New RC (CA, IL, IN, MT, NC, NJ, PA, TN, UT, WA, WI), EB-5 Statistics, New SEC Rule

The USCIS Ombudsman’s Office 2013 Annual Report to Congress includes an interesting compilation of data on EB-5 petition processing and EB-5 Visa Usage.

EB-5 IMMIGRANT INVESTOR PROGRAM VISA DEMAND
Visas

FILING DATA ON FORM I-526, IMMIGRANT PETITION BY ALIEN ENTREPRENEUR RECEIPTS
I-526

FILING DATA ON FORM I-924, APPLICATION FOR REGIONAL CENTER UNDER THE IMMIGRANT PILOT PROGRAM
I-924

So far, 2013 is looking like a better year for I-924 approvals. Last week USCIS updated its list of approved Regional Centers with 12 new Regional Centers, for a total of 70 new centers approved this year. I suspect that I-924 processing has unclogged in part because the option of approving I-924 applications without granting deference to the I-924 documents allows USCIS to defer serious review and hard decisions to the I-526 stage. USCIS is circumventing its deference policy with a deferrence policy, as it were. However, I’m happy to see some good applications getting approved. Congrats to OIS-NCA LLC for getting Regional Center approval in less than a year without an RFE, to Chicago Healthcare Fund Regional Center for achieving not only I-924 approval but also Exemplar I-526 approval (a rarity these days), and to Utah Invest Regional Center for triumphing over an arduous review process. I would congratulate the rest of you too if I had more information. Please share your approval letters and contact info with the community!

New Regional Centers

California

California Development Regional Center
Website: http://www.caldevrc.com/

OIS-NCA LLC
Website: http://ois-usa.com/
Geographic Area: California counties of Alameda, Contra Costa, San Francisco, San Mateo, and Santa Clara
Industry Categories: Nonresidential Building Construction (NAICS 2362), Traveler Accommodation (NAICS 7211)
Designation Letter

Waylee Investment, LLC

Illinois

Blue Ribbon Regional Center, LLC

Northern Illinois Regional Center
http://www.cabreracapital.com/

Illinois, Indiana, Wisconsin

Chicago Healthcare Fund Regional Center
Website: http://www.eb5chicagohealthcarefund.com/
Email: info@chicagohealthcarefund.com (Managing Director: Ari Weinberger)
Geographic Area:
Illinois counties: Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry, Will
Indiana counties: Jasper, Lake, Newton, Porter
Wisconsin county of Kenosha
Industry Categories: Assisted Living Facilities for the Elderly (NAICS 623312), Commercial and Institutional Building Construction (NAICS 236220)
Designation Letter

Montana

USA Montana Energy Regional Center
Website: http://usamerc.com/

New Jersey, Pennsylvania

Lion’s Regional Center
Website: http://www.lionspd.com/

North Carolina, Tennessee

Appalachian EB-5 Regional Center

Utah

Utah Invest Regional Center, LLC
Website: http://www.utahinvest.com/
Geographic Area: Utah counties of Box Elder, Cache, Carbon, Daggett, Davis, Duchesne, Emery, Garfield, Grand, Juab, Millard, Morgan, Piute, Salt Lake, San Juan, Sanpete, Sevier, Summit, Toole, Uintah, Utah, Wasatch, Wayne, Weber
Industry Categories: Personal Care Services (NAICS 8121), Motion Picture and Video (NAICS 5121)
Designation Letter

Washington

WRC EB-5 Regional Center, Inc.
Website: http://www.wrceb5.com/

Yareton Investment Funds Regional Center
Website: http://www.yareton.com/

(Note: See my Regional Center directory page for my most updated listings for all RCs. And please email me if you would like to provide additional information regarding your RC.)

Finally, I recommend the article What the SEC’s Elimination of the Prohibition on General Solicitation for Rule 506 Offerings means to the EB-5 Community by John Tishler, posted on the Sheppard Mullin blog on July 12, 2013.

About Suzanne (www.lucidtext.com)
Lucid Professional Writing provides writing and editing services for businesses and scholars, and specializes in assisting clients to prepare business plans for filing with U.S. Citizenship and Immigration Services.

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