News
EB-5 Regional Center Due Diligence
In light of the SEC fraud complaint against the Intercontinental Regional Center Trust of Chicago (IRCTC) and its owner, people are asking me how to evaluate a regional center (RC) and conduct due diligence. This consists of two types of analysis. The first type concerns the economic risk of inadequate...
Q & A
Q: If a regional center’s designation by USCIS only includes the economic model IMPLAN, must the regional center ask USCIS to amend its designation if the regional center wishes to use RIMS II on its next project? A: USCIS’s March 2011 PowerPoint and its executive summary of the January 2012 EB-5 stakeholder’s meeting...
EB-5 News
The new year is starting out with some exciting news from the last few days of 2012. Press On December 30, the New York Times ran a prominent article about Jay Peak’s EB-5 program. This article was one of the most emailed articles on its website. The link to this excellent, positive article ishttp://www.nytimes.com/2012/12/31/us/31vermont.html?_r=0. New...
More EB-5 News
USCIS Director Mayorkas has announced that Robert Cox, a former immigration lawyer, will be the new, interim EB-5 program director when the program moves to Washington D.C. We will see if this new director and the relocation of the EB-5 unit will make a difference in the flow of information,...
USCIS EB-5 Meeting
On December 3, 2012, I attended the USCIS “Conversation with Director Mayorkas” meeting in Washington, D.C. on the EB-5 immigrant investor program. Here is a brief summary of the highlights: Tenant occupancy memo I asked Director Mayorkas if there had been a recent change in the USCIS policy on accepting tenant job...