What is an EB-5 Regional Center?
An EB-5 Regional Center is a service agent organization designated by the United States Citizenship and Immigration Services (USCIS) that sponsors capital investment projects for investment by EB-5 investors and developers looking to complete a project under the EB-5 Program. Also known as "Immigrant Investor Program", this program has become an important source of investment for development projects in the U.S. whose purpose is to create jobs and growth in a Targeted Employment Area (TEA). The EB-5 Program is designed to allow foreign investors to gain permanent residence (a “green card”) in the United States. To qualify for the EB-5 Program, they can invest directly in a job-creating project, or through a USCIS approved Regional Center.
Most EB-5 investors and developers choose the Regional Center route because it relieves the investor from managing their EB-5 investment. For the investor, this means they do not have to live near their investment and can live and work in any state. For the developer it means an experienced regional center staff can act in a managerial role such as finding investors, raising capital, handling legal matters, and filing the necessary paperwork and I-526 petitions. If your project is to construct apartments or mixed-use real estate, you will need to partner with a regional center because your project is not likely to create enough direct jobs to qualify for EB-5. There are other huge benefits of partnering with a Regional Center that you can learn about in our FAQ section, "Benefits of EB-5 Regional Center".
Smith Mountain Regional Center covers these 3 states:
What drives demand for development projects? Job growth.
Denver, the largest city in Colorado is one of the hotspots for new construction with the whole skyline changing due to new skyscrapers being built. Many projects currently underway are multifamily (apartment or condo buildings) to fulfill the need for housing due to population growth. Texas had the most substantial construction growth of all states in 2018 at 10% due to a trend of people and businesses moving south, and the powerful Texas business climate, attracting companies to the region and stimulating on-shore manufacturing. Oklahoma leads the list of top 10 cities posed for construction growth in 2018. Tulsa, Oklahoma currently ranks among the top metro areas in the U.S. for construction job growth, boosted by the emerging oil and gas industry, as well as growth in the healthcare and hospitality sectors.
EB-5 Visa Projects = Job Growth = Livability
Colorado is located in the Rocky Mountain region of the United States, with some of the most varied landscapes in the world; red rock formations, prairie grasslands, serene lakes and forests, an abundance of wildflowers, and some of the highest sand dunes in North America. One of the major attractions for people is the seasonal climate. Colorado receives around 300 days of sunshine, making it the perfect place to visit all year round, and during winter sees more than 300 inches of snow at mountain resorts.
Oklahoma and Texas have dry, crisp climate along with scenic landscapes that have been beneficial to businesses catering to tourists and health seekers, and has become a popular retirement area. Oklahoma is a fascinating mixture of Western history and Native American culture, set amongst rugged mountains, abundant wildlife and the famous expansive Great Plains. Texas is the second largest U.S. state (Alaska being first) with deserts, deep canyons, pine forest, 600 miles of sandy shoreline, and the Rio Grande, a river that forms its border with Mexico.