With a large number of Chinese EB5 investors waiting in 15+ year retrogression lines, there is a necessity of redeployment of their EB5 capital. USCIS has not yet provided any guidance on the redeployment of EB5 capital. If USCIS provides guidance applying the same standards for redeployment as the currently existing TEA standards, it would mean a massive influx of redeployed EB5 capital to rural projects--which would dwarf any new EB5 investment rural projects can get. We urge rural projects to grasp the sheer magnitude of this opportunity--hundreds of millions of dollars are being redeployed each month--with the redeployed EB5 money alone (without any new EB5 investments) all the rural projects currently in the market, and all the rural projects currently contemplated will be full funded, and awash in money. Rural projects should reach out to their Congressional representatives as well as USCIS to make good use of the new TEA guidelines for the benefit of job creation in rural areas.
- New York
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