Eb5 Regional Center Program - Questions

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However the regulation states you have actually reached invest for 2 years and that is all. Second, at one of the stakeholders meetings put on by USCIS, I asked an inquiry: Have you done any research study on just how much money remains past the 2 years? And the solution was no


Thank you, Mr. Chairman. Let me just ask, Mr. Divine, you hear this objection that the cash just has to stay invested for 2 years. Mr. Divine.






It is none easier always than when it was in the conditions that brought about the international investors being the very best choice for financing the point to begin with. Hi, if it is a successful project, it makes cash, and it can be marketed, I do not see any type of factor why the project must not be able to be sold and for the financier to be able to understand the return of his investment, possibly gain on his investment, simply like every other financier.

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If you have a job that is funded directly via the Immigrant Capitalist Program and it is thought to be utilizing undocumented workers, Migration and Traditions Enforcement could check out the employer, could they not? Mr. Divine. They could. I mean, I assume what we require to recognize also is that the instance that is being mentioned as evidence that in some cases these tasks have actually employed an unauthorized employee is one in which USCIS did some kind of monitoring and established that the employee was not authorized and quit it.


Chairman Leahy. That would certainly be the exact same with any type of firm. Mr. Divine. Every one of these companies is required to finish the I-9 form, yet USCIS goes a step additionally and does a check of some kind that resulted in the instance that has been stated. Chairman Leahy. I am not a witness right here, yet I am so struck by Mr.


I imply, I advise that all of you in fact-- Mr. North, in your case, go out from inside the Beltway and go up there and speak with several of these people. For one point, you do not have too lots of illegal aliens who fairly have the Vermont accent you hear around there, particularly when they speak about their grandparents who live there, and moms and dads and so forth.


Mr.


I asked Mr. Stenger this. Mr.


I mean, the agency in firm isResult USCIS is a fee-funded agency, company it is essentially kind of running a business and organization to cover its expenses with expenditures income that revenue generated. To run this program correctly, USCIS requires to staff up in a large method, dealing with the volume that is already there and expecting the increased quantity of more financial investment as we get also close to fifty percent of the 10,000 visas that are offered in this category.

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I indicate, that has reached really feel like a clashing situation, and you would think of that it is going to hold someone back. Now, I am not claiming that they are keeping back, and I recognize that they are trying to more info staff up since I make sure they believe and really hope that the program will certainly be reauthorized for the advantage of the Country.


And is that actually where they are going to be able to invest their time and resources in trying to clear the policies of this program to make sure that everybody knows whether they can qualify or not and which kinds of jobs are going to certify etc? We require that constantly.


And, Mr. Stenger, we in Vermont-- once again, a little State, however we have the State federal government involved with the Vermont Regional. Does that include advantages to Vermont's program? Mr. Stenger. The reality that the State of Vermont is the local facility manager, and really I think you would call it the owner of the regional facility, has actually been a remarkable benefit.