The Immigrant Investor (EB-5) Pilot Program is designed to encourage foreign investment by providing a vehicle for investment in the form of an economic unit called a “Regional Center.” The Regional Centers are private or public entities that have received government approval to participate in the program. They enable the amassing and pooling of capital for targeted investment in designated regions in the United States.
For the Investor, these Regional Centers are attractive because they allow for a less restrictive job creation requirement. Instead of having to prove direct job creation, the investor may show indirect job creation through such methods as economic and statistic forecasting tools.
Please note that this pilot program expires in November 2008 unless reinstated
In May 2007, USCIS released to AILA the following list of regional centers that were “active” as of March 30, 2007. In addition, since the release of that list, two new centers have been approved: the Alabama Center for Foreign Investment Regional Center and the Southwest Biofuels Regional Center (see details below).
Regional Centers that may have been approved, but were not designated as “active” by USCIS are not included in this list.
As the status of these Regional Centers as participants in the Pilot Program can change, before investing any money, verify the center is still approved and active in the Pilot Program.
For more information on the EB-5 Immigrant Investor visa see our other article EB – 5 Permanent Residency through Investment.
In alphabetical order by state, the Regional Centers deemed “active” as of March 2007 include:
New Alabama Center for Foreign Investment Regional Center
Address: 100 North Union Street, Suite 682, Montgomery, AL 36104
Geographic Area: Birmingham, Montgomery, Mobile, Huntsville, Tuscaloosa, Hoover, Dothan, Decatur, Auburn, Gadsden, Florence, Madison, Vestavia Hills, Prattville, Phenix City, Bessemer, Prichard, Alabaster, Homewood, Opelika, Anniston, Enterprise, Northport, Mountain Brook.
Focus of Export/Economic Growth Activity: Heavy and light manufacturing; agriculture; high technology; construction; hospitality, resort and service industries (hotels, restaurants, resorts, golf courses, entertainment, and the like); schools, health care facilities, and infrastructure; and cruise line support services.
California Consortium for Agricultural Export
Address: Los Angeles, CA.
Phone/Fax: (213) 892-6367
Geographic Area: Nine Counties in Central California known as the San Joaquin Valley.
Focus of Export/Economic Growth Activity: An agricultural investment program purchasing and converting fallow or row crop lands into permanent commercially viable fruit and/or nut trees and grape vines for the domestic and export markets.
CMB Export LLC
Address: Corona Professional Center, 400 S. Ramona Avenue, Suite 212AA, Corona, CA 91719
Geographic Area: The development area is related to former military bases located in the counties of Sacramento, San Bernardino and Riverside, CA.
Focus of Export/Economic Growth Activity: Export activity related to development of military bases; air cargo, sea port development as export centers.
The Redevelopment Agency of the City of Vernon Regional Center
Address: Vernon City Hall, 4305 Santa Fe Avenue, Vernon, CA 90058
Phone/Fax: (323) 583-8811, (626) 336-3408/ (626) 330-5818
Geographic Area: The legal boundaries which constitute the city of Vernon, CA.
Focus of Economic Growth Activity: Food products processing and manufacturing; apparel manufacturing; transportation and warehousing; household furniture and furnishings.
DISTRICT OF COLUMBIA, (WASHINGTON, DC)
Capital Area Regional Center
Address: 1801 K Street, NW, Suite 201-L, Washington, DC 20006
Phone/Fax: (202)496-9000; (202)496-9100
Geographic Area: Legal boundaries of the District of Columbia (Washington, DC) and the contiguous adjacent areas of Montgomery and Prince Georges Counties in Maryland, Arlington and Fairfax counties in Virginia, and the city of Alexandria, VA.
Focus of Economic Growth Activity: Mixed hotel, retail, office and residential space; a soccer stadium; conference center space, and industrial space.
Hawaii, Department of Business, Economic Development & Tourism
Address: P.O. Box 2359, Honolulu, HI 96813
Geographic Area: Within the State of Hawaii
Focus of Export/Economic Growth Activity: Tourism (Hawaii’s major export); industries identified as export-related
Iowa Department of Economic Development (IDED)
Address: 200 East Grand Avenue, Des Moines, Iowa 50309
Geographic Area: 77 Rural and Small Urban Counties in Iowa.
Focus of Economic Growth Activity: Projects to date focus on developing agriculture, such as dairy farms.
Mayor’s Office of Economic Development (New Orleans)
Address: 1515 Poydras Street, Suite 1150, New Orleans, LA 70112
Geographic Area: Orleans Parish and the City of New Orleans
Focus of Export/Economic Growth Activity: International Trade Center; export-related companies.
Philadelphia Industrial Development Corporation
Address: 2600 Centre Square West, 1500 Market Street, Philadelphia, PA 19102-2126
Phone/Fax: (215)496-8020; (215)977-9618
Geographic Area: Philadelphia County, PA
Focus of Economic Growth Activity: Tourism convention and visitor services through the hotel, restaurant and hospitality industry; commercial office space renovation and leasing; merchandise import and export sales; investment in high-tech start up companies as well as information and bio-tech enterprises; and trucking and warehousing and transportation enterprises.
Pennsylvania Department of Community & Economic Development Regional Center
Address: Department of Community and Economic Development, Harrisburg, PA 17120
Phone/Fax: (718) 624-7850
Geographic Area: The contiguous geographic area encompassing the following 23 counties of western Pennsylvania: Erie, Crawford, Mercer, Venango, Lawrence, Butler, Clarion Beaver, Armstrong, Allegheny, Indiana, Westmoreland, Washington, Greene, Fayette, Somerset, Cambria, Blair, Bedford, Warren, Forest, Jefferson and Clearfield. Also, within the above defined contiguous geographic area, the delineated Targeted Employment Areas (TEAs) within the Pittsburgh, Pennsylvania Standard Metropolitan Statistical Area (SMSA); delineated TEAs within the city of Pittsburgh; and delineated TEAs within the Erie and Johnstown, Pennsylvania SMSAs.
Focus of Export/Economic Growth Activity: Concentrating on financing projects and developing commercial enterprises in the following eight target industries: Tourism and hospitality; technology; transportation; manufacturing and trade; health services; agriculture and food production; higher education; and leasehold improvements to commercial office & mixed-use spaces
South Dakota International Business Institute
Dairy Economic Development Region (SDIBI–DEDR)
Address: 711 East Wells Avenue, Pierre, South Dakota 57501-3369
Phone/Fax: (605)773-5032; (605)773-3256
Geographic Area: The 44 rural counties in eastern South Dakota.
Focus of Export/Economic Growth Activity: Projects to date have included agricultural-related development, in particular establishing dairy farms and a beef processing plant.
New Southwest Biofuels Regional Center, LLC (SBRC)
Address: 3250 Wilshire Blvd, Suite #I700, Los Angeles, CA 90010
Geographic Area: The contiguous geographic area encompasses the 40 counties located in the northwest region of Texas, to include Dallam, Sherman, Hansford, Lipscomb, Ociltree, Hartley, Moore, Hutchinson, Roberts, Hemphill, Oldham, Potter, Carson, Gray, Wheeler, Deaf Smith, Randall, Armstrong, Donley, Collingsworth, Parmer, Castro, Swisher, Briscoe, Hall, Childress, Hardeman, Bailey, Lamb, Hale, Floyd, Motley, Cottle, Foard, Cochran, Hockley, Lubbock, Crosby, Dickens, and King counties, and 9 counties located in the western region of the State of Oklahoma, to include Cimarron, Texas, Beaver, Ellis, Roger Mills, Beckham, Greer, Harmon, and Jackson.
Focus of Export/Economic Growth Activity: The development and operation of fuel grade ethanol production facilities.
Global Century Development Group I, LP (Global Century)
Address: 11205 Bellaire Blvd. Suite B-33, 77072-2545, Houston, TX
Geographic Area: The contiguous geographic area of Houston’s Chinatown encompassing the Tax Increment Reinvestment Zone #15 (TIRZ), a 60-block area bounded by Preston Street on the North, Dowling Street on the East, St. Joseph parkway on the South, and Chartres Street on the West.
Focus of Export/Economic Growth Activity: Concentrating on financing and developing commercial and mixed-use real estate in the following five target industries: hotel and hospitality; retail; mixed use residential; commercial office; restaurant & entertainment.
Vermont Agency of Commerce and Community Development
Address: National Life Bldg., Drawer 20, Montpelier, VT 05620
Phone: (802) 828-5202
Geographic Area: State of Vermont
Focus of Export/Economic Growth Activity: Export-related companies; tourism, hospitality and commercial resorts development.
The Gateway Freedom Fund/AKA: Golden Rainbow Freedom Fund
Address: 18034 13th Street, Seattle, WA 98177
Geographic Area: 1) As Golden Rainbow Freedom Fund, air cargo and manufacturing facility in Jackson County, Oregon; 2) As Gateway: City of Seattle Neighborhood Reinvestment Area in Seattle, Washington
Focus of Export/Economic Growth Activity: Air and ocean cargo facilities; and manufacturing; warehouses.
Whatcom Opportunities Regional Center, Inc. (WORC, Inc.)
Address: P.O. Box 2803, Bellingham, WA 98227;
1305 11th Street, Suite 301, Bellingham, WA 98225
Geographic Area: The legal boundaries which constitute Whatcom County, Washington.
Focus of Economic Growth Activity: Capital investments and job creation in assisted living facilities for the elderly within Whatcom County.
Aero-Space Port International Group [ASPI Group]
Address: 512 Strander Boulevard, Tukwila, WA 98188;
Phone/fax: 206-241-8000; 243-3000
Geographic Area: Within ASPI Group, located at Grant County International Airport in Moses Lake
Focus of Export/Economic Growth Activity: High tech, agricultural and other export products to Europe and Pacific Rim countries through international air cargo facilities.
Metropolitan Milwaukee Association of Commerce (MMAC)
Address: 756 N. Milwaukee Street, Milwaukee, WI 53202
Geographic Area: The seven (7) counties of southeastern Wisconsin: Kenosha, Milwaukee, Ozaukee, Racine, Walworth, Washington, and Waukesha (including Targeted Employment Areas within the cities of Racine and Milwaukee, Wisconsin.
Focus of Export/Economic Growth Activity: Business and professional services; financial activities and business process services; health services and medical technology; manufacturing; printing and printing support; wholesale trade and distribution; and hospitality and entertainment.