News Feed Archive
EB-5 Rural Alliance Letter to Congress
The EB-5 “Regional Center” Program is set to expire on September 30, 2016. The EB-5 Rural Alliance, which is designed to help advocate for EB-5 projects in rural and impoverished areas, has been urging Congress to reform and reauthorize EB-5 in a way that incentivizes meaningful foreign investment in diverse industries and geographic areas throughout the United States. As part of this initiative, the EB-5 Rural Alliance recently sent a letter to Members of Congress which can be viewed at the link below:
EB-5 Policy Priorities Survey
IIUSA is focused on engaging members in its internal policy development and political processes to seek further consensus among the EB-5 and “end user” industries to speak with as unified a voice as possible. Please take 10-minutes of your time to complete this member feedback questionnaire and provide honest answers to these tough questions facing the EB-5 industry.
North Dakota/Minnesota EB-5 Regional Center joins the EB-5 Rural Alliance
In recent years, as the EB-5 program has exponentially grown and the majority of those projects located in gateway cities. This has been an important step in the EB-5 program to show the growth potential of the program. However, as the program nears the sunset date of September 30, 2016 it is imperative that meaningful reform takes place to preserve the integrity of the program, as well as bringing the program back to its true intentions.
In order to ensure the program works for all communities, not just those in gateway cities, the North Dakota/Minnesota EB-5 Regional Center has joined forces with numerous other regional centers and developers in the creation of the EB-5 Rural Alliance. The EB-5 Rural Alliance is designed to help advocate for EB-5 projects in rural and impoverished areas. For more information, please contact email@example.com.
A Deal Has Been Reached with OPEC to Freeze Oil Output Finally!
Breaking news this Tuesday brings the good news everybody in the oil and gas industry has been waiting for. In a sign of tentative cooperation among major oil producers, Qatar, Russia, Saudi Arabia and Venezuela announced a plan on Tuesday to freeze output at current levels, a move intended to help bolster energy prices. The deal is contingent on other producers joining in on the freeze.
North Dakota Oil is Not Worth Less Than Nothing
Last week we got the latest oil production report from North Dakota’s Department of Mineral Resources which showed output in November was down less than 5 percent from the state’s all-time record high. In fact, oil production was up slightly. Yet a Drudge Report headline states this: “BUST: NDakota Crude Worth Less Than Nothing…” It’s not that North Dakota crude oil is worth less than nothing. It’s that one particular type of crude oil is worth less than nothing. A very low-quality type of oil North Dakota actually produces very little of.
Oil Market to Recover in 2016: Harold Hamm
Oilman Harold Hamm said Monday the oil market will recover in 2016 as supply and demand come into balance. “We’ve seen tremendous growth in the market for our supply. It’s up about 3 percent on an annual basis, so it’s quickly correcting,” the Continental Resources chairman and CEO told CNBC’s “Squawk Box.” “2016 will be the year for correction, and we estimate the first half.”
Congress Extends EB-5 Program for One Year without Changes
It appears that Congress will extend the regional center part of the EB-5 immigrant investor program until September 30, 2016. After more than six months of efforts to reform the program in exchange for a five-year reauthorization, on December 15 Congress instead opted for a nine-month extension without changes. This article explains what almost happened, what it means for EB-5 projects in 2016, and what might happen in September 2016.
The North Dakota/Minnesota EB-5 Regional Center hits 100!
The North Dakota/Minnesota EB-5 Regional Center is proud to announce a recent achievement of over 100 investor I-526 petition approvals in our designation, while maintaining a 100% approval rate on all USCIS filings! This marks an important milestone for the North Dakota/Minnesota EB-5 Regional Center and the nation, as it proves quality projects can be rurally based. Thousands of jobs are being created that will continue to push economic development and opportunities for the region forward. A special thanks goes out to all those who were a part of this significant milestone.
5th Annual EB-5 Market Exchange in Dallas, Texas
IIUSA hosted its 5th annual EB-5 market exchange in Dallas, Texas on October 21-23. Director, Mickayla Zinsli was asked to participate as one of four panelists during the Reasonable, Reproducible & Feasible: Business Planning & the Economics of EB-5 breakout secession. The discussion went into details about the job creation impact reporting, required details for business plans, and the importance of putting together a strong EB-5 team. Mickayla shared her experience from a regional center perspective.
More pictures of the event can be found here.
North Dakota/Minnesota EB-5 Regional Center Featured Speaker in UK Property Investor Show
In past years, the North Dakota/Minnesota EB-5 Regional Center has focused the majority of its international activities on the Chinese market. With a visa backlog taking effect for all Mainland Chinese born citizens, the North Dakota/Minnesota EB-5 Regional Center has begun exploring additional international markets. Many British individuals are interested in purchasing vacation homes and retiring in the U.S., however, most of these individuals did not realize the travel restrictions when visiting the U.S. on a travel visa. As a result, a recent trend has begun where British citizens interested in purchasing property in the U.S. are also seeking dual citizenship.
The North Dakota/Minnesota EB-5 Regional Center recently attended the Property Investor and Homebuyer Show at the Excel event center in London, England on October 9 & 10. The show featured 120 exhibitors from countries including Dubai, the U.S., Malaysia, Nigeria, Portugal, France and India, as well as exhibitors from all over Great Britain. The investor show offers high net worth individuals a variety of investment opportunities from around the world. The event is put on twice per year, once in the spring and once in the fall. According to organizers attendance was up 15% from last year.
While several EB-5 regional centers attended the show, the North Dakota/Minnesota EB-5 Regional Center was the only one asked to present. On Friday and Saturday, Director Mickayla Zinsli gave a presentation on the EB-5 program, as well as what sets the North Dakota/Minnesota EB-5 Regional Center apart from other regional centers. Ms. Zinsli’s presentations garnered significant interest from over 100 potential investors interested in investing in North Dakota projects.
About the North Dakota/Minnesota EB-5 Regional Center:
The North Dakota/Minnesota EB-5 Regional Center received its designation in April 2011 and remains the only non-profit, university affiliated regional center in the country. To date nearly $140M in EB-5 has been invested into the region through the North Dakota/Minnesota EB-5 Regional Center, serving a variety of different industry sectors, and creating thousands of U.S. jobs. The North Dakota/Minnesota EB-5 Regional Center is headquartered at the UND Center for Innovation in Grand Forks, North Dakota with offices in Rochester, Minnesota and Shanghai, China.
About the EB-5 Program:
The EB-5 visa program was created in 1990 by Congress and provides U.S. based companies access to foreign investment. The EB-5 visa program is designed to stimulate economic development, create jobs, and improve regional productivity through direct foreign investment in $500K or $1M increments, while providing eligible foreign investors an opportunity to become permanent U.S. residents.