Why USCIS is Delaying Most EB5 Visa Reforms

It looks like the EB-5 community will have to keep waiting for most of USCIS’ proposed reforms. According to a memo released by the USCIS Office of Public Engagement on September 13, the agency is now allowing direct email communication between USCIS adjudicators and regional center applicants filing Form I-924. This reform was just one … Read moreWhy USCIS is Delaying Most EB5 Visa Reforms

EB-5 Visa Investor Lawsuit Alleges Fraud & Deceit in New Orleans Regional Center Investments

Tim Milbrath (near poster on left) and William Hungerford (middle right) working it hard in the Big Easy A lawsuit alleging fraud and misconduct brought forth by 27 EB-5 visa immigrant investors against New Orleans Regional Center operators William Hungerford and Tim Milbrath is seeking an immediate accounting of the whereabouts of their investments as well … Read moreEB-5 Visa Investor Lawsuit Alleges Fraud & Deceit in New Orleans Regional Center Investments

Upstate New York Receives $125,000 to Fund EB-5 Visa Regional Center

ALBANY, NY. The State of New York has just approved a grant of $125,000 to fund the development of an EB-5 visa Regional Center. The funding was part of a $62.7 million package to stimulate growth in the 11-county capital region also known for its tech corridor. This disbursement was part of a competition set … Read moreUpstate New York Receives $125,000 to Fund EB-5 Visa Regional Center

USCIS?s Donald Neufeld Memo On EB-5 Regional Center Proposals

USCIS Acting Associate Director, Domestic Operations issued a memo to the field leadership providing instruction to USCIS California Service Center, the staff who adjudicate the EB-5 I-526 and I-829 petitions, as well as the adjudication of EB-5 Regional Center proposals. This memo was issued after a one hour conversation in which many other issues were … Read moreUSCIS?s Donald Neufeld Memo On EB-5 Regional Center Proposals

Wall Street Journal Article Highlights Risks for EB-5 Visa Investors

In a mostly high-level piece about the EB-5 visa program’s impact on the U.S. real estate market, Eliot Brown of the Wall Street Journal hits on an issue of great interest to any immigrant investor: the viability of EB-5 projects.  Brown’s article, which ran in early February, notes how the EB-5 program has become a … Read moreWall Street Journal Article Highlights Risks for EB-5 Visa Investors

What the Victorville AAO Decision Means for EB-5 Projects With Bridge Loan Arrangements

Construction at one of Victorville’s EB-5 projects, 2009 In the fallout from the Victorville Regional Center’s termination, the EB-5 stakeholder community learned much about how USCIS interprets the rules governing the EB-5 visa program. A December decision from the agency’s Administrative Appeals Office (AAO) clearly spells out why the agency affirmed the California Service Center … Read moreWhat the Victorville AAO Decision Means for EB-5 Projects With Bridge Loan Arrangements

USCIS is seeking securities attorneys to help with EB-5 issues

Good news: USCIS is looking to hire experienced attorneys with knowledge of corporate, finance and securities law to work on the securities and investment related issues related to the EB-5 visa and practices within the industry.  If the Regional Centers and EB-5 agents & service providers were hoping that financial and securities practices in the … Read moreUSCIS is seeking securities attorneys to help with EB-5 issues

Wall Street Journal Profiles Young EB-5 Investors, Wealthy Chinese

Millionaire writer Shi Kang plans to leave China for the United States. Better education for their children, cleaner air, safer food. According to a recent Wall Street Journal article, these are just some of the things bringing wealthy Chinese immigrants to the United States. As the EB-5 stakeholder community knows well, many people who have … Read moreWall Street Journal Profiles Young EB-5 Investors, Wealthy Chinese

EB-5 Visa Agent / Broker Rapid Visas denounces Jay Peak

Rapid USA Visas CEO Douglas Hulme and Jay Peak President Bill Stenger in happier times This email flooded the inboxes of over 100 immigration attorneys yesterday, apparently ending what may have been the longest and most successful agent/broker relationship in EB-5 visa history: The alliance of Jay Peak and Rapid USA Visas was formed years … Read moreEB-5 Visa Agent / Broker Rapid Visas denounces Jay Peak

Warm U.S. Weather Affects Ski Resort Revenue, Job Creation

Since a number of ski resorts receive funding through EB-5 visa investments, it should be of great interest to EB-5 stakeholders whenever unforeseen circumstances threaten job growth at these operations. Unfortunately, this winter has not been a good one for the ski resort business. Unseasonably warm weather and a lack of snow across the United … Read moreWarm U.S. Weather Affects Ski Resort Revenue, Job Creation

Update on EB-5 Visa Program Regional Center re-authorization status

From noted immigration attorney Mona Shah comes this announcement regarding the re-authorization of the EB-5 Regional Center “Pilot” (passive) program: June 18, 2012, Congressman Peter T. King issued a letter confirming that the EB-5 visa pilot program is likely to be reauthorized as a part of fiscal year?s 2012 (FY-2012) appropriations legislation. Congressman King, Chair … Read moreUpdate on EB-5 Visa Program Regional Center re-authorization status

Victorville Councilwoman Unaware of EB-5 Program Woes

It looks like at least one member of the Victorville City Council was left completely in the dark about problems with the city’s EB-5 regional center. According to the Victorville Daily Press, Councilwoman JoAnn Almond did not learn of the termination notice issued to the center by USCIS until she read about it in the … Read moreVictorville Councilwoman Unaware of EB-5 Program Woes

USCIS Announces new EB-5 Visa dedicated program office

USCIS has announced the formation of a new office specifically designed to address and oversee issues related to the EB-5 Immigrant Investor Visa program: Dear Stakeholder,   I am pleased to announce that U.S. Citizenship and Immigration Services (USCIS) will be creating a new office to oversee our administration of the EB-5 Immigrant Investor program. … Read moreUSCIS Announces new EB-5 Visa dedicated program office

USCIS EB-5 Visa Stakeholders Call, 2012 Program statistics released

USCIS will be unveiling and discussing the most recent I-526, I-829 and I-924 receipts, approvals, denials and approval percentages today at 1pm EST.  The most interesting observation from the statistics released was the increase in I-526 receipts showing the growing interest in the EB-5 immigrant investor visa program by both developers promoting their projects to … Read moreUSCIS EB-5 Visa Stakeholders Call, 2012 Program statistics released

USCIS EB-5 Engagement Monday Dec. 3 2pm EST

USCIS will be holding an engagement on Monday, Dec. 3 from 2pm – 4pm EST to discuss job creation, job counting and tenant occupancy among other EB5 visa related issues.  Anyone who is interested in hearing their position on these vital topics is encouraged to attend or listen into the engagement.  Dear Stakeholder,   U.S. … Read moreUSCIS EB-5 Engagement Monday Dec. 3 2pm EST

USCIS Ends Victorville CA’s EB5 Immigrant Investor Program

For the first time ever, USCIS has shut down an operational EB5 regional center. On October 20, the federal government sent a final letter informing the Victorville Regional Center that it was pulling the plug on the regional center’s ability to participate in the EB5 immigrant investor program. This comes after at least two other … Read moreUSCIS Ends Victorville CA’s EB5 Immigrant Investor Program

USCIS Addresses EB-5 Regional Center Tenant Occupancy Issue

Today, USCIS released a letter addressing an issue raised during the last EB-5 stakeholder conference call/meeting. At the meeting, several participants addressed the question of adjudication of EB-5 visa regional center petitions using what is referred to as the “tenant-occupancy” methodology to determine whether or not the job creation conditions can be satisfied upon filing … Read moreUSCIS Addresses EB-5 Regional Center Tenant Occupancy Issue

USCIS Director to Discuss EB-5 Policy in Teleconference

Last September, USCIS Director Alejandro Mayorkas participated in discussions with EB-5 stakeholders in an in-person and phone-in session dubbed “Conversations with the Director.” Now it looks like he’ll be doing it again, and it’s happening tomorrow, November 9, at 1 o’clock in the afternoon. The event is a teleconference, and it comes just one day … Read moreUSCIS Director to Discuss EB-5 Policy in Teleconference

USCIS Releases Nearly 500 Pages of EB-5 Training Materials

In response to a Freedom of Information Act request, USCIS has released 486 pagesof materials used to train USCIS officers in the adjudication of EB-5 immigrant investor cases. This is big news for the EB-5 community. Throughout the upcoming weeks, EB5info.com will be contacting attorney contributors for their take on the significance of these documents. … Read moreUSCIS Releases Nearly 500 Pages of EB-5 Training Materials

USCIS Answers Commonly Asked Questions About the EB5 Visa Program

First is “What is the most common way to get an EB5 Visa”? The answer is there are two distinct EB-5 pathways for an immigrant investor to gain lawful permanent residence for themselves and their immediate family. The first is the Basic Program and the second is the Regional Center Pilot Program. Both programs require that … Read moreUSCIS Answers Commonly Asked Questions About the EB5 Visa Program

USCIS Approves EB-5 Funding For South Florida Project

The South Florida Investment Regional Center recently announced that on June 2, 2011 USCIS approved a new large-scale development for South Florida.  Steel HQ, a global steel framing company that builds pre-engineered steel-framed buildings for everything from residential to industrial purposes, received approval for the project through the South Florida Regional Center. The EB-5 funded … Read moreUSCIS Approves EB-5 Funding For South Florida Project

USCIS Approves EB5 Visa Northern California Regional Center

STOCKTON, CALIFORNIA ? United States Citizenship and Immigration Services has just granted EB5 regional center status to the Northern California Regional Center, and the new center?s principals are optimistic about bringing jobs and economic growth to the region. According to an April press release, the center?s ?first project, an agricultural development project, will create a … Read moreUSCIS Approves EB5 Visa Northern California Regional Center

USAdvisors.org Visits Immigrant Investor Projects, EB-5 Attorneys

Michael Gibson with David Lu and Howard Ting of YK America Regional Center  Shortly after last month’s AILA conference in San Diego, USAdvisors.org’s Managing Director Michael Gibson began visiting immigration attorneys, EB-5 regional centers, and EB-5 projects across the state of California. His road trip continues through next week (July 18-22), and there is still … Read moreUSAdvisors.org Visits Immigrant Investor Projects, EB-5 Attorneys

USCIS Approves First EB-5 Immigrant Investor in Milwaukee Development

According to a business article from Milwaukee’s Journal Sentinel, USCIS has approved the first of 30 Chinese citizen EB-5 investors, each of whom will provide $500,000 in equity capital for the tentative development of a new hotel and restaurant in Milwaukee, Wisconsin. Gary Gorman of the development company Gorman & Co., plans to use EB5 … Read moreUSCIS Approves First EB-5 Immigrant Investor in Milwaukee Development

USCIS Could Put EB-5 Regional Center Applications on the Fast Track

USCIS wants to prioritize some I-924 applications so that they are processed in as little as 15 days. And that’s just one suggestion included in a 3-page proposal the agency released this month, which seeks to streamline the process by which EB-5 investor and regional center applications are either approved or denied. The proposed changes … Read moreUSCIS Could Put EB-5 Regional Center Applications on the Fast Track

USCIS Director Mayorkas Introduction to EB-5 stakeholders

      USCIS Director Mayorkas’s opening comments to the EB-5 stakeholders present during his private meeting.  In these he discusses the three major proposals voiced by the EB-5 community to make the EB5 visa program better: 1. Direct email communication to the Department and the California Service Center (CSC):  this has been implemented 2. … Read moreUSCIS Director Mayorkas Introduction to EB-5 stakeholders

The Legal Question: Insurance for EB-5 Visa Investments

Continued from the first installment in a 4-part series on investment reimbursement insurance for EB-5 visa investors: Jason Blatt, an attorney representing the Idaho State Regional Center, believes that the Sidecars policy is completely legal. Responding to questions from EB5info.com, he offered the following: When an insurance company, a third party not related to the … Read moreThe Legal Question: Insurance for EB-5 Visa Investments

USAdvisors.org EB5 Visa Tour Visits Midwest: Illinois, Michigan, Ohio

In addition to stops in Milwaukee and Chicago, Michael Gibson and George Wozencraft of USAdvisors.org wrapped up the Midwestern leg of their EB5 visa tour by speaking with regional center principals and immigration attorneys in Illinois, Michigan, and Ohio. Moline, Illinois is home to the operations of two EB5 regional centers known as California Military … Read moreUSAdvisors.org EB5 Visa Tour Visits Midwest: Illinois, Michigan, Ohio

The StartUp Act: How Will It "Reform" the EB5 Visa?

On December 2, 2009, noted venture capitalists Paul Kedrosky and Brad Feld published an editorial in the Wall Street Journal calling for a new visa category for foreign-born entrepreneurs. It was one of the first pieces anyone had published in support of such a visa. At a time when Americans were getting used to the … Read moreThe StartUp Act: How Will It "Reform" the EB5 Visa?

Two Bills. Two Choices: EB-5 and Startup Bills Now Before Congress

Senators Leahy (D-VT) and Grassley (R-IA) have introduced legislation that would make the EB-5 program permanent. Two new bills now sit before Congress, and both of them could impact the effect of foreign capital ? and foreign-born entrepreneurs ? on US job creation.  The first is Senator Patrick Leahy?s (D-VT) EB-5 bill, which would make … Read moreTwo Bills. Two Choices: EB-5 and Startup Bills Now Before Congress

USAdvisors.org Interacts With EB-5 Visa Attorneys at AILA Conference

“Inform your client. Protect your practice.” That’s the new slogan last month’s attendees saw when they visited the USAdvisors.org/EB5info booth at the 2011 AILA EB-5 conference. They also saw the following slideshow: At what was arguably one of the biggest EB-5 events of the year, USAdvisors.org provided booth visitors with an interactive display of its … Read moreUSAdvisors.org Interacts With EB-5 Visa Attorneys at AILA Conference

USAdvisors EB5 Visa Road Trip Making Steady Progress

MILWAUKEE ? Late last month, Michael Gibson and George Wozencraft of U.S. Advisors set out on quite an ambitious road trip, crisscrossing the U.S.A. for the purpose of meeting with the principals of EB5 regional centers and other EB5 visa experts. Beginning in Naples, Florida, visting an EB5 visa project being handled through America’s Center … Read moreUSAdvisors EB5 Visa Road Trip Making Steady Progress

Report on EB-5 visa Program by Fox News investors getting green cards

A broadcast from Fox news on the EB-5 visa program with a story from Miami, as well as an interview with a local immigration attorney. The story features EB5 immigrant investor Jose Rodriguez who came from Venezuela and purchased Casa Potin Bakery in Miami (Hialeah) and used the EB-5 investor visa program as a ?fast … Read moreReport on EB-5 visa Program by Fox News investors getting green cards

Senate Judiciary Committee Hears EB-5 Regional Center Testimony

On December 7, the EB-5 visa program featured prominently in a hearing of the U.S. Senate Judiciary Committee, an event during which prominent voices from the EB-5 community contributed testimony. Leading the discussion was Committee Chairman Patrick Leahy (D-VT), who let it be known in his opening remarks that legislation to make the EB-5 Regional … Read moreSenate Judiciary Committee Hears EB-5 Regional Center Testimony

South Dakota Lawsuit Could Put EB-5 Visa Project on Hold: Part I

With the economy in the doldrums, it would be a shame for a dispute about EB-5 investor recruitment to put a job creation project on indefinite hold. Unfortunately, that’s what appears to be happening in South Dakota. A lawsuit against the South Dakota Regional Center (SDRC) is threatening to halt progress on construction of the … Read moreSouth Dakota Lawsuit Could Put EB-5 Visa Project on Hold: Part I

The Final Chapter in Victorville’s EB-5 Termination?

The Victorville saga is over. Maybe. Now that the city has lost a final appeal to save its regional center, there may be nothing left for it to do other than accept that EB-5 visa funding is no longer a viable option for its projects. Last year, the Victorville Regional Center in Victorville, California became … Read moreThe Final Chapter in Victorville’s EB-5 Termination?

Silicon Valley Heavyweights Discuss EB5 Visa Investor Visa Reform

Although this month’s meeting of the President’s Council on Jobs and Competitiveness in Palo Alto gave little attention to the EB-5 visa, the potential for a new entrepreneur visa became a central element of the discussion. The meeting’s context was a public forum available for viewing via online broadcast. In addition to the topics of education … Read moreSilicon Valley Heavyweights Discuss EB5 Visa Investor Visa Reform

Technology Accelerator Just One of Several New EB-5 Visa Projects

Corryville, a neighborhood in Cincinnati, is home to a new EB-5 visa project that seeks to drive technological innovation in the region Amid news of various lawsuits, seemingly arcane decisions by USCIS, and alleged broker-related shenanigans, it’s important to remember that most news from the EB-5 arena is good news. Indeed, EB-5 investment projects around the … Read moreTechnology Accelerator Just One of Several New EB-5 Visa Projects

Revised Draft Policy Memorandum Guiding EB-5 Visa Adjudications

Alejandro Mayorkas, Director, U.S. Citizenship and Immigration Services In response to last month’s request for comments from EB-5 stakeholders on its most recent draft policy memorandum, USCIS has released a revised version. The following are Director Mayorkas’s remarks that precede the modified document: U.S. Citizenship and Immigration Services (USCIS) thanks stakeholders for providing comments to … Read moreRevised Draft Policy Memorandum Guiding EB-5 Visa Adjudications

Prominent Author Promotes EB-5 Visa Projects in China

Prominent journalist James McGregor, author of One Billion Customers: Lessons from the Front Lines of Doing Buisness in China and the 2010 report China’s Drive for “Indigenous Innovation” – A Web of Industrial Policies has been touring China discussing the U.S. economy and promoting EB-5 investments by the Midland Investment Group, a California based investment … Read moreProminent Author Promotes EB-5 Visa Projects in China