Wednesday, July 18, 2012
New USCIS Office to Manage EB-5 Program
From USCIS Director Mayorkas:
Dear
Stakeholder,
I am pleased to
announce that U.S. Citizenship and Immigration Services (USCIS) will be
creating a new office to oversee our administration of the EB-5 Immigrant
Investor program.
The EB-5 program
has spurred the creation of tens of thousands of new jobs and the injection of
billions of dollars into the U.S. economy since Congress created the program in
1990. Interest in the EB-5 program has grown exponentially in recent years,
both from domestic project developers seeking capital and foreign investors who
have the capital that can fuel economic growth. USCIS has met this
unprecedented growth and interest with a corresponding dedication of resources.
USCIS has approved more than 3,100 Form I-526 petitions in Fiscal Year 2012 to
date, more than triple the number approved in all of Fiscal Year 2009. Since
2009, we have quadrupled the size of the EB-5 adjudications team and brought on
board eight expert economists dedicated to the EB-5 program to ensure that EB-5
cases are handled expeditiously and with appropriate expertise. In the next
month, two full-time attorneys with substantial transactional experience will
enter on duty as new additions to the USCIS EB-5 program team. And by the end
of July, a special Review Board consisting of two Supervisory Immigration
Services Officers and one economist will review every pending application for
regional center designation for which a denial has been recommended, with
applicants receiving the opportunity to discuss their cases in-person before
any final adverse decision is rendered.
By now creating
a dedicated program office, we will build on these steps toward ensuring that
this important and complex program is appropriately resourced and managed under
a single leadership structure.
I am also
excited to announce that the new office will be led by a new Chief of Immigrant
Investor Programs, and that an advertisement for this new leadership position
will be posting today. Our new program chief will have significant experience
in the business world and will assume responsibility for ensuring that the
program is administered efficiently, with integrity, with predictability, and
with an understanding of today’s business realities.
We understand
that more work needs to be done to further improve our administration of the
EB-5 program. We are committed to this work. USCIS welcomes and appreciates
your input as we stand up our new EB-5 Program Office.
Thank you.
Alejandro N.
Mayorkas
Director
U.S. Citizenship
and Immigration Services
# posted by Greg Siskind @ 6:53 PM
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Dear
Stakeholder,
I am pleased to
announce that U.S. Citizenship and Immigration Services (USCIS) will be
creating a new office to oversee our administration of the EB-5 Immigrant
Investor program.
The EB-5 program
has spurred the creation of tens of thousands of new jobs and the injection of
billions of dollars into the U.S. economy since Congress created the program in
1990. Interest in the EB-5 program has grown exponentially in recent years,
both from domestic project developers seeking capital and foreign investors who
have the capital that can fuel economic growth. USCIS has met this
unprecedented growth and interest with a corresponding dedication of resources.
USCIS has approved more than 3,100 Form I-526 petitions in Fiscal Year 2012 to
date, more than triple the number approved in all of Fiscal Year 2009. Since
2009, we have quadrupled the size of the EB-5 adjudications team and brought on
board eight expert economists dedicated to the EB-5 program to ensure that EB-5
cases are handled expeditiously and with appropriate expertise. In the next
month, two full-time attorneys with substantial transactional experience will
enter on duty as new additions to the USCIS EB-5 program team. And by the end
of July, a special Review Board consisting of two Supervisory Immigration
Services Officers and one economist will review every pending application for
regional center designation for which a denial has been recommended, with
applicants receiving the opportunity to discuss their cases in-person before
any final adverse decision is rendered.
By now creating
a dedicated program office, we will build on these steps toward ensuring that
this important and complex program is appropriately resourced and managed under
a single leadership structure.
I am also
excited to announce that the new office will be led by a new Chief of Immigrant
Investor Programs, and that an advertisement for this new leadership position
will be posting today. Our new program chief will have significant experience
in the business world and will assume responsibility for ensuring that the
program is administered efficiently, with integrity, with predictability, and
with an understanding of today’s business realities.
We understand
that more work needs to be done to further improve our administration of the
EB-5 program. We are committed to this work. USCIS welcomes and appreciates
your input as we stand up our new EB-5 Program Office.
Thank you.
Alejandro N.
Mayorkas
Director
U.S. Citizenship
and Immigration Services
# posted by Greg Siskind @ 6:53 PM
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