Tuesday 28 June 2011

USCIS Approves Six New EB-5 Regional Centers

USCIS has approved six new EB-5 Regional Centers in California, Georgia, Hawaii and Oregon under the EB-5 Immigrant Investor Pilot Visa Program. These centers will enable immigrants who are investing $500,000 or more the option of obtaining a temporary green card and a path to citizenship.

California

The California Golden Fund, with a geographic focus of Los Angeles, Orange, Riverside and San Bernadino counties, will focus on the following industries: accommodations; food services; professional, scientific and technical services; manufacturing; retail trade; and construction.

The Global Premier America Regional Center LLC, with a geographic focus of Los Angeles, Orange, Kern, Ventura, Santa Barbara, San Luis Obispo, Monterey, San Benito, Santa Clara, Alameda, Santa Cruz, San Mateo, and San Francisco counties, will focus on the following industries: retail trade; food services; and healthcare and social assistance.

The Inland Empire Renewable Energy Regional Center, LLC, with a geographic focus of Los Angeles, Orange, Riverside and San Bernardino counties, will focus on the following industries: administrative services; business support services; retail; distribution; education; construction; and engineering and design.

Georgia

The Georgia Regional Center, LLC, with a geographic focus of the metro Atlanta area (including Barrow, DeKalb, Lamar, Bartow, Douglas, Meriwether, Butts, Fayette, Newton, Carroll, Forsyth, Paulding, Cherokee, Fulton, Pickens, Clayton, Gwinnett, Pike, Cobb, Haralson, Rockdale, Coweta, Spalding, Dawson, Henry, Walton and Jasper counties), will focus on the development of student housing projects in greater Atlanta. This regional center has been approved to develop EB-5 investment projects that focus on student housing, real estate construction, education services and food services.

Hawaii

The Hawaiian Islands Regional Center, LLC, with a geographic focus of Hawaii, will focus on nursing care facilities; home health care services; management of companies and enterprises; and construction.

Oregon

The Oregon Regional Center, with a geographic scope of Oregon, will focus on the following industries: manufacturing; retail trade; professional, scientific and technical services; education services; healthcare and social assistance; and accommodations and food services.

The EB-5 Visa is an employment-based immigrant visa, created in the Immigration Act of 1990. Under this visa category, up to 10,000 immigrant visas can be offered each year to qualified individuals seeking to permanently remain in the U.S. based on their investment in a commercial business. In 1993, Congress began the Immigrant Investor Visa Program to better utilize this visa category. Through the creation of Regional Centers, the U.S. government hoped to increase the amount of people that would take advantage of this novel and economically advantageous method to immigrate to the United States, while creating jobs and economic growth for U.S. regions.

Twitter Delicious Facebook Digg Stumbleupon Favorites More