On Aug. 13, 2015, USCIS held a stakeholder engagement for individuals interested in the EB-5 program in Los Angeles and via conference call.
The engagement was attended by several leaders of the Immigrant Investor Program Office (IPO) of USCIS (including its Chief, Nicholas Colucci), who all emphasized USCIS’ prioritization on the integrity of the EB-5 program as well as its potential to create jobs in the U.S. In FY 2014, USCIS received nearly 11,000 I-526 Petitions, representing $5.5 billion in future potential INVESTMENT. Already in the first three quarters of FY 2015 (Oct. 1, 2014 – June 30, 2015), there have been significant increases in the numbers of I-526 Petitions, I-829 Petitions, and I-924 Applications submitted to USCIS, likely due at least in part to the upcoming Regional Center program Sept. 30, 2015 expiration date.
Given the high rate of incoming cases, processing times are still not where the IPO or stakeholders would like them to be, currently estimated at:
As the IPO noted, adjudication times can vary for several reasons, including if a case’s expedite request is approved. In order to improve the rate of adjudication overall, the IPO continues to increase its staff members, hiring experts in law, finance, business, economics, and banking.
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