Eb5 Regional Center Program for Dummies

Eb5 Regional Center Program for Dummies

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But the legislation claims you have got to invest for 2 years and that is all. Second, at one of the stakeholders conferences place on by USCIS, I asked a concern: Have you done any type of research on exactly how much money stays past the 2 years? And the response was no


Thank you, Mr. Chairman. Allow me just ask, Mr. Divine, you hear this criticism that the cash only has to continue to be invested for 2 years. Mr. Divine.






It is none much easier always than when it was in the conditions that led to the international capitalists being the ideal choice for funding things to begin with. However, hello, if it is a successful project, it earns money, and it can be sold, I do not see any kind of reason that the task ought to not have the ability to be sold and for the investor to be able to understand the return of his investment, maybe gain on his investment, simply like every other investor.

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If you have a project that is funded straight via the Immigrant Financier Program and it is thought to be employing undocumented workers, Immigration and Traditions Enforcement could check out the company, could they not? Mr. Divine.


Chairman Leahy. But that would certainly be the same with any business. Mr. Divine. Every one of these employers is needed to finish the I-9 type, but USCIS goes a step better and does a check of some kind that resulted in the case that has actually been discussed. Chairman Leahy. I am not a witness right here, but I am so struck by Mr.


I mean, I recommend that every one of you in fact-- Mr. North, in your instance, get out from inside the Beltway and rise there and chat with a few of these people. For one point, you do not have a lot of illegal immigrants that quite have the Vermont accent you listen to around there, especially when they chat regarding their grandparents that live there, and parents and more.


They will certainly state, "We have actually got regarding nine people here, and we have actually been here given that 5 o'clock this early morning, Mister." [Giggling.] Chairman Leahy. Not rather what an illegal alien could be saying. In fact, I think Mr. Stenger would certainly say that of his British investors was assuming, "Are all of us talking the exact same language here?" Mr.


I asked Mr. Stenger this. Allow me ask you what your experience is as a former firm official. What does it do if Congress keeps meeting a final reauthorization? In this instance it would certainly be, I assume, September of next year, September of 2012. What does that do to a firm attempting to administer a program if Congress waits till the last few days to reauthorize it? What is the functional effect? Mr.

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I indicate, the company essentially is-- USCIS is a fee-funded agency, so it is essentially here type of running an organization and has to cover its expenditures with the income that is generated. To run this program correctly, USCIS needs to staff up in a big way, taking care of the quantity that is currently there and preparing for the raised quantity of more investment as we get also near to fifty percent of the 10,000 visas that are offered in this classification.

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I indicate, that has got to seem like a conflicting scenario, and you would picture that it is going to hold someone back. Currently, I am not stating that they are holding back, and I understand that they are trying to staff up because I make certain they think and hope that the program will be reauthorized for the benefit of the Nation.


And is that truly where they are going to be able to invest their time and resources in attempting to get rid of up the rules of this program so that everybody knows whether they can qualify or not and which sort of tasks are going to qualify and so forth? We need that constantly.


And, Mr. Stenger, we in Vermont-- once again, a little State, yet we have the State government included with the Vermont Regional. Mr. Stenger.

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