EB-5 Regulatory Update
On October 17, 2018, the Trump Administration released the Fall 2018 Unified Regulatory Agenda. The Agenda provided updated timelines for existing regulations including a new date for the "EB-5 Immigrant Investor Modernization" regulation to move to Final Rule on 11/00/2018 which has advanced from 08/00/2018.
IIUSA Reports on Statistics of Form I-526 for FY17
Lee Li, IIUSA Policy Analyst, recently reported on the latest addition of statistics of Form I-526 (Immigrant Petition by Alien Entrepreneur) by investor’s country of chargeability for fiscal year (FY) 2017.
The I-526 analysis aims to illustrate the newest trends and developments among the top EB-5 investor markets in FY2017.
USCIS Filing Chart (B) Update for EB-5 Applicants
Starting October 2018, USCIS will accept adjustment of status (“AOS”) applications from employment-based categories based on cut-off dates set in Chart B of the Visa Bulletin. For China EB-5 applicants, this means that eligible individuals with priority dates earlier than October 1, 2014, may file an AOS application starting on October 1, 2018.
Kraft Submits Response to Wall Street Journal Article
Last week, Invest in the USA (IIUSA), the EB-5 industry trade association, submitted the following response on behalf of Robert Kraft to the Wall Street Journal in response to their print edition commentary "No More Pay-to-Play Green Cards".
EB-5 Immigrants are Investing in our Communities and Creating Thousands of Jobs at No Cost to the
Robert Kraft Supports IIUSA Filing Amicus Brief for Visa Backlog Litigation
On September 21, 2018, Invest in the USA (IIUSA), the non-profit trade association of the EB-5 Regional Center industry, filed an Amicus Brief in support of the plaintiffs of federal litigation (Case No.: 18-cv-1732-TSC) that seeks relief to the growing visa backlog for the EB-5 visa category.
The brief augments the plaintiffs claim that a simple and legal solution
BMO Tower Continues to Climb
September 17, 2018 - Irgens Partners, through contractor J.H. Findorff & Son, is moving construction along at full speed on the BMO Harris Financial Center, a 25-story full glass, office tower. The EB-5 funded project will feature a number of amenities, including a shared multi-media conference center, common tenant lounge, and terrace on the 12th floor.
Global Water Center Celebrates 5-Year Anniversary
September 12, 2018, marks the 5th anniversary of the Global Water Center (GWC), a FirstPathway Partners EB-5 project. To commemorate these past 5 years, Governor, Scott Walker, offered a toast to the Global Water Center’s journey, most recent successes, and to making Wisconsin a leader in clean water technology.