Regional Center Retrospective The Glowing Beacons of EB5 Regional Centers
by Courtney Creedon and Jinhee Wilde
EB5 Investors Magazine has mapped out the glowing beacons of EB-5 Regional Centers . Each active regional center in the United States is indicated on this map to help you identify hotspots of EB-5 .
TIMELINE
Regional centers are active across the entirety of the United States , channeling investor funds into economic development and job-creating projects . To contact any one of these regional centers , consult our comprehensive regional center directory on page 75 , with verified contact information for active EB-5 regional centers .
November 29 , 1990 EB-5 program established through Immigration and Nationality Act
October 6 , 1992 EB-5 Regional Center program created , 300 visas set aside
September 10 , 1993 ; June 27 , 1995 Paul Virtue issues two key legal opinions , allowing investors to pool their money and allowing promissory notes
1997 Congress increases setaside visas to 3,000
1997 Consuls at U . S . embassies abroad sound the alarm , INS reevaluates EB-5
December 19 , 1997 INS General Counsel David Martin issues memo , effectively shuttering the regional center program until 2002
December 1998 Matters of Ho , Hsiung , Izummi , and Soffici . INS issues four precedent decisions , elucidating the requirements of the EB-5 program
August 16 , 2001 James F . O ’ Connor and James A . Geisler of InterBank convicted of fraud in connection with their abuse of the EB-5 program
November 2 , 2002 Congress amends EB-5 law to provide relief to those affected by 1998 changes
November 25 , 2002 Homeland Security Act signed into law , shifting INS responsibilities from Department of Justice to Department of Homeland Security
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E B 5 I n v esto rs M ag a z ine
November 25, 2002
Homeland Security Act signed into
law, shifting INS responsibilities
from Department of Justice to
Department of Homeland Security
November 2, 2002
Congress amends EB-5 law
to provide relief to those
affected by 1998 changes
August 16, 2001
James F. O’Connor and James A.
Geisler of InterBank convicted
of fraud in connection with their
abuse of the EB-5 program
EB5 Investors Magazine has mapped out the glowing beacons of EB-5 Regional Centers. Each active
regional center in the United States is indicated
on this map to help you identify hotspots of EB-5.
December 1998
Matters of Ho, Hsiung, Izummi,
and Soffici. INS issues four
precedent decisions, elucidating the
requirements of the EB-5 program
TIMELINE
December 19, 1997
INS General Counsel David
Martin issues memo, effectively
shuttering the regional center
program until 2002
1997
Consuls at U.S. embassies
abroad sound the alarm,
INS reevaluates EB-5
1997
Congress increases setaside visas to 3,000
September 10, 1993; June
27, 1995
Paul Virtue issues two key legal
opinions, allowing investors
to pool their money and
allowing promissory notes
October 6, 1992
EB-5 Regional Center program
created, 300 visas set aside
November 29, 1990
EB-5 program established through
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