The Regional Center Program was created by Section 610 of Public Law 102-395 on October 6, 1992 and has been in effect ever since. Regional Centers are a service agent organization for investors and companies who want to complete a project under the EB-5 program. Regional Centers are legal entities that enable foreign nationals to qualify for permanent residence in the U.S. through their investment in a regional center sponsored project and are designated by the United States Citizenship and Immigration Services (USCIS). In order to be approved for permanent residence, an EB-5 Project must create at least ten full-time jobs per investor. These jobs can be direct, indirect, or induced under the regional center model.

How do they work?

A regional center represents one of the two ways that an investor can obtain an EB-5 visa and gain permanent residence in the United States. Regional centers use the loan model for investments. Through this model, an investor will an equity investment in a new commercial enterprise (NCE). The NCE will then loan the money to the job creating entity (JCE). In this model, investors do not need to be involved in the day-to-day management of the JCE, as such, their role becomes much more passive. A majority of investors will choose this investment model as opposed to the direct investment model.

Job Creation Requirement

  • Direct Jobs: These are full-time jobs that are created directly by the project and are included in the project’s expenditures. An example of this would be hiring employees for the business.
  • Indirect Jobs: These are jobs that are created as an effect of a new project outside of the job-creating entity.  These jobs are created by other businesses in order to fill a new demand and economic growth that the new project has generated.
  • Induced Jobs: These are jobs that are created as a result of the expenditures of the employees of the new project. While indirect jobs support the new business, induced jobs relate to increased expenditures made by direct and indirect employees.

About Corsello Capital Regional Center LLC

Corsello Capital Regional Center is part of The United States Citizenship & Immigration Services’ Regional Center program, commonly referred to as the “EB-5 Pilot Program.” EB-5 is an immigrant investor initiative that provides foreign nationals the opportunity to become lawful residents of the United States through strategic investment in US-based economic development projects in various Regional Centers.  Corsello Capital Regional Center is located at 333 South Wabash Ave, Suite 2700, in Chicago, IL 60604. For more information, please contact us via email at info@EB5inUSA.com or visit www.EB5inUSA.com

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