Five Things We Learned from the State Department’s Presentation at IIUSA Leadership Summit

10.12.23 | Research & Analysis |

Close-up of a US visa sticker.
Last week, Dr. Michael Hanley, a Data Scientist from the Immigrant Visa Control and Reporting Division at the U.S. Department of State, presented at IIUSA’s 2023 Leadership Summit in Washington, DC.  During the event, he shared the latest data on EB-5 visa usage and provided critical policy updates related to EB-5 visa processing. IIUSA would like to extend our special thanks to Dr. Hanley and the Department of State for their continued engagement with the EB-5 industry. 

 

Here are the five most important data points and policy updates that we learned from Dr. Hanley’s presentation at the Leadership Summit:

  • FY2023 EB-5 visa issuances is expected to reach the highest level since FY2018.
  • It is anticipated that more than 14,000 EB-5 visas will be available for the unreserved category in FY2024.
  • The State Department expects to see reserved EB-5 visas being utilized in FY2024.
  • Carryover visa numbers will be used before the “regular” EB-5 visa numbers.
  • A final determination is being made as to if EB-5 applicants will be required to select a set-aside category for their EB-5 visas when they reach the visa stage at the National Visa Center.

 

We are pleased to offer all members of IIUSA an in-depth report on Dr. Hanley’s presentation which can be viewed in your member portal account by following the button below. Trouble logging in? Email us at [email protected]

 

 
Not a Member? Join IIUSA Today

In addition to a variety of valuable benefits such as participating in global events and impactful networking opportunities, IIUSA also provides its members with the most relevant and up-to-date data resources, keeping members informed of the latest development and trends of the EB-5 industry. 

 
Among other benefits, IIUSA members exclusively enjoy the following IIUSA data resources:
  • Members-Only Data Reports: IIUSA offers its members specialized and focused data reports on some of the industry’s most notable subjects. These easy-to-read reports include data on topics such as USCIS adjudication statistics, visa usage and backlog, policy analyses, EB-5 form statistics, and more.
  • EB-5 Investor Market Data Portal: The EB-5 Investor Market Data Portal provides our members with access to the association’s extensive data and industry intelligence on all EB-5 investor markets around the globe. The EB-5 Investor Market Data Portal features information on country-specific I-526 processing times, average I-526 approval rates, I-526 filings by quarter, and more. 
 
With the support of IIUSA members, we are also proud to provide the public with valuable data features, including:
  • IIUSA EB-5 TEA Mapping Tool: One of the most popular of IIUSA’s data offerings is the TEA Mapping Tool. The TEA Mapping Tool features in-depth TEA data with an easy-to-use interface, enabling users to check the TEA qualification for every address in the nation. 
  • EB-5 Visa Data Dashboard: This comprehensive data tool provides a wealth of information on EB-5 visa usage, including historical trends, current monthly visa issuance statistics by country as well as by Consular Offices, and other insightful data analysis.
  • Form I-526 Data Dashboard: Based on the quarterly statistics published by USCIS, this interactive dashboard brings key data points and trends of Form I-526 to your fingertips. Learn about the latest estimated amount of EB-5 investment inflows to the U.S. economy, the demand for EB-5 immigrant investment, the productivity of adjudicating I-526 cases at USCIS, and the average approval rates of I-526 petitions.

 

For more information about IIUSA membership, please email [email protected] or call (202) 795-9667.

 

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