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EB-5 Insights Where Government Policies and Business Realities Converge

Monthly Archives: March 2012

Posted in Uncategorized

EB-5 investments are either $1,000,000 or $500,000 depending upon whether an investor can demonstrate that a project is located in a rural area or an area which has experienced unemployment of at least 150% of the national average rate. These geographical areas are known as “Targeted Employment Areas” or TEAs. It is a popular misperception… Continue Reading

Posted in EB-5 Program, Regional Center, Uncategorized

Developers and organizations in New Jersey interested in using the EB-5 program to obtain immigrant investor funds for their businesses have something to be happy about.   New Jersey has confirmed that they have changed their method for calculating high unemployment rate Targeted Employment Areas (TEAs).  At the request of interested stakeholders, the Office of Labor… Continue Reading

Posted in EB-5 Program, Immigrant Investor, Regional Center

 A regional center in New Orleans is being sued in Federal Court by 27 EB-5 investors.  The complaint which is attached here claims that defendants, William B. Hungerford Jr. and Timothy O. Milbrath, principals of Noble-RealEstate-GP, misused immigrant investors funds that were invested into their regional center.  The suit alleges that the defendants diverted $13.5 million… Continue Reading

Posted in Speaking Engagement

This Wednesday I will be speaking on a teleconference sponsored by the American Bar Association Section of Litigation, Immigration Litigation Committee addressing Hot Topics in EB-5, including: Securities Law Considerations Pitfalls in Marketing OFAC Licenses Job Creation Methodologies Bridge Financing and more! This teleconference is free of charge and open to anyone.   Please email  kalmykovk@gtlaw.com to RSVP. You… Continue Reading

Posted in EB-5 Investment, EB-5 Program, EB-5 Project, Econometric Report, Regional Center

 As we reported a few weeks back, USCIS has changed their policy with respect to the tenant occupancy method of calculating job creation.  In recent weeks, they have issued a number of Requests for Evidence (RFE) associated with I-924 petitions for either initial regional center designation or project amendment that rely on “tenant occupancy” to… Continue Reading