FY2019 Q1 EB-5 Petition Processing Statistics
April 19, 2019 33 Comments
USCIS has updated the Immigration & Citizenship Data page with data for petitions processed in FY2019 Q1 (October to December 2018).
The data shows that the Investor Program Office had an unproductive first quarter, with the fewest EB-5 forms processed since 2016. No wonder processing times remain long. Sometimes the data reflects a workload trade-off (e.g. fewer I-526 but more I-829 processed), but FY19 Q1 just had very low output overall. What’s up, IPO? Are you losing staff? Burning time with extreme-vetting RFEs? I-526 and I-829 receipts were up from the previous quarter, but still relatively low.
The All Forms report is interesting as a reminder of just how small EB-5 is in the grand scheme of employment-based petitions, and because the report now has separate line items for I-924 and I-924A.
All regional centers that want to remain in good standing should file the I-924A annual report between October and December, yet the report shows only 322 I-924A receipts for Oct-Dec 2018. Did the rest of the 885 currently-approved regional centers decide that designation isn’t worthwhile anymore? Or does the report not capture actual I-924A submissions? Certainly I-924 filings remain very low. No surprise considering the high form fee, the difficulty of operating in the current environment, and the fact that exemplar approvals have no value if they come too late to be usable.
UPDATE: I’ve added a EB-5 Timing page to collect links to data and posts related to EB-5 visa availability, visa allocation, and wait times. If you would like to order a personalized timing estimate, see the EB-5 Timing Estimates Page.
RC List Updates
There has been little activity on the USCIS regional center list since the beginning of the year.
Additions to the USCIS Regional Center List, 12/31/18 to 04/19/19
- BC East Coast Regional Center LLC (Pennsylvania)
- EB5 Affiliate Network Washington, D.C. Regional Center, LLC (District of Columbia)
- Pride Capital, LLC (New York)
- Greystone EB5 Southeast Regional Center LLC (former name Greystone Florida Regional Center LLC) (Florida) (This RC had previously been terminated for inactivity — termination letter here.)
Removed from the approved list, but not added to the terminated list
- Three Streams Mid-Atlantic Regional Center (Maryland)
New Terminations
- San Francisco Regional Center (California) Terminated 2/13/2019
- Midwest Investment Fund, LLC (Indiana, Kentucky, Ohio) Terminated 2/5/2019