Ready, set… delay!

The good news: the EB-5 community is on a roll. I spent the weekend in Las Vegas taking part in two excellent EB-5 seminars (one organized by Wright Johnson and McAdam & McCarthy, the other by Brian Su of Artisan Business Group). Listening to the presentations by legal, financial, economic, and marketing professionals, I was impressed by how far we’ve come over the past couple years in getting this complicated EB-5 process figured out. The packed-out audiences testified to how excited businesses still are about the EB-5 opportunity.

The bad news: NOTHING IS HAPPENING OVER AT USCIS! Only two regional centers approved so far this year! Come on California Service Center! It’s almost March! We know you have over 100 applications waiting on your desks! What happened to all those new adjudicators you hired last year? They’re not hustling with I-526 petitions for investors either. The latest CSC processing time report (as of 2/14) has given up claiming a five month processing for the I-526 and admits that last week they were starting to process petitions filed on 7/13/2010. I understand that last year was challenging, with the new filing fees bringing a flood of RC applications, and a flock of new Regional Centers bringing in a larger volume of investor petitions. But the immigration service is going to have to step up its game a little if this program is going to survive. Job growth is waiting!

By the way, the talk on EB-5 business plans that I presented in Las Vegas is available to anyone interested in current strategies for presenting your business in the context of Regional Center applications and investor petitions. Please email me if you’d like a copy.

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

2 Responses to Ready, set… delay!

  1. David Perez says:

    WIth over 200 applications submited before the November deadline, I wonder if they will implement any additional explicit requirement to qualify as a regional center (e.g. networth, experience, etc…).

  2. I don’t know that USCIS could add any explicit additional requirements not in the regulations, and they aren’t called on to limit the total number of regional centers. But presumably the volume and quality of the RC applications will in practice affect the adjudication process.

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