Jul
20

Save the Date! The EB-5 Industry is Coming to LA this October 10-11

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Join the Discussion on the Future of the EB-5 Program in LA this October!


IIUSA Seal 2015 (jpeg) 360 x 360Invest in the USA (IIUSA), the EB-5 industry not-for-profit trade association, cordially invites you to join us in Los Angeles, CA from October 10-11, 2016 for the 6th Annual EB-5 Industry Forum.

Attended by international investment and economic development professionals from around the world, the EB-5 Industry Forum is the year’s premier EB-5 conference focusing on educational and business development on a global scale.

The brand-new Luskin Conference Center on the campus of UCLA in Westwood will be the location for this important event featuring panels on legislative and regulatory activities that will shape the future of the EB-5 Program.

luskin

UCLA Meyer and Renee Luskin Conference Center, the host venue for IIUSA’s 6th Annual EB-5 Industry Forum features 254 guest rooms and more than 25000 square feet of versatile and thoughtfully-planned event space. Room reservations at the Luskin Center at the group rate of $275 will be available on July 22nd.    

The two-day conference features:

  • General Session/Breakout Panels on EB-5’s Hottest Topics: Hear from your industry peers on the topics including EB-5 legislation and regulatory reform, Program integrity, visa capacity and much more! Day one of the conference will feature two half-day sessions on the “in’s and out’s” of the EB-5 Program as well as in-depth training on due diligence for EB-5 practitioners.
  • Business Development Opportunities: Network with hundreds of global EB-5 stakeholders over multiple days at the industry’s cornerstone business development event! Sponsorship & exhibiting opportunities are available (see below).
  • Association and Industry Meetings: All IIUSA members are invited to listen in on committee meetings taking place on Monday 10/10. Committees include: Association Building, Banking, Best Practices, Budget and Finance, Compliance, Editorial, Investor Markets, Membership, Nominations, Public Policy, Public Relations and Technology.

EB-5 Industry Forum: Overview & Registration

Space at this year’s EB-5 Industry Forum is limited so purchase your tickets today!

In addition, Continuing Legal Education (CLE) credits are available to conference attendees!

Interested in speaking at this year’s conference? Have a good topic for panel discussion? Then use this form to submit your suggestions (only IIUSA members are eligible).

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Price

Register Now! 

*Early bird rate valid through August 15, 2016. All purchases are final, non-refundable and non-transferable.

**Room reservations at the Luskin Center at the group rate of $275 will be available on July 22nd.**


Are you Interested in Sponsoring the EB-5 Forum?

Sponsoring IIUSA conferences are an excellent way to reach hundreds of EB-5 stakeholders including attorneys, regional centers and migration agents and attach your brand to the industry leading trade association.

Aside from 23 exhibit booths, IIUSA also offers a number of non-exhibiting sponsorship opportunities that provide ample visibility and value.

Got other ideas on sponsorships? We want to hear from you! IIUSA stands ready to work with all sponsors to ensure you get real value from sponsoring the Forum.

Sponsorship Guide Graphic

With questions, please contact Allen Wolff (allen.wolff@iiusa.org) or McKenzie Penton (mckenzie.penton@iiusa.org)

Thank You Sponsors

PG

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Jul
15

U.S. Department of State Issues August Visa Bulletin Cutoff Date Remains Unchanged for Mainland China

The U.S. Department of State – Bureau of Consular Affairs released its Visa Bulletin for the month of August 2016 (View PDF). The bulletin revealed a cutoff date of February 15, 2014 for Mainland-China born visa applicants. For the second month in a row the cutoff date has  remained unchanged.

As of August 1, Chinese investors who filed their I-526 petitions before February 15, 2014 will be eligible to schedule interviews with Department of State Consular offices and be issued conditional immigration visas to enter the U.S. or apply for adjustment of status if they are already in the U.S.

Action dates for other countries remain current, allowing qualified applicants from other parts of the world to move forward with obtaining their EB-5 visa.

United States Department of State Bureau of Consular Affairs August 2016 Visa Bulletin

Visa Bulletin

Jul
12

Contact Your Legislators with Joint Industry Letter on Reauthorization and Reform of the EB-5 Regional Center Program

IIUSA Seal 2015 (png)Make the Voice of EB-5 Heard: Send Joint Industry Letter to Your Congressman and Senators

As Congress heads back home for summer recess, it is a critical time for the EB-5 Regional Center industry to engage in grassroots advocacy to succeed in reauthorization of the EB-5 Regional Center Program (the “Program”).

Last week, IIUSA joined with other leading EB-5 industry stakeholders in sending a letter to Congress urging for long-term reauthorization and responsible reform to the EB-5 Regional Center Program. The letter, available here, is the result of an important consensus-building strategy by IIUSA, the U.S. Chamber of Commerce, Real Estate Roundtable, EB-5 Immigration Coalition and American Immigration Lawyers Association (AILA), the leading industry advocacy and trade organizations, to speak with one voice to Congress and show them we are prepared for serious and constructive negotiations to extend and improve the Program.

Members of Congress respond best and are more likely to act when they hear from the people who elect them to office– you, their constituents. We need you to carry this important message of unified support directly to your elected officials in Congress and let them know how important this issue is to you and their district/state. Please take 3 minutes of your time to send messages to your Congressman and two Senators urging them to strongly support reauthorization o the EB-5 Regional Center Program ahead of its sunset date of September 30. If you live and work in different Congressional districts, be sure to send the letter to both representatives.

To find your elected officials and send them a message, click here. Please note that you cannot include attachments in emails to Congress, so be sure to include the link to the letter on IIUSA’s website by using this link.

Additionally, below is some sample language to include with the email when writing your legislators. If you have any questions, do not hesitate to reach out to IIUSA at advocacy@iiusa.org.

Again, it is crucial that members of Congress understand the urgency to which the Program must be reauthorized ahead of September 30 as well as the importance of this joint industry letter. Use the summer recess (beginning later this week) to communicate with your legislators and do your part to ensure the Program secures no lapse, long-term reauthorization and responsible reform.

Sincerely,

Peter

 

 

Peter D. Joseph
Executive Director


SAMPLE EMAIL TO CONGRESS:

Subject: Support Reauthorization of the EB-5 Regional Center Program

Dear ________ :

I write to offer my strong support for the reauthorization of the EB-5 Regional Center Program, which Congress must reauthorize, and not allow to lapse, prior to its scheduled sunset date of September 30, 2016.

A joint letter from the leading industry trade and advocacy organizations is available here: https://goo.gl/7nvKQv, which broadly represent the EB-5 industry. I share the view that the EB-5 Regional Center Program must be reauthorized and not allowed to lapse. I also share the view that reforms to the program must be effective and fair, and designed to encourage continued direct foreign investment in American communities, which annually creates tens of thousands of American jobs at no cost to the taxpayer.

As an [EB-5 stakeholder], I have raised $XXX through the Program that has been put to use to develop [project description] in [your state/district]. Since the economic recession hit in 2008, the EB-5 Program has allowed me to complete economic development projects that are creating local jobs and economic activity. As my elected representative, I hope that you will strongly support reauthorization of the Program, and that you will work to ensure that any reforms to the Program will not diminish the economic potential of the program but rather make it more viable and sustainable for the long-term. I would welcome the chance to speak with you or your staff about the program, its impact in your state/district, and the potential positive and negative impacts that various legislative proposals will have on my business and the overall effectiveness of the program.

I encourage you to read the joint industry letter and to urgently support reauthorization of the EB-5 Program before September 30. To read the letter, please visit this link: https://goo.gl/7nvKQv.

Sincerely,

YOUR NAME, TITLE, ORGANIZATION

 

Jul
08

June Roundup: IIUSA Represents the EB-5 Industry at Events Around the Globe

June was a busy month for IIUSA staff as they traveled the world promoting the EB-5 Program, sharing industry best practices and building policy consensus.

IIUSA Executive Director Peter D. Joseph presented at the Investment Migration Forum in Geneva, Switzerland as well as a Baruch College EB-5 Investments event in New York City. Other appearances included IIUSA staff exhibiting at the 2016 SelectUSA Conference in Washington, D.C. and the AILA Annual Conference on Immigration Law in Las Vegas, NV

Ahead of the September 30 “sunset” date for the EB-5 Program, IIUSA is delivering a message of self-regulation and consensus building to the industry and outside stakeholders and these four events offered the perfect platform to do so. As the legislative discussion surrounding the EB-5 Program builds over the coming months, IIUSA will continue to seek consensus amongst its members to engage in constructive policy discussions with lawmakers to secure a future for the Program.


Investment Migration Council (“IMC”): The Investment Migration Forum

June 6-8 | Geneva, Switzerland

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IIUSA Executive Director Peter D. Joseph with Investment Migration Council CEO, Bruno L’Ecuyer

After formalizing a strategic partnership with IMC in March 2016, IIUSA was proud to partner with the IMC for its Inaugural Investment Migration Forum (the “Forum”). The event is the world’s largest independent forum on the subject of citizenship-by-investment and investor immigration. Renowned academics, government officials, representatives of international organizations, and leading professionals in immigrant investor and citizenship gathered in Geneva, Switzerland for the two and a half day event. The event covered a variety of topics with subjects of interest for the academic, professional and government community – with a particular focus on the future of migration-by-investment programs and need for global business standards, industry self-regulation, and transparency.

IIUSA Executive Director, Peter D. Joseph, spoke on the kickoff panel titled “Immigration Policy and Investment Migration,” which featured other distinguished academics and industry professionals from around the world (including Ron Klasko, IIUSA Member and Chair of the American Immigration Lawyers Association (“AILA”) EB-5 Committee). Mr. Joseph’s presentation emphasized the importance of migration-by-investment programs as tools for national economic development policy. He noted that these policies, which have come of age in the last decade, bring challenges to the global industry that can only be overcome through education, self-regulation, and transparency through study…Learn More

Steven L. Newman Real Estate Institute, Baruch College: EB-5 Investments: Unique Opportunities and Challenges
June 16 | New York, NY

Baruch

IIUSA Executive Director, Peter D. Joseph, Mona Shah (Mona Shah & Associates), Ira Kurzban (Kurzban Kurzban Weinger Tetzeli and Pratt P.A.) Nima Korpivaara (David Hirson and Partners) and Former New York State Governor David Patterson participate on a panel “The Future of EB-5 & What we can Expect”

On Thursday, June 16, the Steven L. Newman Real Estate Institute at Baruch College, in conjunction with IIUSA Member Mona Shah & Associates, PLLC, hosted an EB-5 conference titled: EB-5 Investments: Unique Opportunities and Challenges. The one day event brought professionals from across the industry together to discuss the current state of the EB-5 program and opportunities it presents for developers and investors.

IIUSA Executive Director, Peter D. Joseph, participated in a panel along with IIUSA members, Mona Shah (Mona Shah & Associates), Ira Kurzban (Kurzban Kurzban Weinger Tetzeli and Pratt P.A.), Nima Korpivaara (David Hirson & Partners), and special guest, former New York State Governor, David Patterson. The panel, “The Future of EB-5 & What We Can Expect,” discussed the key issues facing the industry today and what it means going forward. Mr. Joseph’s remarks, from a perspective of a short time frame before EB-5 reauthorization deadline, focused on the imperative of finding industry consensus, constructively engaging with policymakers to address the major issues facing the industry today and self-regulation as a means of enhancing program integrity and effectiveness.

The event featured over 20 speakers from throughout the industry including additional IIUSA members, such as: Larry Wang (Welltrend), Reid Thomas (NES Financial), Kurt Ruess (EB5 Diligence), ), George Olsen (New York City Regional Center), Richard Marquard (The LCP Group), Julia Park (Advantage America Regional Centers), Brian Ostar (EB5 Capital), Dawn Lurie (Polsinelli), Clem Turner (Homeier & Law), Jinhee Wilde (Wilde & Associates), Kristal Ozmun (Miller Mayer, LLP), Matthew Virkstis, (Greenberg Traurig), Jeffery Grasso (Silverstein Properties), Mr. Boyi He (Guangdong Entry & Exit Immigration Association), Kaymar Amiri-Davani (EB5 Investors Magazine), Michael Schoenfeld (EB-5 Affiliate Network), among other key stakeholders.

The event, hosted at Baruch College where there is a course on EB-5, drew an international crowd of EB-5 regional centers, real estate developers, overseas real estate companies, migration agencies, educational organizations, law firms, wealth managers, students, brokers and more…Learn More

SelectUSA Investment Summit
June 19-21 | Washington, D.C. 

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IIUSA Associate Director of Marketing & Communications Allen Wolff (left) and IIUSA Advocacy Coordinator, Nicole Merlene (right) ready to talk EB-5 with foreign direct investment professionals from around the world at SelectUSA Summit

IIUSA was proud to exhibit at the SelectUSA summit for the third year in a row and promote the EB-5 Program to foreign direct investment professionals from around the globe. Housed in the U.S. Department of Commerce, SelectUSA’s mission is to promote and facilitate business investment into the United States and IIUSA was honored to be able to represent the EB-5 Program and present the industry as a tool for 21st century U.S. Economic development through foreign direct investment.

For the past three years the U.S. Commerce Department has hosted the SelectUSA Summit which brings together international companies, domestic economic development organizations (EDO’s) and other stakeholders to explore how foreign direct investment (FDI) can be utilized as a catalyst for economic growth and job creation in U.S. communities. This year’s event featured companies from over 70 international markets and welcomed over 2,500 attendees to the nation’s capital.

President Barack Obama and Secretary of State John Kerry headlined this year’s event, among other administration officials, promoting the U.S. as the premier destination for foreign direct investment. In his remarks, President Obama stated:

If you choose a place to expand your portfolio, to place your bets, to open up a plant, to start building the next great new business or service, you would select the USA — because nowhere in the world and never in history has there been a better place to grow your business.

Mr. Nicholas Colucci, Chief, Immigrant Investor Program Office (IPO), United States Citizenship and Immigration Services addressed the audience during a panel titled “Welcome to the United Sates! Visas and Beyond,” which featured practical information for international investors considering the best options for coming to the United States. Chief Colucci addressed the role USCIS plays in the review of applications as well as job creation and “at-risk” requirements of the EB-5 Program… Learn More

AILA Annual Conference on Immigration Law
June 22-25 | Las Vegas, Nevada

Each year, the American Immigration Lawyers Association (AILA) Annual Conference offers unmatched continuing legal education learning opportunities, great networking events, and nearly 100 exhibitors featuring the latest tools, technologies, and services for the immigration attorneys industry. With over 170 substantive sessions in fundamentals, intermediate, advanced, and masters-level tracks, the 2016 AILA Annual Conference continued this strong tradition.

IIUSA members Bernard Wolfsdorf (Wolfsdorf Rosenthal LLP) and David Hirson (David Hirson & Partners) led a panel tilted “EB-5 Nuts and Bolts,” which discussed source of funds, evaluating Regional Center projects, visa backlog, child age-outs, country specific issues to consider, adjudication trends and legislative updates.

Joining the nearly 100 exhibitors were IIUSA members American Life Inc, CanAm Enterprises, Civitas Capital Group, CMB Regional Centers, EB5 Global Inc, Go EB5 Regional Center LLC, Golden Gate Golden, Joorney Business Plans, Mount Snow, NES Financial, Related and Wright Johnson.

In addition, IIUSA member CanAm Enterprises, LLC hosted a luncheon on the future of the EB-5 Program which included as speakers IIUSA members Dawn Lurie (Polsinelli), Enrique Gonzalez (Fragomen Del Rey Bernsen & Loewy LLP) Stephen Yale-Loehr (Miller Mayer), Ira Kurzban (Kurzban Kurzban Weinger, Tetzeli and Pratt P.A.) and Tom Rosenfeld (CanAm Enterprises, LLC)…Learn More

Jul
07

EB-5 Industry Joins Together in Letter to Congress on Reauthorization & Reform of Program

Yesterday, IIUSA joined leading EB-5 trade associations/coalitions (U.S. Chamber of Commerce, Real Estate Roundtable, EB-5 Investment Coalition, and American Immigration Lawyers Association) as signatories on a letter to Senate and House Judiciary Committee Leaders and Members expressing support for extending the EB-5 Regional Center Program and recommending reforms to enhance program integrity and effectiveness as a economic development tool.   This is a significant milestone for the EB-5 industry, which accounts for billions of dollars of investment and tens of thousands of American jobs annually, as diverse interests come together to ensure EB-5 can continue to its important work in the economy.  Industry stakeholders should be encouraged that these developments will likely be helpful in advocacy efforts with Congress and are encouraged to provide a copy of the letter to their representatives.  Download a copy of the letter here.

The letter highlights support for:

  • Integrity measures.  To address fraud, national security, as well as additional measures to protect good faith investors and provide for procedures that would – based on fact patterns consistent in EB-5 related enforcement actions by the Securities & Exchange Commission – help identify and/or prevent fraud.
  • Targeted Employment Area (“TEA”) Policy & Investment Level Difference.   A TEA designation system that conditions project eligibility on a set of objective, publicly available criteria that will result in TEA eligibility being the exception, not the rule, and a smaller differential between TEA and non-TEA investment amount requirements than the 100% difference today so projects in both categories have the opportunity to compete for EB-5 investors.
  • Visa Capacity & Backlog Reduction.  Encourage backlog reductions for petitions pending at U.S. Citizenship & Immigration Services (“USCIS”) and solutions to growing wait time for investors for visa availability.
  • Grandfathering/Transition Period.  For individual Investors: No retroactivity or changes to filings for investors who have filed I-526s approvable at the time of filing.  For projects and Regional Centers: Reasonable implementation of effective dates that allows EB-5 related economic activity to continue as reforms are turned into policy.
  • Extension of the Regional Center program.  A longer term extension of the EB-5 Regional Center Program, which is now suffering from the uncertainty that comes with short term action by Congress, with the ultimate goal of making it permanent.

IIUSA is committed to working constructively with all industry stakeholders, including Congress and federal agencies, toward our shared goal of ensuring EB-5 keeps working for America for the long term.   These next few months will be critical for the EB-5 industry as our September 30, 2016 “sunset date” fast approaches – along with campaign season.  Stay engaged and join efforts of IIUSA and other key partners in these efforts and contact us at advocacy@iiusa.org to get more involved.

Jul
05

DHS Secretary at Recent Hearing: USCIS Intends on Publishing New Proposed EB-5 Regulations for Public Comment this November

On June 30th, the Senate Judiciary Committee held an oversight hearing in which Department of Homeland Security (DHS) Secretary Jeh Johnson testified on his department’s counterterrorism efforts and other department matters.  The hearing touched on a wide variety of issues, including EB-5 briefly.  Late in the hearing, Secretary Johnson and Senate Judiciary Committee chair, Chuck Grassley (R-IA) had a brief – but important – exchange on the status of regulatory reform of the EB-5 Program (something that the Secretary has been publicly committed to doing since early last year when he sent a letter detailing such plans to the Senate Judiciary Committee leadership (click here to view the letter).  According to the Secretary’s comments, USCIS intends to publish proposed new EB-5 regulations in November 2015 for public comments before promulgating and implementing new rules.

A transcript of the Q & A between the Secretary and Chairman is included below, along with link to a recording of the hearing.

GRASSLEY: Thank you very much. Two more questions. You and I have had a few discussions about EB-5 program, and I thank you. At least two occasions we have had long discussions about that, so thank you. I know you share my concerns about the program.

I appreciate the fact that you are working to issue regulations that mirror reforms that Chairman Goodlatte, Senator Leahy, Congressman Conyers and I have been pushing over regulations you plan to roll out soon, finally do away with gerrymandering to prevent regional centers from using an unlimited number of census tracts to build in affluent areas, even though they are not high unemployment areas, as the law envisions.

JOHNSON: Limiting gerrymandering was one of the changes that we are developing consistent with your recommendations, sir. And as I think we discussed the other day we intend to put these changes out for notice and comment. I think in November. As soon as November. But that’s on the list, yes, sir. 

Listen Here (EB-5 Comments at 2:24:55) 

Jeh Johnson

Jul
05

IIUSA Data Report: USCIS Publishes 2016 Q2 Adjudication Statistics

U.S. Citizenship and Immigration Services (USCIS) recently published data for FY Q2 (Jan-March) pertaining to the number of I-526 petitions (Immigrant Petition by Alien Entrepreneur) and I-829 petitions (Petition by Entrepreneur to Remove Conditions) received, approved, denied and pending.

IIUSA members can access data reports, below, to visualize key EB-5 industry trends.

I-526 Petition (Read Report)

 

  • Drastic (86%) decrease in 526 filings from the last quarter with only 848 526 petitions filed in Q2. This quarters filing volume was the lowest since 2011.
  • A Modest (75%) increase in the number of 526 approvals since last quarters drop. A total of 1,864 526 petitions were approved in Q2, accounting for $932 million in FDI; however, it’s still lower than the Q2 2015 in a year-over-year comparison;
  • A large increase in the number of 526 denials. A total of 637 petitions were denied the second highest total of denials in Program history.
  • 8% decrease in total number of pending petitions. With the lower number of filings USCIS was able to make a dent in pending petitions this quarter.
  • The 526 approval rate was 75% in Q2 which is the third quarter in a row where the approval rate has decreased. The approval rate is at its lowest level in the past two years.
 * I‐526 petitions completed refers to the number of I‐526 petition processed (either approved or denied) by USCIS Source: U.S. Citizenship and Immigration Services (USCIS). Data Set: Form I‐526 Immigrant Petition by Alien Entrepreneur. Prepared by: Lee Li, Policy Analyst, IIUSA


* I‐526 petitions completed refers to the number of I‐526 petition processed (either approved or denied) by USCIS Source: U.S. Citizenship and Immigration Services (USCIS). Data Set: Form I‐526 Immigrant Petition by Alien Entrepreneur. Prepared by: Lee Li, Policy Analyst, IIUSA

I-829 Petition (Read Report)

 

  • 845 829 petitions were filed in Q2 representing a 20% increase in a year over year comparison. The difference between 526 and 829 filings in Q2 was unprecedentedly low.
  • 421 829 petitions were approved in Q2 . Approvals have returned to historical levels after a large increase last quarter.
  • The approval rate decreased slightly from the last quarter to 97%.
  • Over 4,700 petitions were pending with USCIS, an 11% increase from last quarter and a 34% increase in a year over year comparison.
* I‐829 petitions completed refers to the number of I‐829 pentition processed (either approved or denied) by USCIS ** The number of I‐829 denial of the 2nd quarter and 4th quarter in FY2013 were withold by USCIS Source: U.S. Citizenship and Immigration Services (USCIS). Data Set: Form I‐829 Petition by Entrepreneur to Remove Conditions. Prepared by: Lee Li, Policy Analyst, IIUSA

* I‐829 petitions completed refers to the number of I‐829 petition processed (either approved or denied) by USCIS ** The number of I‐829 denial of the 2nd quarter and 4th quarter in FY2013 were withheld by USCIS Source: U.S. Citizenship and Immigration Services (USCIS). Data Set: Form I‐829 Petition by Entrepreneur to Remove Conditions. Prepared by: Lee Li, Policy Analyst, IIUSA

 

Jun
30

Federal Register Comment Period for Proposed USCIS Fee Schedule Extended

Globe'On May 4, 2016, USCIS published a notice of proposed rulemaking in the Federal Register inviting public comment, for 60 days, on the proposed U.S. Citizenship and Immigration Services Fee Schedule.

The proposed rule would adjust certain immigration and naturalization benefit request fees charged by U.S. Citizenship and Immigration Services (USCIS). USCIS conducted a comprehensive fee review, after refining its cost accounting process, and determined that current fees do not recover the full costs of the services it provides. Adjustment to the fee schedule is necessary to fully recover costs for USCIS services and to maintain adequate service. DHS proposes to increase USCIS fees by a weighted average of 21 percent and add one new fee. In addition, DHS proposes to clarify that persons filing a benefit request may be required to appear for biometrics services or an interview and pay the biometrics services fee, and make a number of other changes…Read IIUSA Report (Members Only) 

Fee RuleOn June 29 it was announced that the comment period has been extended by one day to July 6, 2016, to accommodate system maintenance scheduled for July 1-7 on regulations.gov. You can continue to submit comments during that period, but the comments will not appear until the maintenance is completed.

Submit your Comments! 

Jun
28

This Month in EB-5 History: June

ClockIIUSA’s this Month in EB-5 History serves as a feature of our weekly reports to highlight the EB-5 Programs milestones and changes, key pieces of legislation, publishing dates of USCIS memos, IIUSA achievements and important events over the past two decades of EB-5 history.

June 01, 2014: ICIC Report: Increasing Economic Opportunity in Distressed Urban Communities with EB-5

Impact investing holds significant promise for directing more resources to America’s distressed urban core. The EB-5 program could be an effective investment tool to achieve this goal but it is underutilized.The EB-5 program was created by the U.S. government in 1990 to improve economic conditions, especially in high poverty and high unemployment urban and rural areas, by attracting foreign capital to support investments that create local jobs. Interest in EB-5 as a new investment tool was relatively limited until the recent recession and subsequent contraction of more traditional sources of capital…Read More 

June 17, 2009: Neufeld Memo on Job-Creation Issues 

This AFM update provides United States Citizenship and Immigration Services (USCIS) personnel with instructions related to the timing of job creation and the meaning of “fulltime”
positions in the EB-5 program….Read More

June 21, 2013: United States Conference of Mayors (USCoM) Temporary Resolution on EB-5 Immigrant Investor Program 

At the 81st Annual Meeting of the UNited States Conference of Mayors a temporary resolution in support for the EB-5 Program was adopted which stated that “The United States Conference of Mayors urges Congress to include a robust EB5 program in the immigration bill including additional visas, permanent authorization of the regional center program and streamlined approvals for all applications”Learn More 

June 24, 2014: IIUSA Publishes Code of Ethics and Standards or Professional Conduct 

The Code and the Standards are intended to promote the integrity of IIUSA members (“Members”) and serve as a model for measuring the ethics of EB-5 professionals, regardless of industry
segment or local laws and regulations. All Members must abide by the Code and Standards. Violations may result in disciplinary sanctions by IIUSA. Sanctions can include, but are not limited to, suspension or revocation of membership and revocation of the right to use the IIUSA service mark, advertise in IIUSA publications, and/or sponsor IIUSA eventsRead More 

Jun
22

IIUSA Updates TEA Mapping Tool with Most Recent Census Data

IIUSA is pleased to present an updated version our interactive mapping tool, which utilizes the most up to date Census data, that plots the location of over 470 EB-5 projects from a wide variety of industries and located in diverse communities across the U.S. The mapping tool will be an essential tool for industry and policy analysis. The interactive map is a tool for consideration of a specific proposal to reform Targeted Employment Area (TEA) policy. IIUSA created the interactive mapping tool for members and industry stakeholders to use as a tool to help inform a meaningful discussion and consideration of the TEA proposal presented in a hearing before the Senate Committee on the Judiciary on April 13, 2016 by Dan Healy, CEO of Civitas Capital Group, and Director at IIUSA. Further details on the proposal can be found on pages 11-14 of the written testimony.

Both Congress and U.S. Citizenship & Immigration Services have stated intent on reforming the EB-5 Regional Center Program including TEA policy, making it essential to long term reauthorization of the Program. Whether reform occurs via legislation or regulation, designing effective policy requires clear information and data showing anticipated results from the implementation of new policy – especially on a multi-billion dollar industry like EB-5 that relies on predictability and certainty to achieve the policy goals of job creation.

Explore Now!

TEA Map