Posted on 04/14/2011 by Mark A. Ivener, A Law Corporation
U.S. Citizenship and Immigration Services (USCIS) recently agreed to count jobs indirectly created outside the geographical boundaries of an EB-5 Regional Center (RC) in determining whether the RC’s business plan complies with EB-5 regulations. The policy change was expressed in a December 3, 2010, letter (PDF) from USCIS Director Alejandro Mayorkas in response to a letter from Senator Patrick Leahy, Chairman of the Senate Judiciary Committee.
Mayorkas wrote: “USCIS interprets the law to require that a regional center focus its EB-5 capital investment activities on a single, contiguous area within the defined geographic jurisdiction requested by the regional center. Nevertheless, we agree that the law does not further mandate that all indirect job creation attributable to a regional center take place within that jurisdiction. I will, therefore, ensure that USCIS policy reflects this understanding of the law.”