What Is A Regional Center?
A regional center is defined as any economic entity, public or private, which is involved in the promotion of economic growth, improved regional productivity, job creation and increased domestic capital investment. The organizers of a regional center seeking the “regional center” designation from USCIS must submit a proposal, supported by economically or statistically valid forecasting tools, showing:
- How the regional center plans to focus on a geographical region within the United States. The proposal must explain how the regional center will promote economic growth in that region.
- How, in verifiable detail (using economic models in some instances), jobs will be created directly or indirectly through capital investments made in accordance with the regional center’s business plan.
- The amount and source of capital committed to the regional center and the promotional efforts made and planned for the business project.
- How the regional center will have a positive impact on the regional and national economy.
There is a quota of 10,000 EB-5 green cards per year, and 3,000 of the 10,000 are reserved for investors who apply through regional centers. This is to help high-unemployment areas or rural areas to stimulate the economy and create jobs.
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