Computerized Method And System For Financing By EB-5 Investor Visa Regional Center

A computer-implemented financed commercial economic system and method for EB-5 immigrant investor visa programs through a regional center directed to promotion of economic growth, improved economic regional productivity, job creation and increased capital investment, in which EB-5 investors by a capital investment for economic commercialization of projects and an electronic database accessible through a communications network to maintain regional center and EB-5 investor information, with an escrow account of funds from sales of products produced in by the projects, and returning of capital investments to the EB-5 investors after a pre-determined period of time with the proceeds of the escrow account.

DESCRIPTION
FIELD OF THE INVENTION
The invention relates generally to computer software. More specifically, the invention relates to methods and systems for financing investments that meet the requirements of the United States government's EB-5 immigrant investor visa program.

BACKGROUND OF THE INVENTION
The United States Customs and Immigration Service (“USCIS”) administers the Immigrant Investor Program, also known as “EB-5,” created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors. Certain EB-5 visas are set aside for investors in regional centers designated by USCIS based on proposals for promoting economic growth. Regional centers may be any economic entity, public or private, which is involved with the promotion of economic growth, improved regional productivity, job creation, and increased domestic capital investment. Investments made through regional centers can take advantage of a more expansive concept of job creation, including both “indirect” and “direct” jobs.

The organizers of a regional center seeking the “Regional Center” (“RC”) designation from USCIS must submit a proposal, supported by economically or statistically valid forecasting tools, showing how the regional center plans to focus on a geographical region within the United States. The proposal must explain how the regional center will promote economic growth in that region, in verifiable detail (using economic models in some instances), jobs will be created directly or indirectly through capital investments made in accordance with the regional center's business plan. In addition, the proposed regional center must demonstrate the amount and source of capital committed to the regional center; the promotional efforts made and planned for the business project; and how the regional center will have a positive impact on the regional or national economy.

All EB-5 investors must invest in a commercial enterprise that will create or preserve at least 10 full-time jobs for qualifying U.S. workers within two years (or under certain circumstances, within a reasonable time after the two-year period) of the immigrant investor's admission to the United States as a Conditional Permanent Resident. Jobs created may be either direct or indirect jobs: Direct jobs are actual identifiable jobs for qualified employees located within the commercial enterprise into which the EB-5 investor has directly invested his or her capital, and indirect jobs are those jobs shown to have been created collaterally or as a result of capital invested in a commercial enterprise affiliated with a regional center by an EB-5 investor.

The minimum qualifying investment in the United States is $1 million, although the minimum qualifying investment either within a high-unemployment area or rural area in the United States is $500,000.

The economic models used to demonstrate the projected job creation impact and to prove actual job creation may be of any form, as long as they are recognized as legitimate models. As a result, for some time it has been known that computerized economic models such as RIMMS II and IMPLAN may serve this purpose. However, no one has addressed the complexities added by attempting to model and finance massive construction projects within the requirements of the EB-5 program, including the difficulty of identifying and describing the thousands of job positions created under dozens of contractors working on the projects, not to mention physically identifying associated federal tax documents relating to the same. Moreover, the complex task of handling the scores of instructions, transactions, storage functions, deliveries of funds and bonds, and record keeping entailed by the actual financing associated with such massive projects has not been addressed. All of these potential problems highlight the need for a method for platinum government bond financing by an EB-5 regional center that addresses the complexities of massive projects with extremely high levels of financing required, staggered issuing of bonds, multiple spending cycles, multiple sectors, and thousands of created jobs.

Accordingly, there is a need in the art for a method and system for increased promotion of economic growth, improved economic regional productivity, job creation and increased capital investment. It is to such that the present invention is directed

SUMMARY OF INVENTION
The preferred embodiments of the invention provide, among other things, a computerized method and system for automating and facilitating the performing and processing of tasks, information transfer, and storage associated with the financing investments that meet the requirements of the United States government's EB-5 immigrant investor visa program.

Advantages of the present invention include providing a smoother, simpler, continuous process from the beginning to the end of the entire financing process; reducing work by all parties, allowing the process to be more highly automated, eliminating and reducing work currently being performed manually; reducing redundant and repetitive tasks of manually entering the same information numerous times in different computer programs, so information can be entered once for the entire transaction, not just portions of the transaction; allowing transaction information to be instantly available to immediately perform additional tasks anywhere in the process; reducing the cost of completing a transaction; reducing the number of personnel necessary to complete a transaction; and providing for greater reliability to be built into the process.

The present invention meets the need in the art for increased promotion of economic growth, improved economic regional productivity, job creation and increased capital investment by financing commercial economic activity that meets the requirement of the United States government EB-5 immigrant investor visa program. Particularly, the present invention provides a computer-implemented method of financing commercial economic activity that meets the requirement of the United States government EB-5 immigrant investor visa program, comprising the steps of:

forming a regional center directed to promotion of economic growth, improved economic regional productivity, job creation and increased capital investment;

obtaining EB-5 investors to participate in the regional center by a capital investment in an entity for economic commercialization of a plurality of projects undertaken by the entity;

maintaining on an electronic database the regional center and EB-5 investor information accessible through a communications network;

providing a company to manage the economic commercialization of the projects;

establishing an escrow account to hold funds arising from sales of a plurality of products produced by the projects; and

returning the capital investments to the EB-5 investors after a pre-determined period of time with the proceeds of the escrow account,

whereby the regional center being provided with EB-5 investment capital develops economic commercialization projects that meets the requirements of the EB-5 immigrant investor visa program.

In another aspect, the present invention provides a computer-implemented financed commercial economic system that meets the requirement of the United States government EB-5 immigrant investor visa program, comprising a regional center directed to promotion of economic growth, improved economic regional productivity, job creation and increased capital investment. A plurality of EB-5 investors participate in the regional center each by a capital investment in an entity for economic commercialization of a plurality of projects undertaken by the entity. An electronic database accessible through a communications network maintains the regional center and EB-5 investor information. A public company manages the economic commercialization of the projects, and an escrow account holds funds arising from sales of a plurality of products produced by the projects. An analyzer returns the capital investments to the EB-5 investors after a pre-determined period of time with the proceeds of the escrow account. The regional center being provided with EB-5 investment capital develops economic commercialization projects that meets the requirements of the EB-5 immigrant investor visa program.

Other aspects and advantages of the invention will be apparent from the following description and the appended claims.

FIG. 1 shows a flow chart diagram of the method of the present invention.

FIG. 2 illustrates a System Overview and Architecture Showing Ancillary Databases and Systems Detail for platinum bond financing by EB-5 investor visa regional center.

FIG. 3 illustrates a System Overview and Architecture of a computerized method for platinum bond financing by EB-5 investor visa regional center.

FIG. 4 illustrates a view depicting Basic Financing and Workflow Process.

FIGS. 5A and 5B illustrate in schematic view an EB-5 investor program using a regional center system.

FIGS. 6A and 6B illustrate a flow chart of the EB-5 process using a regional center in accordance with the present invention.

http://www.google.com/patents/US20130282613

Mentions

• Michael Mattox
• Access the USA, LLC