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Updated over 4 years ago,

User Stats

5
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0
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Kelley Jorgensen
  • New to Real Estate
  • Vermillion, SD
0
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5
Posts

EB5 Project Across State Lines

Kelley Jorgensen
  • New to Real Estate
  • Vermillion, SD
Posted

I live in Southeastern South Dakota, and if you're familiar with EB5 you'll know about the scandal that took place a few years ago --essentially, several Chinese investors were scammed, they sued the state, we lost our regional center. (https://www.uscis.gov/working-united-states/permanent-workers/employment-based-immigration-fifth-preference-eb-5/eb-5-immigrant-investor-regional-centers/approved-eb-5-immigrant-investor-regional-centers) Anyway, our former governor, Mike Rounds presented an overhaul bill backed by Graham (sen SC) and Cornyn (sen TX) and is trying to get the center back. --as far as I understand anyway. 

My question is, can I use the Omaha or Minneapolis Regional Centers to fund a hotel + retail project in South Dakota? 

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