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Just going a little beet deeper into the Job Creation piece. As I mentioned earlier, that each and every EB-5 applicant is required to create at least 10 full-time jobs. If you the Direct Investment route, you have an obligation to create and maintain at least 10 full-time jobs until you get your permanent Green Card and if you do a Regional Center Investment, then the Regional Center and developer have the burden but you still have to show the proof that those jobs are indeed created through your $500,000 investment. And again, in the Regional Center framework, the Regional Centers and developers will provide you with those types of documentation.

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And you might notice in the first bullet point there that every EB-5 applicant shall be required to preserve at least 10 full-time jobs. The preserve piece comes in when say an investor does not necessarily invest into a new business, perhaps they invest into an existing business. Now, an existing business may qualify for an EB-5 given that it is a troubled business. So, say that if you rescue a business that’s in the danger of closing or that’s been in losses for a number of years, and it’s in danger of losing jobs. And perhaps say it’s a hotel in Southern California where I live, in fact, I’m actually talking from a real world example where, there was an Egyptian client who identified a property in California that was in losses and in danger of shutting down and they were going to lose about 10 or 12 full-time jobs because of that. So, they came in an actually rescued that property and put in new management and did some other things that turned the whole business around. Instead of creating 10 new jobs, they actually saved 10 or 12 existing jobs, and that helped them qualify for an EB-5.

Now, they did that through a Direct EB-5 and there’s obviously a level of risk that they took on when they rescued a troubled business. They actually ended up putting in more than $500,000 and you know, they did have about 25-plus years of experience back in their home country in running hotels and motels and they had a very strong support system in place here in California. I think that contributed immensely to their success. Again, going back to my initial thought about direct investments, they’re doable, but they’re challenging, but with the right solutions and strategies in place it can definitely work.

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