In July 2012, USCIS announced that it will be creating a new Program Office to oversee the administration of the EB-5 Investor Program. The Office will be led by a new Chief of Immigrant Investor Programs - an official with "real-world business acumen" who will be tasked with ensuring that the EB-5 program is administered efficiently and in accordance with today's rapidly changing business realities. In addition, a special Review Board consisting of two Supervisory Immigration Services Officers and one economist will now review every pending application for regional center designation for which a denial had been recommended, giving applicants an opportunity to discuss their cases in-person before any final adverse decision is rendered.
With over 3,000 EB-5 approvals issued in Fiscal Year 2012 - more than triple the amount issued just three years ago - EB-5 visa usage continues to grow. In order to ensure that the program continues to function effectively, it is essential that USCIS is staffed with knowledgeable professionals who understand the ins and outs of job creation, economics, and financial investments. While it remains to be seen whether the EB-5 Program Office will prove effective in meeting these staffing needs, we believe its creation is a step in the right direction