Sixteen EB-5 (Immigrant Investor Program) Regional Centers Terminated Recently
On January 9, 2015, USCIS terminated sixteen EB-5 regional centers. USCIS terminates regional centers that are inactive, fail to submit Form I-924A, or lack economic growth. The following terminated regional centers may not participate in the Immigrant Investor Program:
- Ecorntech Regional Center, Wisconsin
- El Monte Regional Center, California
- Gateway Georgia Regional Center, Georgia
- Hollywood Beach Regional Center, Florida
- Intercontinental Regional Center Trust of Chicago, Illinois
- Invest US Regional Center, Wyoming
- Kansas BioFuel Regional Center LLC, Kansas
- Lake Buena Visa RC, Florida
- Mamtek Regional Center, Missouri
- Michigan Renaissance Regional Center, Michigan
- North Carolina Center for Foreign Investments LLC, North Carolina
- South Florida EB-5 Regional Center, Florida
- South West Bio Fuel RC LLC, Texas
- Unibex Global Corporation, Texas
- USA Now Regional Center, Texas
- Victorville RC, California
Reason for Termination
The participation of regional centers in the Immigrant Investor Program may be terminated due to the failure of:
- Submission of Form I-924A, requested by USCIS to demonstrate the continued eligibility of center on an annual basis or on a cumulative basis; or
- Required promotion of economic growth.
Effects of Termination
Upon termination from the EB-5 program, the terminated regional centers will no longer be able to request, initiate, or promote investors or investments for any other EB-5 related projects. They also will not participate in any Immigration Investor Program.
How Does It Affect theÂ Applicant?
If you are going to be a part of the immigrant investment program, you should be aware of the USCIS terminated regional centers. You should not use an investment in a terminated regional center to establish eligibility for immigrant status beneath the Immigrant Investor Program.
Get more information about EB-5, Investment-Based Green Card, visit EB5 Green Card Program.