Regional Centers were established by Congress in 1992 to facilitate U.S. economic growth through the EB-5 immigrant investment program that allows international investment leading to job creation in exchange for visas in a carefully managed review and approval system. By investing in approved program-compliant projects, the EB-5 Program offers participants legal status providing substantial funding to regional businesses for startups or expansion. These efforts are designed to create jobs and foster economic growth and diversity.
The U.S. Citizenship and Immigration Services (USCIS) authorizes a Regional Center to sponsor and promote companies that are eligible to receive immigrant investor capital under enhanced job-creation conditions. These authorized Regional Centers may be public or private. Additionally, they must help promote economic growth, improved regional productivity, job creation, and increased domestic capital investment.
NVEB-5 approved and certified by the USCIS on July 15, 2013, shall:
- Focus on and provide economic growth for a particular geographical region within the U.S.
…………….NVEB-5 region encompasses: Carson City, Lyon County and Douglas County
…………….Expansion into additional Northern Nevada counties is in development
- Promote a viable business model grounded in reasonable expectations
- Provide verifiable job creation and capital investment data
- Track the amount and source of capital committed to the Regional Center for its promotional efforts and planned activities for the job creating business project(s).