“We've managed to keep a fine balance between EB-5 and non EB-5 employment-based immigration, which allows us to better address the complexities associated with the "H-1B to EB-5" market, because we do a lot of H-1Bs and EB-2's and EB-3's,” he said.
What are some current trends you are seeing in the EB-5 market?
We're seeing a trendline toward smaller EB-5 projects that also have less EB-5 in the capital stack. On the investor side, much of the market is already residents in the U.S.
How do you think the pandemic has impacted the EB-5 industry?
The pandemic plus the November 2019 increase in the investment amount have really cooled the EB-5 market. But it allows the industry to deal with some long-term structural issues offline.
What are your top business goals this year?
I'm optimistic that the investor market will recover once we have a program reauthorization and can travel. EB-5 is very much a supply side industry. Scale can only be achieved if the industry is constantly "on the road" spreading word of the program.
What are your thoughts about the redeployment situation and the best strategy to deal with it?
Redeployment is a major hassle for all. Hopefully recent litigation will be successful, which would reintroduce more flexibility into redeployment.
What do you think needs to be reformed with the Eb-5 program at the time it is up for renewal in June?
I believe that the reauthorization will occur in fits and starts, but will eventually be done sometime in early 2022.
What achievement in this industry has been most rewarding? Why?
Being named an EB5 Investors Top 25 Attorney for more than five consecutive years!
Why did you decide to join our verified community and what has it done for your business?
I have been a long-time supporter of EB5 Investors and its initiatives in helping spread top-level discussions of EB-5 issues.
What would you change or do if you were president for a day?
I would decree mandatory 90-day processing of I-526 petitions by IPO!
What is your favorite quote and why?
“Early is on time. On time is late. Late gets you fired.” Not particularly pleasant, but it truly reflects the service model we insist on delivering.