Vermont EB-5 Regional Center

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Established in 1997, the Vermont EB-5 Regional Center is the only United States Citizenship and Immigration Services (USCIS) designated regional center that is owned, controlled and supervised directly by a state government.   The Vermont EB-5 Regional Center is operated by the Vermont Agency of Commerce and Community Development (ACCD).  As the only state-run, state-wide regional center, it offers advantages to businesses and investors.

 

Oversight – The Vermont Agency of Commerce and Community Development oversees projects and makes sure they comply with USCIS EB-5 regulations.  The Vermont EB-5 Regional Center is the only regional center with direct supervision by state government.

 

Review – State officials visit the EB-5 projects quarterly to monitor progress of the development.  The officials are also available to assist and provide support that the project may need.

 

Project Pre-Approval – State officials must review and approve every EB-5 project before it receives the Vermont regional center designation.   Once approved, the project must enter into an agreement with the Vermont EB-5 Regional Center that places strict covenants and obligations upon the project.

 

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Vermont EB5 Director Brent Raymond (left), Specialist Becky Fu (right) with former Ambassador Gary Locke (center)

Support of Government Officials – The Vermont EB-5 Regional Center is supported by the highest level of government officials.  Senator Patrick Leahy, a senior United States senator  representing Vermont, has been a strong supporter of the EB-5 program and was key in establishing the EB-5 Pilot Program in 1992 and the extension signed into law in 2012.  Vermont Governor Peter Shumlin, Secretary of Commerce Lawrence Miller, Executive Director of Vermont EB-5 Regional Center Brent Raymond and International and Foreign Investment Specialist Becky Fu have all traveled internationally in support of the Vermont EB-5 Regional Center.

 

Track Record – The Vermont EB-5 Regional Center has a long record of successful projects.  Since 2007, nearly 800 investors have invested in Vermont projects.  More than 600 have received I-526 approvals (conditional green cards) and 160 have received I-826 approvals (permanent green cards).  The Vermont EB-5 Regional Center has a 100% success rate for both I-526 and I-829 petitions for projects.

 

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