Basics (Cont.)

K. David Andersson, President,
IIUSA; President, Whatcom
Opportunities Regional Center
H. Ronald Klasko, Chair, IIUSA
Best Practices Committee;
Partner, Klasko Rulon Stock &
Seltzer, LLP
www.eb5immigration.com
Basics

WHAT?
 Annual

reporting form
WHO?
 Must
be filed by every approved regional center
 Signatory must have executive or managerial
authority
For more information, visit www.eb5immigration.com
Klasko, Rulon, Stock & Seltzer, LLP
Copyright © 2012. All rights reserved.
Basics (cont.)

When?
 On
or before December 29 every year
 Period
covered is October 1 through
September 30
 Prospective?
For more information, visit www.eb5immigration.com
Klasko, Rulon, Stock & Seltzer, LLP
Copyright © 2012. All rights reserved.
Basics (Cont.)

Where
 Filed
with California Service Center
For more information, visit www.eb5immigration.com
Klasko, Rulon, Stock & Seltzer, LLP
Copyright © 2012. All rights reserved.
Basics (Cont.)

Why?
 Demonstrate
regional center’s continued eligibility
 Enable USCIS to compile statistical information
For Congress?
 For public?
 For monitoring regional centers?

For more information, visit www.eb5immigration.com
Klasko, Rulon, Stock & Seltzer, LLP
Copyright © 2012. All rights reserved.
Basics (Cont.)

Penalties
 Failure
to timely file could result in termination of
regional center approval

Impact on I-829 filings?
For more information, visit www.eb5immigration.com
Klasko, Rulon, Stock & Seltzer, LLP
Copyright © 2012. All rights reserved.
Regional Center
Information Gathering
Regional Center
Information Gathering
I-526s – approvals, denials, revocations
 I-829s – approvals, denials, revocations
 Total investments in each new commercial
enterprise

For more information, visit www.eb5immigration.com
Klasko, Rulon, Stock & Seltzer, LLP
Copyright © 2012. All rights reserved.
Regional Center
Information Gathering

Job creation
 By
industry
 By new commercial enterprise
Information required for all sponsored
projects
 Must gather information for fiscal year – not
calendar year

For more information, visit www.eb5immigration.com
Klasko, Rulon, Stock & Seltzer, LLP
Copyright © 2012. All rights reserved.
Page 1
Who is this?
Page 2
Do not need to
break out direct
and indirect
Page 2
Failure to
mention induced
an oversight?
Page 2
If no I-829s,
can mention
projections?
Or need to have
economist
project jobs as
of 12/12?
Page 2
All industries
referenced in
economic report or
only industries
referenced in
regional center
approval?
How to quantify
which industries
received investment
or how much
investment?
Page 2
New commercial
enterprise; not
job-creating
entity
Page 2
Same as job creating
business? How
complete if NCE is
lending company?
In loan model,
include jobs
created by JCE?
Double counting?
Page 2
Yes for loan
model
Page 3
Same as new
commercial
enterprise
information?
Page 4
Page 5
Page 6
RC must get
this information
from investors’
attorneys
Page 6
RC must get
this information
from investors’
attorneys
Page 6
USCIS does not
recognize
regional center as
party to the I-526
or I-829, but
requires regional
center to have
this information
Questions
For more information, visit www.eb5immigration.com
Klasko, Rulon, Stock & Seltzer, LLP
Copyright © 2012. All rights reserved.