News
More on Shovel Ready and Exemplars
In my last newsletter, I wrote about the section in the proposed regional center (“RC”) extension bill, S. 1501, that permits filing an exemplar application to lock in the $500,000 investment amount and TEA. It is unclear under S. 1501 whether the project must be “shovel ready” for an exemplar. S....
Shovel Ready
SHOVEL READY The Leahy-Grassley EB-5 Regional Center (“RC”) extension bill S. 1501 permits (if enacted as drafted) filing an exemplar 924/526 before September 30 (when the current statute expires). In doing so, the RC will lock in for a project the $500,000 instead of the new bill’s $800,000 minimum investment amount,...
The Surge Has Begun
THE SURGE HAS BEGUN With news that the EB-5 investment amount in a TEA will increase to $800,000 and elsewhere to $1,200,000, many investors are now wanting to file I-526 applications with the current $500,000 minimum investment amount. Similarly, regional centers are moving forward with exemplar applications for their projects to lock...
USCIS Stakeholder Call
USCIS will hold a stakeholder call on Thursday, June 4, from 1 to 2:15 p.m. (Eastern). The topic of discussion will be project expenses that are includable (or excludable) for purposes of estimating job creation. A USCIS economist will make a short presentation and USCIS says they will answer non-case specific...