A key provision of EB-5 Immigrant Investor legislation, the Regional Center provision, is set to expire on September 30.  The Regional Center provision softens the job creation requirement by allowing a tally of indirect jobs created by businesses related to, but not owned by, an investment project to count towards the ten workers requirement.

A Regional Center is defined as an “economic entity. . . involved with the promotion of economic growth, improved regional productivity, job creation, and increased domestic capital investment.”  Under the program, EB-5 investors pool capital to finance projects intended to improve the local economy where the project is located.  The Regional Center program has been popular among foreign investors, with nearly 240 approved by USCIS nationwide.

Stay tuned for further developments.