Covid pandemic: “It's possible we can see some increased EB-5 activity”
Salvatore Picataggio is an EB-5 immigration lawyer at Colombo & Hurd, PL. He is currently the verified EB-5 attorney on EB5investors.com who has answered the most EB-5 questions from readers – 2,435!
“I joined at the very beginning, and as a fairly fresh attorney, it was a great opportunity to create a space for myself in a community with so many other experienced professionals,” he said about joining the EB5investors verified community. “It has surely provided a level of authority in the EB-5 world and the SEO boost for my name also helps!"
How and why did you get involved in the EB-5 industry?
My first law job fresh of the bar exam results was with a prominent EB-5 attorney. I knew only a little about the program (mostly from the class he taught at my law school the year prior!). I got thrown right into the thick of it with an I-924 Amendment to a Regional Center.
What are some current trends you are seeing in the EB-5 market?
It's hard to say, with a year of pandemic and the increased investment amounts under our belts. I think we have some hope though that processing times may come down, encouraging people to engage with the program more.
How do you think the pandemic has impacted the EB-5 industry?
I think it could be good. It's not like cases are being processed quickly anyway, so it's possible we can see some increased activity as a response to the economic downturn. We got to get these processing times back down to earth though.
What are your top business goals this year?
Make my clients happy, so that their friends and colleagues can become clients too.
What EB-5 achievement in this market has been most rewarding? Why?
Every time I get to share the good news with a client is rewarding. Once it was getting an RC application approved in 28 days. That was pretty neat!
What are your thoughts about the backlog situation and what could be done about it?
It's a band-aid. Just address the processing times already!
What is your favorite quote and why?
“If you tell the truth, you don't have to remember anything" by Mark Twain.
What about you would surprise others?
I played drums in a band in law school, I enjoy building lego, and I can fold a fitted sheet.