EB-5 Regional Center Program reauthorized

In early August the United States Senate agreed, in principle, to a three year reauthorization of the EB-5 Regional Center Program. While this is neither a permanent nor even a five year reauthorization, it does provide a lengthy time period to allow the EB-5 program to expand and stabilize.

A Regional Center is a United States Citizenship and Immigration Service (USCIS) approved and monitored organization. Regional Centers are created by a U.S. citizen who identifies potentially profitable projects within a defined geographical area in the U.S. These projects must also be associated with specific market segments that can result in job creation and economic growth with additional capital investment. With USCIS' approval, the Regional Center oversees EB-5 related compliance and management of the project.

There are four authorized Regional Centers covering Utah that are currently seeking investors for projects that focus on areas such as real estate, energy, land development, manufacturing and other industries. For further information about any of these centers or projects, please contact them directly.

Utah High Country Regional Center
Website: www.wix.com/wwickizer/utahcrc
Geographic Scope: Utah
Industries: Manufacturing with other sectors pending

Mountain States Center for Foreign Investment (MSCFI)
Website: www.mountainstatescenter.com
Geographic Scope: Utah
Industries: Hospitality, resort and service industry; horse ranch development; high technology; health care services and innovation; entertainment; educational; and infrastructure

Utah Regional Investment Fund, LLC
Website: www.fundutah.com
Geographic Scope: State of Utah

Invest U.S. Regional Center
Website: www.InvestUSEB5.com
Geographic Scope: specific counties in Colorado, Utah and Wyoming
Industries: Retail, Office and Manufacturing

Funded in part through a grant award with the U.S. Small Business Administration