News
Search Subject: February 2014 [Clear]
February 2014 USCIS Stakeholder Meeting
Nicolas Colucci, the new USCIS EB-5 director, announced on the USCIS stakeholder call held February 26, 2014, his plans to improve the basic EB-5 program during fiscal year 2014-2015. The process will begin by hiring 100 new employees dedicated to the program, most of whom will be adjudicators. A very ambitious...
Reading the TEA Leaves
An upcoming change in the data used to determine the unemployment rate for certification of targeted employment areas (TEAs) may have consequences for funding current and future projects. The project must principally do business in a TEA at the time of the immigrant’s investment for the minimum amount to be $500,000....
Help from our Canadian Friends
The Canadian Finance Minister has abruptly announced the elimination Canada’s popular Immigrant Investor Visa Program. An estimated 45,000 Chinese investors will have their applications terminated and funds returned. Many of these investors will now be looking at our EB-5 program. The Canadian program was substantially different than the EB-5 system. Canada...
Adding the Commerce Department to the Mix
On February 4, 2014, the Brookings Institute, a Washington think-tank, released a report recommending supervisory oversight of the adjudication of regional center applications by the Commerce Department. This study supports the December findings of Homeland Security’s Inspector General that the EB-5 program exceeds the USCIS mission and should use the...