EB-5 Interactive Series: Expenses that are Includable (or Excludable) for Job Creation
U.S. Citizenship and Immigration Services (USCIS) invited you to participate in the second engagement of the informational series “EB-5 Interactive” on Thursday, June 4, from 1 to 2:15 p.m. (Eastern). The topic of discussion was expenses that are includable (or excludable) for purposes of estimating job creation.
Economists from the Immigrant Investor Program made a short presentation and answered non-case specific stakeholder questions concerning this topic.
Why This Is Important
In the Immigrant Investor Program, regional centers and immigrant investors must submit evidence of job creation as a result of investment in a new commercial enterprise. Immigrant investors must file a Form I-526 petition accompanied by evidence that the investment will directly or indirectly create full-time jobs for at least ten qualifying people.
Most regional centers and immigrant investors rely on multiplier tables (also known as input-output modeling) to estimate the number of jobs created. To obtain a valid result, the inputs must be eligible expenses for job creation purposes.
Some types of expenses, such as transfers and transactions costs, are ineligible or limited in their job creation capabilities.
See 8 C.F.R. sections 204.6(m)(3)(ii), 204.6(j)(4)(iii) and 204.6(m)(3)(v).
Talking Points from the EB-5 Interactive Series on June 4, 2015