New leadership voted in for IIUSA board
By Anayat Durrani and Staff
Invest in the USA has announced a new Board of Directors to the association, eager to serve and make an impact for the benefit of the EB-5 investor community. The 2023 Invest in the USA Board of Directors election was held during IIUSA’s 18th Annual Membership Meeting on May 22 before kicking off the IIUSA EB-5 Industry Forum at the Loews Coronado Bay Resort in San Diego, CA.
IIUSA committee members nominated candidates that “demonstrated commitment to, engagement with, and support of IIUSA as well as ethical business practices in line with IIUSA’s Code of Conduct,” per the announcement.
Nominees had the opportunity to present their candidacy at the membership meeting before final votes were cast. Once the votes were tallied, the results of the election revealed that William Gresser, president, EB-5 New York State Regional Center, won for the role of President and Noreen Hogan, president, CMB Regional Centers Secretary-Treasurer won for the role of Vice President. Adam Greene, Executive Vice President EB-5 Program, Peachtree Group was elected for Secretary-Treasurer. The officers for president, vice president and secretary-treasurer will serve one-year terms.
IIUSA votes in new EB-5 board members
Gresser, who has been involved with IIUSA since 2009, says his goals are to increase the number of members and be more inclusive. Since 2017, Gresser has served as Vice President of IIUSA and is a member of the Board of Directors of IIUSA.
“I plan to follow in the footsteps of the great people before me and I want to continue the good work that has been done and improve on it,” says Gresser. “I believe without IIUSA it would not be an EB-5 program, it would have sunset.”
Hogan has been a member of IIUSA since 2008. She says she ran for Vice President because the EB-5 program is very important to her.
“I believe that with my knowledge and understanding of the EB-5 program, the new RIA and the current and to be announced USCIS policies, I can help move this program forward ensuring the maximum benefit is achieved for all,” says Hogan.
She believes it is critical that industry stakeholders continue to work toward making the program safer for investors and to drive economic growth in the US.
“IIUSA has and will continue to play an important role in the EB-5 industry,” says Hogan. “IIUSA has brought the top industry leaders together to help with the recent reauthorization of the program but there is still a lot of work and goals to accomplish. I want to contribute my experiences, vision, and leadership to the organization.”
Hogan says she is committed to bringing her knowledge and expertise to the IIUSA organization, through her years leading CMB.
“At CMB we have been able to accomplish great successes. I believe that I can bring my expertise of the program, to continue to make this a program we can all be proud of for many years to come,” says Hogan.
Additional board members installed
The election also welcome two new board members, Lulu Gordon, General Counsel, EB5 Capital, and Daniel Wycklendt, president, FirstPathway Partners. The nominees for Directors will serve two 3-year terms.
Votes were cast by electronic vote for the election, with each member organization having a designated voter who received emailed instructions on how to cast their vote. Each member organization was given one ballot to cast votes for the two open directorship positions and three officer positions. Up to two votes could be cast for the same person for each directorship opening, per the announcement.
IIUSA Executive Director Aaron Grau said in a statement that IIUSA is “honored to have so many talented members that demonstrate industry expertise and deep commitment to the only EB-5 industry trade association.”