Former Miami Democratic Rep. Joe Garcia has taken on a job as senior vice president of QueensFort Capital, a Miami Beach-based merchant and investment bank.
The ex-congressman told the Miami Herald he will work to expand investment opportunities through federal government's EB-5 visa program, which requires investors to put up big money -- at least $1 million, or $500,000 in high-unemployment areas -- in exchange for a two-year U.S. residency green card for themselves and their immediate family. If the investments succeed and create at least 10 U.S. jobs, investors gain permanent residency plus dividends.
None of the work will involve Cuba, said Garcia, a Cuban American who had been the only South Florida member of Congress advocating for greater engagement with the island before he lost reelection to Republican Carlos Curbelo in November. Still, he was surprised by the extent of President Obama's new Cuba policy, Garcia said Tuesday.
"I think the administration probably went a little bit further that I had assumed it would," he said.
He compared trying to bring about political change in Cuba to changing "a religion, not a policy" ingrained on the island for more than half a century: "The idea that this is going to be easy is nonsense."
"I think this could all be solved if Cuban Americans and Cubans were speaking," he said. "If the Cuba government was wise, it would reach out to leaders and opinion makers in South Florida to create some sort of rapprochement that benefits the U.S. and Cuba."
And if Obama wants a long-term change that outlasts his administration, then his government also has to reach out to Cuban Americans sidelined from the new policy, he added.
As for talk that Garcia might challenge Miami-Dade County Mayor Carlos Gimenez next year, the former congressman brushed off the rumors.
"I am not running for any public office," he said.