Vermont EB-5 Regional Center
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.
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.