Letter From the Editor
DEAR READERS:
This edition of the Regional Center Business Journal highlights the collective achievements of EB-5 program stakeholders who are facilitating worthy EB-5 investments throughout the U.S. economy. IIUSA advocacy efforts, such as the successful EB-5 Regional Economic Development Advocacy Conference in May, continue to showcase the fact that EB-5 capital is becoming an indispensable economic development tool for communities all around the country.
EB-5 practitioners will savor many of the timely articles in this edition that will help keep one ahead of the curve in this fast-evolving industry. The nuts-and-bolts treatment of updated Bureau of Labor Statistics data and the American Community Survey is essential to anticipating “targeted employment area” determinations, just as the overview of escrow account rules applicable to broker-dealer represented offerings cannot be ignored. The New Market Tax Credits article is not only expert but reminds us to consider the intriguing implications of the EB-5 and NMTC programs as occupants of the same space. Thanks, again, to IIUSA’s persistent FOIA efforts, we feature the trends in Regional Center approvals as gleaned from hundreds of just-released USCIS approval letters. And as late-breaking news, this edition spotlights the just-approved IIUSA Code of Ethics and Standards of Professional Conduct, and how to lodge an ethics complaint with IIUSA. The Code and Standards represent the latest effort in IIUSA’s steady commitment to “self-regulation.”
The variety and complexity of topics in this edition underscore how fortunate we are to witness the evolution of a capital market that delivers tangible results and holds even greater potential for our local and national economies.
Lincoln Stone
Chair of the Editorial Committee, IIUSA
