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  • May 27 - Four Flavors of EB-5 Jobs Programs

    Comment: Four Flavors of EB-5 Jobs Programs
    From the policy perspective there are four flavors of EB-5 jobs programs.

    • "But for" Projects: Projects that would not be possible but for EB-5
    • "Extra Profits" Projects that don't need EB-5 capital; and EB-5 produces extra profits
    • "Hands on" Eb-5 Investments
    • "Pooled Direct" where multiple direct investments are pooled under an common management
    1. "But for" Projects: Projects that would not be possible but for EB-5: Bill Stenger of Jay Peak notes that investors from Montreal and Boston will not invest in projects like his because the project is too far away from these densely populated areas. These projects need EB-5 capital to be built at all and typically 90% of their capital is from EB-5. These projects are typically in economically disadvantaged areas and create jobs in these areas that have relatively fewer employment opportunities. This is consistent with the original intention of EB-5 as a regional development program for economically disadvantaged areas and these projects create jobs that would otherwise not be created. They carry the usual start-up risks. This option creates extra jobs but carries high risk for the investor.

    2. "Extra Profits" Projects that don't need EB-5 capital; and it produces extra profits for the promoters: Projects such as those located in major cities, are not exactly in an economically disadvantaged area. They also have ample sources of capital from multiple sources. For such projects, EB-5 capital obtained at interest rates far below the market level through EB-5 produces extra profits for the project. These projects create no extra jobs other than those that would be created anyway through regular financing. As EB-5 capital is only a small part of the capital stack the risk is reduced for the EB-5 investors. This option creates no extra jobs but carries low risk for the investor.

    3. "Hands on" In this EB-5 route the immigrant takes the full risk of running the business and creating the jobs. Only the actual number of W-2s is counted towards the job creation number, so Hands on EB-5 investments create jobs in a manner consistent with the program's original intent. This option creates extra jobs but carries high risk for the investor.

    4. "Pooled Direct" Provides reduced risk through pooling of direct investments: This model reduces the risk and work for the investor over a hands-on investment by pooling of investments and by use of centralized professional management to replace individual entrepreneurial involvement by the investor. Only directly created jobs can be used towards the EB-5 job creation requirement. This option creates extra jobs and carries lower risk for the investor.

    As best as we can estimate, currently the bulk of the EB-5 investment (85%) is taking place in the "Extra Profits" category of projects where only a small sliver of EB-5 capital is used to lower the overall cost of capital. Remaining 15% is distributed evenly between the category of projects that would not be built but for EB-5 capital, Hands on investments and pooled direct investments. The EB-5 program was originally conceived to be focused on the "But For" and "Hands on" projects and has expanded radically to include these four different flavors.

    Share your thoughts by writing to editor@ilw.com.

    Article: Increased Brazilian Interest in EB-5: Why EB-5 Visas are a Good Option for Brazilian Investors. By e-Council Inc

    Article: Changes to Canada's China Transit Program. By Benjamin A. Kranc

    Blogging: DAPA Implementation Further Delayed by the Fifth Circuit. By Greg Siskind

    Blogging: More Examples of Border Patrol Using Excessive Force Against US Citizens. By Matthew Kolken

    Blogging: Four Indicted for Conspiring to Harbor Undocumented Workers. By Bruce Buchanan

    Blogging: Footnote May Show Why 5th Cir. Upheld Exec. Action Stay. By Roger Algase

    News: CRS Report on Unaccompanied Children from Central America: Foreign Policy Considerations

    Focus: The Hi-Tech PERM Workshop National Harbor, MD (Washington D.C. Area) - Final Deadline
    ILW.COM is proud to announce that the Hi-Tech PERM Workshop will be taking place on June 17, 2015 in National Harbor, MD (Washington D.C. Area). Speakers include: Joel Stewart (Discussion Leader), Rami Fakhoury, Matt Morse, Michael Piston, Larry Rudnick, Edwin R. Rubin, Pradeek Susheelan, Rohit Turkhud, Nathan Waxman and others to be announced. The curriculum is as follows:

    Session 1:
    What's the Law?
    • Chevron Deference & Sub-Regulatory Rulemaking
    • Statutory Authority
    • Regulations: 20 CFR and Others
    • Instructions on the Forms
    • Instructions For Electronic Filing
    • BALCA
    • FAQ's
    • Stakeholder Guidance,
    • Memoranda
    • Other Guidance
    • Conflict with State Laws
    Analysis of IT Occupations:
    • O*Net Occupations Used in High Tech Applications
    • How to Use the Occupational Outlook Handbook
    • High Tech Hierarchy: Technicians, Engineers, Managers
    • Travel: Unanticipated Locations, Home Office and Telecommuting and Relocation
    Session 2:
    Minimum Requirements for Occupations:
    • SVP - Are Requirements normal in the US?
    • Alien Experience and Education Gained While On the Job
    • Actual Minimum Requirements
    • Combination of Job Duties
    • "Language" Requirements
    • Training Requirement
    Alien Qualifications:
    • Comparison of American, European, and Asian Diplomas
    • Equivalency Standards: H-1b, PERM,
    • Educational Evaluators
    • What is an Equivalency?
    • Combining Education and Experience
    • What is Training?
    • Paid vs. non-paid experience.
    Prevailing Wage Calculations
    • O*Net Occupations without PW Data
    • November 2009 Prevailing Wage Guidance
    • The Point System
    • The Four Levels
    • Requesting Review of Determinations
    Session 3:
    Recruitment:
    • Basic Recruitment: Choice of Newspapers or Professional Journal
    • 10 Professional Recruitment Options
    • Notice Requirements: 10 Day Notice of Filing and Other Media
    • 30 Day Job Order at SWA

    Identifying Referrals and Applicants:

    • Dealing with State Work Force Agencies
    • Electronic On-Line Job Applications vs., Traditional Resumes
    • Determining Qualified Workers
    • Responding to Applicants
    • Recruitment Report
    Special Problems for IT Workers:
    • Progression from F-1 to Permanent Residency
    • Self-Employment, and Portability
    • Quirks to Transition from H1B1's, E-3's and NAFTA temporary work status
    Session 4:
    Audit Responses and Appeals:
    • Special Audit Problems
    • Supervised Recruitment
    • Denials without Audit
    • Requests for Reconsideration
      • Regular Queue
      • Government Error Queue
    • Requests for Appeals to BALCA
    • Options for Federal Court Litigation

    Nathan's High End Potpourri:

    • National Interest Waivers
    • 2nd Preference Exceptional Aliens Instead of Advanced Degrees
    • Schedule A Exemptions

    For additional information, including speaker biographies, and to register, please see:
    Online: http://www.ilw.com/workshops/june2015perm.shtm
    Fax: http://www.ilw.com/workshops/june2015perm.pdf

    The Final Deadline is June 10th. Don't delay, act today!

    Headline: Illegal Immigration To The U.S. Caused By Globalization? Click here
    Headline: Immigration Reform News and Impact on US Homeland Security May 27, 2015 Click here
    Headline: Immigration Court Director Calls for Overhaul of Broken System Click here
    Headline: Democrats sign letter urging US to close 'harmful' immigration detention centers Click here
    Headline: Appeals court rules with states challenging Obama's immigration action Click here

    Help Wanted: Immigration Paralegal
    Tampa, FL. Buchanan Ingersoll & Rooney PC is seeking an experienced Immigration Paralegal in our Tampa, FL office. Position Overview: Provide paralegal assistance to high volume immigration law practice supporting two attorneys. Practice involves business and family cases regarding nonimmigrant, immigrant and citizenship matters. Duties/Responsibilities: Handle telephone communications with clients, attorneys and staff. Extensive client interaction. Document and client billing organization. Liaise with various government agencies. Assist in document preparation and revision. Maintain working knowledge of current immigration policies, practices, procedures, formats, and terminology. Other duties as assigned. Knowledge/Experience: Four year degree preferred. 5+ years' immigration experience. Excellent communication skills required for effective client contact in high volume, high profile immigration practice. Superior organizational skills and ability to keep high volume practice organized with strong case management skills. Ability to work independently as well as part of a team. Advanced skills in computer technology using MS Word, Excel, Outlook. Ability to meet deadlines in an environment with frequent interruptions. Flexibility to work occasional overtime. Please apply on line at www.bipc.com >careers>professional staff, or click here.

    DNA Testing
    With over a decade of experience and access to over 5000 collection centers nationwide, DNA Lab Center is one of the leaders in the DNA testing industry. All DNA Tests performed are accredited by the A.A.B.B. (the American Association of Blood Banks) and within the guidelines set forth by the DHS. Our reports are accepted by the Consular Section at the embassy, the U.S.C.I.S., and American Citizen Services offices. Every sample collection performed follows a strict chain-of-custody allowing the results to be notarized and court admissible. Using the most advanced technology in the industry, DNA Lab Center is able to reach 99.9 % accuracy on each test we perform. DNA Lab Center will coordinate shipping the DNA collection kit(s) to the embassy requesting the test and will also provide all contact information to embassy personnel for scheduling the beneficiary's appointment. You can be confident your clients will receive the utmost care, consideration, and confidentiality throughout this process. English, Spanish, French and Hebrew spoken. Contact: 866-940-4DNA, 866-720-3550, 718-940-4DNA, info@dnalabcenter.com Website: http://www.dnalabcenter.com.

    Foreign Credential Evaluations
    Why do the largest law firms, corporations, universities in the U.S. choose AETS for their foreign credential evaluations? As the nation's leader in foreign credential evaluations and translations, American Evaluation & Translation Service, Inc (AETS) provides the most competitive rates in the industry - $75 educational evaluations using Aacrao EDGE, as well as $300 "expert opinion" work experience and position evaluations completed by PhD university professors who have the authority o grant college level credit for work experience and/or raining. AETS offers a variety of turn-around times, including same-day service for educational, work experience, and position evaluations. For a list of rates and times, see: here. AETS also provides certified translations in 100+ languages, with translators that are specialists in 80+ fields. For a copy of the Application for Credential Evaluation and Translation Services, please visit: here. Please contact AETS at anytime at (786)276-8190, visit http://www.aetsinternational.com,or email info@aetsinternational.com New customers to AETS will receive a 25% discount on their first Educational Evaluation request - just mention Promotion Code: AETS.ILW.25 to avail of this discount.

    To submit an article or a news item to Immigration Daily, write to editor@ilw.com. Follow ILW.COM on Twitter.

    Letters of the Week: Roger & Lynn Bloxham

    ComingsNGoings: Immigration Event
    June 2, 2015, 8:30am - 10:15am EDT, Washington, DC. National Journal will hold a forum "Pathways to Reform: A Discussion on High-Skilled Immigration Policy." Speaking at this event will be: The Hon. Ron Johnson, Stuart Anderson, Russell Harrison and Harry Holzer, Ph.D. Location: Ronald Reagan Building and International Trade Center, Horizon Ballroom , 1300 Pennsylvania Avenue, NW | Washington, DC, DC 20004. For more information and registration see here.


    An Important disclaimer! The information provided on this page is not legal advice. Transmission of this information is not intended to create, and receipt by you does not constitute, an attorney-client relationship. Readers must not act upon any information without first seeking advice from a qualified attorney. Copyright 1995-2015 American Immigration LLC, ILW.COM. Send correspondence and articles to editor@ilw.com. Letters and articles may be edited and may be published and otherwise used in any medium. The views expressed in letters and articles do not necessarily represent the views of ILW.COM.
    Publisher: Sam Udani ISSN: 1930-062X
    Advisory Board: Jason Dzubow, Rami Fakhoury, Matthew Kolken, Chris Musillo, Lory Rosenberg, Greg Siskind, Joel Stewart, Margaret Wong
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