New and Removed RCs

USCIS continues to designate new Regional Centers and add others to the list of Terminated Regional Centers. For the past couple years, it’s been common for large operators to apply for multiple Regional Centers even if they didn’t have immanent projects for all the centers. This secured them the potential to sponsor investments over a wide geographic area, and positioned them to move forward promptly if projects were identified. Now, however, USCIS is being aggressive about terminating any Regional Centers not currently demonstrating contributions to economic growth, and we can expect to see many dormant centers being culled from the list. I have mixed feelings about this. On the one hand, I’m not comfortable with how the Regional Center list has bloated since the loose hypothetical project standard lowered the barrier to entry to for new RCs. On the other hand, I know of well-managed regional centers that have not recently sponsored a project but are committed to the program and have strong potential for future performance, and it seems a shame to nip them in the bud. Public agencies will also be less likely to consider EB-5 as a tool for the toolkit if maintaining Regional Center designation requires ensuring a constant stream of EB-5-funded projects.

Additions to the USCIS Regional Center List, 3/9/2015 to 3/23/2015

New Terminations, 3/9/2015 to 3/18/2015

  • New Jersey Regional Center, LLC (New Jersey)
  • EB-5, MRC LLC (Michigan)
  • American Life Ventures Everett, LLC (Washington)
  • Palm Coast Florida Regional Center (Florida)

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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