In order to receive a designation to become a Regional Center, organizers must submit a proposal showing:
- How the Regional Center plans to focus on a geographical region within the United States and 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 or national economy.
The Regional Center Program is ideal for the retiree or inactive investor because of the
- (1) security that USCIS approval offers a potential investor,:
- (2) the benefit of “indirect employment creation” that aids an EB-5 investor in meeting the job-creation requirement, and
- (3) the passive investment nature of the investor.
An investment through the Regional Center program alleviates the burdensome job-creation requirement. The Regional Center program removes the 10 direct-employee requirement of the Traditional EB-5 Program, and substitutes a less-restrictive “indirect employment creation.” The investor satisfies the requirement by presenting evidence that the project will create 10 new jobs within the Regional Center economy as a result of the proposed project.
Another advantage of the Regional Center program is the investor is not required to live in the place of investment. Rather, he or she can live wherever he/she wishes in the United States. For example, the investor may invest in a Regional Center in the State of Illinois, but choose to live in Florida. Under mandate by Congress, Regional Center EB-5 petitions are given priority often resulting in a quicker path to approval.