EB-5 News & Updates #131 June 20-27
Posts
 | Protect and Expand EB-5 to Keep America Open for Business | |
| When we think about the ways that America competes in the global economy, trade, taxes, and regulations are the primary issues that come to mind. Often overlooked is the role that immigration can play, particularly when it comes to... | ||
 | American promise sold out! | |
| The New York Time reported this On June 25, 2019; I encourage all to read the article By Azam Ahmed and Kirk Semple "MEXICO CITY — The father and daughter lie face down in the muddy water along the banks of the Rio... | ||
Updates
Project Updates | ||
 | EB-5 lawsuit settled in South Dakota Supreme Court | |
| A lawsuit stemming from the EB-5 program has ended with a settlement. The company that provided more than $30 million to build the... | ||
 | Successful PA Turnpike/I-95 interchange project drives numerous local, state, regional benefits | |
| The Pennsylvania Turnpike/Interstate 95 Interchange Project completed last year to connect the more than 1,900-mile I-95 from Maine to... | ||
 | SEPTA: Protect public infrastructure projects funded via EB-5 Immigrant Investor Program | |
| The Southeastern Pennsylvania Transportation Authority (SEPTA) recently asked federal lawmakers to protect the eligibility of public... | ||
 | Jay Peak sale draws interest; Burke remains on hold | |
| The Hotel Jay at Jay Peak Resort. More than two dozen entities have expressed interest in reviewing the financials of Jay Peak as... | ||
Regional Center Updates | ||
 | CMB's Group 18 Has Received Full Repayment of $65 Million in EB5 Investment Capital From It's Borrower Prior to the Maturity Date | |
| It comes with great pleasure to announce the CMB’s Group XVIII (18) loan has been repaid in full, prior to the maturity date. Group 18 loaned a total of $65,000,000 in EB-5 investment capital to a Hillwood Development Company affiliate (Hillwood)... | ||
 | Visa Scam: EFCC re-arraigns American for allegedly defrauding three Nigerians of $565,000 | |
| The anti-graft agency, EFCC, on Thursday re-arraigned an American, Marco Ramirez, for allegedly defrauding three Nigerians of $565,000. The Economic and Financial Crimes Commission (EFCC) said it charged Mr Ramirez before a judge,... | ||
Firms Updates | ||
 | USCIS International Offices to No Longer Accept Form I-407 Starting July 1, 2019 | |
| Starting July 1, 2019, international offices of the U.S. Citizenship and Immigration Services (USCIS) will no longer accept Form I-407, Record of Abandonment of Lawful Permanent Residence Status. On that date and going forward, all I-407 forms... | ||
 | India EB-5 Retrogression Has Arrived | |
| The July 2019 Visa Bulletin has been released, and it confirms retrogression for the EB-5 visa category for nationals of India, earlier than many in the industry had anticipated. As of July 1, 2019, only approved Indian EB-5 investors whose... | ||
User Updates | ||
 | FY2019 Q2 EB-5 Petition Processing Report | |
| USCIS has updated the Immigration & Citizenship Data page with data for petitions processed in FY2019 Q2 (January to March 2019). The results are shocking. Instead of recovering from the already-dramatic 37% decrease in processing... | ||
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