“Material Change” AAO Decisions Published

August 26, 2010 Leave a comment

The USCIS website has now published the famed “material change” decision involving the Philadelphia Industrial Development Corporation (PIDC), which is managed by CanAm Enterprises. The decision is a scary-must read for all those regional centers out there whose project plans or area demographics might change over time, or who thought they could use bridge loans. I previously posted a summary of the PIDC decision. An additional denial involving Capital Area Regional Center Job Fund has also been published. My summary of the CARc decisions, which also involve material change and acceptable use of funds, can be reviewed below.

Filed under EB-5 Law & Policy

EB-5 Stakeholder Meetings 2010-2011

August 17, 2010 Leave a comment

The USCIS Office of Public Engagement has issued an invitation to its EB-5 Stakeholder Events for Fiscal Year 2011:

October 14, 2010: Teleconference only
December 16, 2010: Teleconference only
March 17, 2011: In person at the California Service Center and by teleconference
June 16, 2011: Teleconference only
September 15, 2011: In person in Washington DC and by teleconference

Mark your calendars! These events offer important insight into the ever-developing USCIS understanding of the EB-5 program, and interesting practical questions are raised and sometimes answered. The invitation includes information on how to RSVP and submit agenda items.

Filed under EB-5 Events, EB-5 Resources

Lansing RC in The New Republic

August 5, 2010 Leave a comment

The New Republic (August 5, 2010) has a positive article on the potential of EB-5 investment (presented as synonymous with Chinese investment) to benefit the Lansing area economy, and particularly Michigan State University.

Filed under EB-5 in the News

Up-coming EB-5 Seminars

August 1, 2010 Leave a comment

AILA CLE Conference on EB-5 (Boston 8/27/2010)

“Investing in America — Making EB-5 Work for Your Clients and Your Practice” is an AILA-hosted CLE conference devoted to EB-5, to be held in Boston on August 27, 2010. Track 1 sessions are designed for the new EB-5 practitioner, providing an overview of the law, recommended protocol for determining whether EB-5 is an appropriate client strategy, and information on preparing and filing an EB-5 case. Track 2 sessions for EB-5 veterans cover matters such as strategies for success in country-specific cases, matters related to source of funds, securities laws and compliance issues, and considerations relevant to the actions of promoter agents and finders fees. Early bird registration ends August 13.

EB-5 Seminars (Chicago 8/30-31/2010)

Regional Center Development (Monday, August 30, 2010) hosted by Wright Johnson, LLC. Topics include legal issues and application processing, econometrics and project planning, investor marketing, private placement memoranda, business plans, and escrow agreements.

Regional Center Promotion (Tuesday, August 31, 2010) hosted by Artisan Business Group. The seminar will discuss in detail issues related to Regional Center promotion in the Chinese market and working with immigration agencies and brokers.

Filed under EB-5 Events, EB-5 Resources