in the U.S., and has been identified as “one of the top economists in the nation” by Knight Kiplinger, editor/publisher of The Kiplinger Magazine, the oldest business publication in the U.S. In 2017 he was recognized as one the foremost economists in the world by the Invest in the U.S. Summit held in Shenzhen China. He is a recipient of the Paul Harris Medal awarded for outstanding public service, and the ORMASZ Medal for his work on behalf of Poland during its transition to a private enterprise economic system. He has been recognized as a financial expert under NYSE/SEC guidelines, and is a member of the Financial Executives Institute, and the National Association of Forensic Economists.
Dr Penbera began his professional career in the agro-industrial sector, At age 26, he was appointed Director of the International Programs Department of the U.S. Department of Agriculture Graduate School in Washington, D.C. and lead the Project Management programs funded by the USAID, The World Bank, and other international agencies which focused on Vietnam, Mexico, India, Bangladesh, and east and West Africa. As a result of his doctoral training in technology management and an association with think-tank leadership and forecast methods, his appointment was expanded to include directing the Technology Forecasting and Futures Programs serving NASA, NSF, and other federal agencies, Subsequently, he worked in Brazil under the sponsorship of the Planning Secretariat leading training programs which trained business leaders in modern management methods.
Dr. Penbera has engaged in pioneering work related to digital age technologies. As Dean of the Franklin School of Business and Public Administration, he designed the CSP project funded by the Cleveland Foundation, Apple and IBM and held at the U. of Waterloo which trained university business school faculty in the integration of new computer related technology into the curriculum. Dr. Penbera authored one of the first referred journal articles on the “Economics of E-Commerce” and one of the first comprehensive analysis of director responsibilities in Standard and Poor 500 companies, (published by MIT/Sloan), and co-authored a Bookwatch Bestseller which for many years served as the seminal resource for business researchers.
He has also worked as a consultant to many government entities, The White House Consortium of U.S. Cabinet-Level Agencies, on a variety of issues and was the keynote speaker celebrating the 25th anniversary of the Federal Executives Institute. His work in the private sector includes serving as a director and Chairman of the Audit Committee of companies that are leaders in their field, including Rug Doctor (the largest cleaning machine manufacturer in the U.S. and now owned by American Capital (ACAS-NASDAQ), and Vendo (VEN-NYSE) the largest vending machine company in the U.S. and now part of Sanden of Japan. He has also served as Senior Economist to five banks, including California Bank & Trust, and Westamerica.
Dr. Penbera recent work experience includes serving as Dean and Professor of The Craig School of Business, and leading the school’s successful building construction, naming endowment, overseas expansion, and advanced technology initiatives. He was appointed as Eaton Fellow of Economics in the Futures Institute, and in 2019, he completed the early retirement program.
For more than thirty years, Dr. Penbera has served as Chairman of PenberaParis, LLC, a consulting firm which specializes in providing a complete set of services related to all components of the EB-5 Project Exemplar Applications and Regional Investment Center designation processes. This work has helped hundreds of petitioners and their families make a successful transition to the U.S, via approval of I-526 petitions, encompassed projects which have deployed more than $3 billion in total capital investment, and led to the creation of more than 25,000 jobs. He has also provided hundreds of Professional Opinion Letters relating to I-526 and I-829 applications for investors from all over the world, including China, Europe, Latin America, Asia, North America, and the Middle East. Dr. Penbera has been invited to Washington to meet with principals of the USCIS and Members of the U.S. Congress on EB-5 matters.
Dr. Penbera has had a lifelong commitment to promoting best practices in all endeavors. He was a member of the FEI Task Force which produced guidelines for implementing good governance practices under the landmark Sarbanes Oxley Act. These endeavors seek out opportunities to help people succeed, projects which are financially successful, and ways to contribute to health of communities and the planet. To this end, virtually all EB-5 projects have involved innovative, environmentally friendly technologies and/or methods and have been located in targeted employment areas. Dr. Penbera has served on many community boards, including as a founding member of the San Joaquin River Parkway. He has also been a contributor to the Rural Alliance.