The Intro EB-5 Finance Course examines the basic statutes and regulations governing the EB-5 Program. Topics covered include direct EB-5 vs. EB-5 Regional Center programs, minimum investment requirements, securities regulations, and business plans and economic reports. Plus several case study examples will be discussed to showcase the variety of economic development projects that can benefit from this form of capital.
The EB-5 Program is a federal foreign direct investment, immigration, and regional economic development program that provides access to capital to U.S. businesses and creates American jobs at no expense to the American taxpayer. Globalization has spurred an unprecedented rise in wealth overseas, as well as increased the speed of capital between nations. By building immigration benefits into investment incentives, the EB-5 Program provides a welcome avenue for overseas wealth to be delivered to the U.S. economy – tapping into new opportunities and opening a new frontier of development finance programs.
Join CDFA and its strategic partner, the Association to Invest In the USA (IIUSA), for a two-day WebCourse designed for all levels of expertise. IIUSA, the national trade association for the EB-5 Regional Center Program, has brought together a diverse panel of EB-5 experts to review the various aspects of this interdisciplinary program. Attendees should be prepared for an in-depth look at the basic requirements of the EB-5 Program and its components on the first day, followed by a more practical focus and “big picture” analysis on the second day.
CDFA Summer School: Course Schedule
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Monday
August 11, 2014 |
Tuesday & Wednesday
August 12-13, 2014 |
Thursday & Friday
August 14-15, 2014 |
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This course qualifies for the CDFA Training Institute’s Development Finance Certified Professional (DFCP) Program. Participants may register for one, two, or three courses during CDFA Summer School. Complete three courses, and you will have fulfilled half of the requirements for the DFCP Program. Join us in Washington, DC for CDFA Summer School, and start down the road to personal and professional advancement today.
Scholarships are available to attend this event. Learn more about the CDFA Scholarship Program and submit your application today.
When you register for three courses during CDFA Summer School, you will receive a $200 discount off the total registration fee.
By attending, you will:
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You will learn through:
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Topics covered include:
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Who should attend?
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| Course Advisor:
Peter Joseph serves as the Course Advisor for the Intro EB-5 Finance Course. Peter D. Joseph has served as Executive Director of the Association to Invest In the USA (IIUSA) – the not-for-profit industry trade association for the EB-5 Regional Economic Development Program (the “Program”) – since December 2010. He oversees all day-to-day operations of IIUSA and its efforts to make the Program a permanent and effective tool of economic development in US public policy. He is a passionate advocate of the Program and effective leader, having overseen a long period of organizational growth to match that of the Program. IIUSA continues to be the voice of the Program and industry as a whole through effective representation in public and government affairs. He is a frequent speaker on the EB-5 Program from a macro perspective. Prior to his position Executive Director, Mr. Joseph oversaw IIUSA’s administrative affairs since February 2008 – after years of substantive experience in the legal and private sectors of the Program. Mr. Joseph studied Social Studies and Spanish at Ithaca College for his Bachelor’s degree and received his Master’s degree in Leadership and Policy Studies from DePaul University in November 2012. He is an active member in the American Society of Association Executives and Chicago Council of Global Affairs. |
Agenda
The following is the preliminary agenda for this course. This agenda may be updated and modified slightly to accommodate speakers and content. However, the main areas of content as outlined in this agenda will be covered.
| DAY ONE |
| 8:30 – 9:00 am | Welcome & Overview |
Welcome participants, introduce CDFA, and set the stage for the course.
Speakers
Katie Kramer
Vice President
Council of Development Finance Agencies
Peter Joseph
Executive Director
Association to Invest in USA (IIUSA)
| 9:00 – 10:15 am | EB-5 Basics |
The EB-5 Program has a robust history dating back over 20 years. This first session will explore the origins of the program and development of governing public policy and administrative procedures. Basic terms and structures will be introduced.
Speakers
Stephen Yale-Loehr
Of Counsel
Miller Mayer LLP
Robert Divine
Shareholder
Baker Donelson
| 10:15 – 10:30 am | Break |
| 10:30 – 12:00 pm | Understanding EB-5 Immigration Laws |
The immigration laws surrounding the EB-5 Program are multi-faceted and complex. During this session, we will explain the various forms that are used within the program, including DS-230, I-485, I-526, I-829, I-924, and I-924A. In addition, the purpose of each form and their functions within the program will be explained.
Speakers
Stephen Yale-Loehr
Of Counsel
Miller Mayer LLP
Robert Divine
Shareholder
Baker Donelson
| 12:00 – 1:30 pm | Lunch on Your Own |
| 1:30 – 2:30 pm | Understanding EB-5 Securities Laws |
EB-5 investment opportunities must be offered in compliance with U.S. securities laws. This session will discuss in detail Regulation D and S, broker/dealer vs. finder’s issues, and the unique risks associated with EB-5 investments.
Speakers
Mariza McKee
Associate
Kutak Rock LLP
Michael Homeier
Attorney
Homeier & Law PC
| 2:30 – 2:45 pm | Break |
| 2:45 – 4:30 pm | Finding Investors |
One of the first steps to successfully using EB-5 as a form of financing is identifying potential investors. During this session, learn about industry best practices for building credible relationships with overseas partners and develop a better understanding of the motivations behind investors’ decisions to put their personal wealth and immigration status at risk to move to the U.S.
Speaker
Steve Strnisha
Chief Executive Officer
Cleveland International Fund
| 4:30 pm | Adjourn |
| DAY TWO |
| 8:30 – 8:45 am | Revisiting Day One |
Speakers
Katie Kramer
Vice President
Council of Development Finance Agencies
Peter Joseph
Executive Director
Association to Invest in USA (IIUSA)
| 8:45 am – 10:45 am | Working with Regional Centers |
Working with Regional Centers is critical to accessing EB-5 investments. This session will focus on various ownership and administration models for Regional Centers, ranging from public ownership-administration to public-private partnerships to purely privately owned-operated. We will outline the different models and how each works in practice.
Speaker
David Andersson
Whatcom Opportunities Regional Center
| 10:45 – 11:00 am | Break |
| 11:00 – 12:00 pm | Case Studies: When Things Go Right…and When They Go Wrong |
Investments succeed and fail every day. When a project using EB-5 investments is realized, foreign investors receive immigration benefits and financial dividends, U.S. businesses grow, and U.S. jobs are created. When things go wrong, the ripple effect is equally powerful. This session will review both sides of the story and provide some case study examples of projects across the country.
Speaker
David Andersson
Whatcom Opportunities Regional Center
| 12:00 – 1:30 pm | Lunch on Your Own |
| 1:30 – 3:15 pm | EB-5 as Component of the Capital Stack |
Financing economic development projects requires a careful structuring of several sources, often including bonds, tax credits, loan funds, and other sources. As EB-5 becomes a more prevalent financing source, understanding how this investment works within the overall capital stack is critical to seeing a project move forward. This session will explain various structures using EB-5, look at how to balance equity vs. loan models, and how the jobs requirement fits into the overall planning process.
Speakers
Steve Strnisha
Chief Executive Officer
Cleveland International Fund
Greg White
Managing Director
Seyfarth Shaw
Angelique Brunner
President
EB5 Capital
| 3:15 – 3:30 pm | Break |
| 3:30 – 4:30 pm | What’s Next? EB-5 Trends and Developments |
At the close of the Intro EB-5 Finance Course, we will look at trends and developments related to the EB-5 Program and highlight some important statistics to consider when using this form of financing. Topics discussed include capital and job formation, actions taking place at the U.S. Citizenship and Immigration Services (USCIS), the federal agency that administers the program, and legislative reforms that could affect the program.
Speaker
Peter Joseph
Executive Director
Association to Invest in USA (IIUSA)
4:30 pm Adjourn
Location
CDFA Summer School will be held at The Fairmont Washington, DC located in Washington’s fashionable West End and adjacent to historic Georgetown.
The Fairmont Washington, DC
2401 M Street NW
Washington, DC 20037
Phone: 202-429-2400
Fax: 202-457-5010
CDFA has arranged a significantly reduced room rate of $199.00 (plus tax) per night for standard room (single or double occupancy). Hotel rooms are available from August 9 – 17, 2014 at the reduced rate if reservations are made before July 17, 2013. This rate is not guaranteed if reservations are made after the cut-off date or if the hotel is sold-out. Please reserve your room early.
Registration
The Intro EB-5 Finance Course is offered during CDFA Summer School, a week long series of courses presented by the CDFA Training Institute. This course qualifies for the CDFA Training Institute’s Development Finance Certified Professional (DFCP) Program. Participants may register for one, two, or three courses during CDFA Summer School. Complete three courses, and you will have fulfilled half of the requirements for the DFCP Program. Join us in Washington, DC for CDFA Summer School, and start down the road to personal and professional advancement today.
Scholarships are available to attend this event. Learn more about the CDFA Scholarship Program and submit your application today.
Register before June 30, 2014 for Early-Bird Rates.
When you register for three courses during CDFA Summer School, you will receive a $200 discount off the total registration fee.
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