USCIS Drops Other Shoe on Vermont's EB-5 Regional Center, Once the Darling of the Program
By David North on July 12, 2018
Finally, more than two years after it became apparent that $50 million or so was missing from the Vermont EB-5 regional center's projects, USCIS has decided to close the doors of the state agency, according to local news reports.
Regional centers in the EB-5 (immigrant investor) program take aliens' investments, usually $500,000 at a time, and place them with developers who are running (usually) real estate programs that are supposed to produce 10 jobs per investment. EB-5 gets its name because it is the fifth of the employment-based provisions in the basic immigration law; EB-5 investors, their spouses, and their minor children all receive green cards if the investments stay in place.
https://cis.org/North/USCIS-Drops-Other-Shoe-Vermonts-EB5-Regional-Center-Once-Darling-Program
