Nearly 200 new RC applications/amendments pending?

I just received this sobering update through IIUSA, an EB-5 trade organization:

A CSC Case Officer has reported, via response to the EB-5 Program e-mailbox, that over 100 Regional Center applications/amendments were received by the CSC prior to the 11/23/10 deadline to avoid the new filing fee.

At the 10/14 EB-5 stakeholder’s meeting, USCIS reported 83 RC proposals and 11 amendment requests pending. If these “over 100” applications received by 11/23 are in addition to those 94 pending, that’s a lot of applications! What is this going to do to processing times? What will happen to the market? We already have over 100 approved regional centers. How many more offerings can the market take? Are there enough wealthy risk-tolerant potential immigrants to go around? I also wonder about the quality of all those proposals rushed in under the deadline. Can I look forward to doing a brisk business in helping people respond to RFEs, or should I retreat to grant-writing assuming an EB-5 bust on the horizon? California Service Center, how would you like to hire an EB-5 business plan expert as an adjudicator? Make me an offer!

About Suzanne (www.lucidtext.com)
Suzanne Lazicki is a business plan writer, EB-5 expert, and founder of Lucid Professional Writing.

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