Towards the end of September, Alejandro N. Mayorkas, Director, USCIS, spoke at the U.S. Chamber of Commerce. His remarks included reference to the EB-5 Program and the agency’s efforts to improve it. IIUSA is appreciative and supportive of the Director’s efforts.
His remarks about the EB-5 Program specifically were as follows:
“We have made significant changes in the way we adjudicate cases in the immigrant investor or EB-5 program, a program that is designed to create American jobs. We have retained business analysts to support our adjudicators, and received more than 75 applications for additional economists. We will be hiring corporate expertise, issuing new policy guidance in the next few weeks. And currently we have outstanding a targeted request for proposal to re-engineer our business process from beginning to end. The EB-5s full allotment of 10,000 investor visas has never been reached. In 2008, just over 1,200 were issued and the potential remains great. This year, we will more than triple that number.”
