August 2, 2011 - Washington, D.C.
Secretary of Homeland Security Janet Napolitano and U.S. Citizenship and Immigration Services (USCIS) Director Alejandro Mayorkas made an announcement today regarding a series of policy, operational, and outreach efforts to fuel the nation's economy and stimulate investment by attracting foreign entrepreneurial talent of exceptional ability or who can otherwise create jobs, form startup companies, and invest capital in areas of high unemployment.
The section of the press release that is most relevant to EB-5 can be found here:
"The EB-5 immigrant investor program is also being further enhanced by transforming the intake and review process. In May, USCIS proposed fundamental enhancements to streamline the EB-5 process which include: extending the availability of premium processing for certain EB-5 applications and petitions, implementing direct lines of communication between the applicants and USCIS, and providing applicants with the opportunity for an interview before a USCIS panel of experts to resolve outstanding issues in an application. After reviewing stakeholder feedback on the proposal, USCIS is developing a phased plan to roll out these enhancements and is poised to begin implementing the first of these enhancements within 30 days."
The full text of the USCIS press release can be found here: http://www.dhs.gov/ynews/releases/20110802-napolitano-startup-job-creation-initiatives.shtm
Tuesday, 09 August 2011 17:12
USCIS to Implement Premium Processing for Certain EB-5 Applications
Published in GCF News
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