In a letter addressed to IIUSA members, President K. David Andersson emphasizes how the IIUSA Annual Meeting & EB-5 Regional Center Advocacy Conference will play a pivotal role in the future permanency of the EB5 visa program. In his letter, Andersson urges all regional center members to attend the conference to be held Tuesday, May 10, 2011 in Washington, DC.
As the September 30, 2012 "Sunset" date for the EB-5 Regional Center Pilot Program fast approaches, Andersson wants all members to unite and secure the future for EB-5.
"The continued existence and viability of each of your Regional Center projects now depends our collective ability to join forces to obtain permanent authorization for the Program," says Andersson.
The conference will host a Congressional Reception to showcase success stories to lawmakers. Providing that multiple Regional Centers are able to prove their success at creating jobs, the program's future will be more secure, ?Together, we can make the EB-5 Regional Center Program permanent. The time is now,? says Andersson.
If passed, The Creating American Jobs with Foreign Capital Act (S. 642), introduced by Senator Patrick Leahy (D-VT), will make the program permanent, which according to Andersson is a necessary implementation to achieve the program's annual promise of $2B in newly invested capital and 40,000 jobs. With this in mind, members are encouraged to provide clear examples of U.S. job creation to Congressional Office and agency staff during the conference.
In addition to lobbying efforts, the conference will also promote regional center practices and feature expert panels on job creation and compliance with U.S. Securities laws.
Members are urged to visit the event registration page and the hotel group rate page to make the "early bird" registration by Monday April 18, 2011. Those interested in distinguishing themselves as industry leaders can elect themselves "Program Champion" (i.e. event sponsor).