The Grady Firm, P.C. attended the 4th annual EB-5 Conference in Los Angeles hosted by EB5 Investors Magazine on August 2-3, 2015 at the sold out Hyatt Century Plaza in Century City. Five hundred regional centers, attorneys, and EB-5 program stakeholders attended the event. The EB-5 Immigrant Investor Program (EB-5), administered by the United States Citizenship and Immigration Services (USCIS), provides opportunities for qualified foreign nationals to achieve permanent legal residency in the U.S. through an investment in an USCIS-approved project that will generate at least ten full-time jobs in the United States.
The event’s Keynote speaker, House Judiciary Chairman Bob Goodlatte (R-VA-6), expressed his support fort he EB-5 program by stating that it will continue to to benefit the American economy by way of its economic stimulus. Special guest speaker, Former Pennsylvania Governor Ed Rendell, described planned legislation to sustain the EB-5 regional center program and implementation of reforms to maintain the progress of ongoing EB-5 projects. He also described the ways EB-5 funds were used to sustain the Pennsylvania economy during the economic recession, and to catapult Pennsylvania from the 47th state to the 9th state in the nation in terms of job creation. He also recalled that when a Pennsylvania convention center expansion expected to create 5,000 construction jobs came $110 million short, foreign capital raised through the EB-5 program filled in the gap. In addition, he called for use of the funds as a way to build and maintain major infrastructure projects throughout the United States.
The conference’s morning and afternoon panels covered EB-5 financing basics, the EB-5 program reauthorization, EB-5 in emerging markets, Retrogression for Chinese applicants, and potential changes to the Regional Center Program led by industry veterans who taught the intricacies of I-526 and I-829 petition filing. Networking opportunities ensued during breaks where professionals, speakers, and exhibitors were afforded the opportunity to develop business relationships to strengthen the EB-5 industry.
Want to learn more about EB-5 investor visas? Read our article on the EB-5 process.
About the Authors
The Grady Firm, P.C. represents local and foreign business owners in the areas of business, employment, and immigration law. We help local and foreign entrepreneurs open and grow their business through entity formation, contract drafting, employment law compliance, and coaching. We also assist foreign entrepreneurs and their families live and work legally in the United States on the basis of family relationships, employment, and investment in a bona fide US enterprise.