Making Permanent EB-5 Program and Improvements to EB-5 Job Counting Method

 In his plan to making the EB-5 pilot program permanent Sen. Patrick Leahy, D-Vt.is proposing a list of improvements focused on stronger staffing, streamlining the review process for applications and business plans, better reporting, and defining the what full time employment as it pertains to the EB-5 job requirements.   Full-time employment is currently defined as 35 total hours a week, per year, per employee (approximately 1,750 hours per year). Sen. Leahy’s proposal would count 1,750 hours worked as a full-time position towards the EB-5 job requirement regardless if the work is done by a single person or multiple individuals.An EB-5 investors investment must create 10 permanent full time jobs for American workers in order to qualify for a Untied States Green Card.
Read further:Senator Leahy’s Amendment Sectional  

Reigniting the Catskill Tourist Industry: EPR Properties and Empire Resorts

Below, Empire Resorts releases great news last week regarding the Concord Casino and Resort development in Sullivan County. The Rock Hill Town Center is less than 4 miles from the future Concord Casino and Resort. The Rock Hill Town Center (Empire State EB-5/Rock Hill Regional Center) is an EB-5 funded development project that will be split up into two phases. Phase I will include the construction of a 90-room hotel, 60,000 sqft. of retail space and residential lots. The economic growth in the Upstate New York is on the rise, so be on the lookout for more updates and news regarding Rock Hill Town Center and community drivers.

[Press Release: Empire Resorts, Inc. – Wed, Jan 16, 2013; SOURCE: Yahoo Finance] 

MONTICELLO, N.Y.--(BUSINESS WIRE)-- 

 

EPR Properties (“EPR”) (EPR), together with Empire Resorts, Inc. and its wholly owned subsidiary, Monticello Raceway Management, Inc. (together “Empire”) (NYNY) last night received approval from the Town of Thompson Town Board on the Comprehensive Development Plan (“CDP”), SEQRA findings and the Planned Resort Development Text Amendments (“Amendments”) for the 1,583-acre site of the former Concord Resort (“EPT Concord Resort”). Approval of the CDP and SEQRA findings and the adoption of the Amendments means the joint developments can now move forward with the submission of individual site plan applications, thus initiating the commencement of the build-out of the proposed EPT Concord Resort. 

Continue reading the full article here: EPR Properties and Empire Resorts Receive Approval for Destination Resort Master Plan

Rock Hill Town Center: Concord Resort and Casino - A new approach. A new opportunity.

The site sits directly off of Interstate 86 Exit 106 and is less than4 miles from Rock Hill Town Center.  This project is a joint venture of Empire Resorts, Inc., which is controlled by the Genting Group of Malaysia, and Entertainment Property Trust, which is a $2.9 billion real estate investment trust. Genting Group is one of the largest conglomerates in Asia with holdings in excess of $40 billion.  It is also one of the top gaming and casino operators in Asia (Resorts World) and was the original financial backer of Foxwoods Casino in Connecticut.  Together, Empire Resorts and Entertainment Property Trust have already invested in excess of $300,000,000 in Sullivan County, where the Rock Hill Town Center is located.  The Concord Casino and Resort project will create in excess of 2000 immediate construction jobs and over 1500 permanent jobs.

Keep up to date on fresh news and changing developments here -

http://newcatskillsdestination.com/vision.html

 

 

  To learn about the exciting investment opportunity for Rock Hill Town Center:

Tel: (866) 763-6515 

or

  EMAIL HERE

 

 

 

What is the USCIS EB-5 Immigration Investor program?

Empire State EB-5 Regional Center

The USCIS administers the Immigrant Investor Program, also known as “EB-5” or 
"Employment-Based Immigration: Fifth Preference ," created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors in U.S. business ventures. Under a pilot immigration program first enacted in 1992 and recently extended another three years into 2015, certain EB-5 visas also are set aside for investors in Regional Centers designated by USCIS based on proposals for promoting economic growth.

Required minimum investments for EB-5 immigrant investor are:

• The minimum qualifying investment in the United States is $1 million.
• Targeted Employment Area (High Unemployment or Rural Area). The minimum qualifying investment either within a high-unemployment area or rural area in the United States is $500,000.

Contact Empire State EB-5 Regional Center today to discuss the EB-5 Program and getting started

 

 

 

Operational Guidance for EB-5 Cases Involving Tenant-Occupancy

[Source:USCIS]  

Dear Stakeholders, 

In May 2012, USCIS published operational guidance on EB-5 adjudications involving the tenant-occupancy methodology which explains how USCIS policy on deference to prior EB-5 adjudications applies in the context of determinations regarding the reasonableness of an economic methodology. Since this guidance was issued, USCIS has carefully considered responses to Requests for Evidence (RFEs) as well as input from other relevant government agencies and has issued further operational guidance to govern the adjudication of these cases.  This guidance will be applied to pending cases involving the tenant-occupancy methodology, as well as cases filed on or after the date of this guidance.  

For more information, please see the attached link :

"Operational Guidance for EB-5 Cases InvolvingTenant-Occupancy”
 

Kind Regards,
U.S. Citizenship and Immigration Services (USCIS)

EB-5 Job Creation: Do Construction Jobs Count???

The question of do construction jobs count arises quite often when discussing how the EB-5 program must create U.S. jobs for the usage of the investment through foreign nationals for development projects. Construction jobs that entail over 30 hours per work week for several years would fall within the meaning of “continuous” and therefore count toward the EB-5 job creation requirement. The article below, in short, explains how construction jobs are considered "full-time" under the EB-5 Immigration Investor program.

[Source: EB5 Exclusive] Article HERE -  EB-5 Job Creation: Do Construction Jobs Count???

Contact Empire State EB-5 Regional Center TODAY to discuss the EB-5 Program