In September of 2009 the boundaries of the South Eastern Los Angeles Regional Center were amended to encompass the entire 34th congressional district. This addition of over 45 square miles includes new sections of unincorporated Los Angeles county, eight new cities, and the Central City, Central City North, and Boyle Heights communities of the City of Los Angeles. Because our expanded geographic focus takes in areas which the State of California has defined as Targeted Employment Areas (TEAs), SELARC's amended Regional Center designation benefits our clients in a number of important ways.
The minimum EB-5 investment has come down from one million dollars to five hundred thousand dollars. We are now authorized to work with a greater number of employment multipliers reflecting a wider range of business and business investment. A greater diversity in investments means our clients can invest sooner and with greater security.SELARC is a California Limited Liability Company owned and operated by David B. Brearley. Mr. Brearley is a licensed attorney who has been practicing law in the state of California since 1970.
Mr. Brearley served as City Attorney for the City of Vernon from 1977 to 2000, and as special council to the city from 2000 to 2007. Over the three decades working with the city, Mr. Brearley developed an expertise in municipal representation, real property law, zoning and land use, and utilities matters. Mr. Brearley is also responsible for managing the process of creating the City of Vernon Redevelopment Agency