+1-800-997-1228
Questions & Answers

How does the EB-5 program count direct job creation in a project managed by a regional center?

I am planning to invest in a construction project through a regional center, and the construction timeframe is about 2.5 years. The project has already started and will be completed before my I-829 is approved. Can I count the direct jobs created on the basis that the construction project lasted for more than 2 years?

Answers

  • Avatar
    Answered on

    Maybe; depending on the actual timeline and information, an experienced EB-5 attorney, along with an EB-5 economist, can determine the best job creation timeline for investors.

  • Avatar
    Answered on

    It is not contingent on whether or not the construction lasts two years, it matters if the jobs last two years. In order to qualify for direct job creation, the jobs must be permanent. Most construction jobs are not going to be considered permanent and, therefore, it would be difficult to count any construction jobs as direct jobs. Construction usually goes in phases, and the cement workers are there for one phase, while the electricians and plumbers are there for another phase. However, such jobs can be counted by your economist as part of your indirect job creation total.

  • Avatar
    Answered on

    Yes, these issues should be addressed in the economic report. It is not a problem if the project has already started and will be completed before your I-829 is approved, provided the documents show it is anticipated that the EB-5 money will replace the interim financing used. So, you will need to review the documents.

  • Avatar
    Answered on

    Typically, you should be able to count the direct jobs created by a construction project that has lasted more than 2 years.

Add your comment

Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment.