EB-5 Pilot Program Extension of December 8th. Are we facing another short term extension?
In this special program from the offices of Cozen O’Connor in Atlanta, Ismael Fernandez, PhD (Greengate Consulting) interviews four prominent EB-5 practitioners, and service providers, including Jacqueline Talpa (Tempus), Luis Prado (EB-5 Hotels & Investments), Scott Bettridge, and Rogelio Carrasquillo (both at Cozen O’Connor). The interviews reveal how the uncertainty in legislation and regulation in the EB-5 pilot program is affecting the practice of raising money through the EB-5 Pilot program and business immigration in general. The interviews are followed by a panel hosted by Dr. Fernandez in which all guests share their opinions and predictions on how the uncertainty in the EB-5 program may roll out after December 8th.
The EB-5 Pilot Program is expiring as part of a Continuous Resolution this Friday December 8th. With no action, all Regional Centers will no longer qualify to host EB-5 projects, and the only option available to investors would be EB-5 Direct, where immigrant investors would be responsible for creating 100% of the jobs directly. Listen to experts from Cozen O’Connor, EB-5 Hotels & Investments, and Greengate Consulting, debate what to expect in the months to come.
Listen to this program to understand:
- How the uncertainty on EB-5 legislation is impacting the market
- A cost efficient solution for transferring capital and provide source of funds
- How to cope with change in EB-5 requirements
- What are the sources of uncertainty and what can we expect
- What changes are more likely in the short term
- How Regional Centers need to shift their strategy in the following months
We heard some updated EB-5 numbers this week from Charles Oppenheim, the Chief of the Immigrant Visa Control and Reporting within the U.S. Department of State.
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