Each issue of IIUSA’s quarterly magazine, the Regional Center Business Journal (which recently completed its second full year of publication), features a section titled By the Numbers.” This sidebar, located on page 53 of the 2014 Quarter Four issue (above), is dedicated to reviewing important figures that indicate the growth and success of the EB-5 Regional Center Program. Today, for the first time, we will display some of these numbers on IIUSA’s blog. We hope you enjoy.
Quarter Four (December, 2014)
100– EB-5 Program Director Nicholas Colucci stated on the December 5 EB-5 Program Stakeholder Engagement that the USCIS Immigrant Investor Program Office (IPO) is projected to pass 100 staff members by the end of the calendar year.
15 & 35 – IIUSA’s library of OnDemand video content now includes 14 webinars and 35 panels from the past three IIUSA conferences! Purchase the All Access Pass today ($1,200, members-only) to gain access to 50+ hours of video as well as thousands of pages of comprehensive research & analysis!
12,453 -There are a total of 12,453 petitions pending at USCIS as of 10/1/14, representing over $6.2 billion dollars in foreign direct investment into the U.S.
1,122 – IIUSA President Advisory Council member New York City Regional Center (NYCRC) announced that over 1,100 individuals have now obtained permanent residency through their participation in NYCRC EB-5 project offerings. At the EB-5 Market Exchange in October, IIUSA honored 17 Regional Center Members with I-829 approvals.
1,250 -From FY 2001-2014, there have been a 1,250% increase in EB-5 visas handed out, according to the Department of State Bureau of Consular Affairs.
504, 505, 506 -On September 24, the SEC’s Office of Investor Education and Advocacy issued an Investor Bulletin to educate investors about investing in unregistered securities offerings, or private placements, under Regulation D of the Securities Act. Rules 504, 505 and 506 are SEC rules that issuers often rely on to sell securities in unregistered offerings.
Quarter Three (October 2014)
340 – 340 of the 369 Regional Centers approved as of September 30, 2013 submitted timely I-924As for that fiscal year; of the remaining 29, some filed late and some were issued a Notice of Intent to Terminate (NOIT) and some ultimately were terminated for failing to file.
230 – The number of IIUSA delegates who attended the 18th Annual China International Fair for Investment & Trade (CIFIT), September 6-10 in Xiamen, China. The U.S. pavilion consisted of 42 booths from 32 IIUSA member organizations making this the largest U.S. delegation to CIFIT ever!
100,000,000 – Department of State’s (DOS) global database holds more than 100 million records of visa cases and 75 million photographs, with links to other federal agency security databases, including the FBI’s Integrated Automated Fingerprint Identification System (IAFIS) and the Department of Homeland Security’s Automated Biometric Identification System (IDENT). It unexpectedly crashed on July 20th after maintenance which led to visa processing delays in consular offices worldwide.
538 – On June 5th, 2014, IIUSA President Advisory Council member CanAm Enterprises’ 22nd EB-5 project repaid its loan in full and on time, bringing the total number of investors that have received principal repayment in full to 538.
2014- Quarter Two (June 2014)
82 & 79 – The U.S. Conference of Mayors held its 82nd Annual Conference June 20-23, 2014 while the National Association of Counties (NACo) held its 79th annual conference July 11-14, 2014. IIUSA and the EB-5 Industry are proud to have support from these two venerable institutions.
35,000 – On March 3rd, the National Association of Counties (NACo)’s Community, Economic Development and Work Force Steering Committee unanimously approved a resolution supporting IIUSA, which was subsequently adopted and approved by the full NACo Board of Directors. NACo represents over 3,500 Counties Nationwide and counts nearly 35,000 local elected officials among its membership.
440 – The attendance at IIUSA’s 7th Annual EB-5 Regional Economic Advocacy Conference, May 7-9, 2014 was 440, representing over a 90% growth in number of attendees from the last IIUSA EB-5 Advocacy Conference in October, 2012. The 400+ attendees at the sold-out conference were treated to eight panels, three Congressional Guest of Honor Speakers, keynote addresses from individuals representing five federal agencies/regulators, special guests from the American Chambers of Commerce in Shanghai and South China (as well as the U.S. Chamber of Commerce), and a special ceremony with eight Chinese provincial level entry-exit Associations in which IIUSA signed joint Memoranda of Understanding (MOUs).
1997 – The North American Industry Classification System (NAICS) was introduced in 1997 and is periodically revised to reflect changes in the industrial structure of the U.S. and North American economy. A federal register notice was published on May 22, 2014 soliciting proposals for changes to the structure and content of NAICS Code for inclusion in a 2017 revision.
27.9 – In 2011 the total stock of Mexican FDI in the United States stood at $27.9 billion, making Mexico one of the top fifteen largest sources of FDI into the United States. IIUSA Executive Director Peter D. Joseph travelled to Mexico to take part in the SelectUSA Roadshow from May 21-23, 2014.
15 – Japan accounted for 15 million in EB-5 investments in FY2013, the seventh most of any country in the world. IIUSA President David Andersson participated in the SelectUSA Roadshow in Japan from May 19-23, 2014.
Quarter One (March 2014)
$3.39 billion – Amount added to U.S. GDP, according to the 2012 Report on the Economic Impact of EB-5 Immigration Program. The Program also supported 42,000 jobs and generated $712+ million in federal/state/local tax revenue, up from $2.6 billion in GDP, 33,000+ jobs and $564+ million over the previous two years combined.
54-41– On December 20, 2013, the Senate confrmed former US Citizen and Immigration Services (USCIS) Director Alejandro Mayorkas to Deputy Director, the second highest post within the Department of Homeland Security (DHS) with a 54-41 roll call vote.
1.2% -The percentage of total Foreign Direct Investment (FDI) in 2012 that EB-5 Program is responsible for. EB-5 Program contributed $2 Billion in 2012 compared to $166 Billion of total investments.
25+ – The number of countries with immigrant investor programs around the world, a number that continues to rise.
+37% -The projected increase of centa-millionares, individuals with over 100 million in disposable assets, worldwide over the next ten years, doubling in China and India, according to Brookings Institute’s report “Improving the EB-5 Program: International Financing for U.S. Regional Economic Development.”
RCBJ Retrospective articles are reprinted from IIUSA’s Regional Center Business Journal trade magazine. Opinions expressed within these articles do not necessarily represent the views of IIUSA and are provided for educational purposes.