Sunday, November 8, 2009
Proliferation of Regional Centers is not healthy
At last count -- November 8, 2009 -- there were 73 approved Regional Centers in the United States with dozens more applications pending -- meaning we are on track to have more than 100 Regional Centers by the end of the year.Most of these Regional Centers -- probably more than 95 percent -- will not lure EB-5 investors to their investment projects. The economy is still bad here even though the Asian markets are heating up.What I am worried about is whether we will see wild claims from more and more Regional Centers about their investment projects and about guaranteed returns on investment and guaranteed permanent green cards. We've seen it before and I am afraid we are destined to see it again if, for no other reason, than there are just so many Regional Centers out there trolling for the same pool of investors.