Although there has been no change in EB-5 law (statute, regulations or precedent decisions), there have been significant changes in, or clarifications of, the USCIS adjudicatory standards relating to EB-5 cases within the last 12 months. These changes have come about through memoranda (June 17, 2009 and December 11, 2009), as well as through pronouncements at EB-5 stakeholders meetings.
New Developments in EB-5s, posted to www.eb5immigration.com, is a summary of the changes that have occurred in the past year relating to employment creation, interpretation of “new commercial enterprise,” regional centers, targeted employment areas, troubled businesses, the condition removal process, “material change” and other issues relating to investors and investments.
