Our Regional Center
The USCIS designated specific areas, called Regional Centers, as eligible to receive immigrant investor capital. Regional Center investments are especially attractive because investors may rely on indirect job creation rather than directly hiring ten employees.
Of the 10,000 investor visas (i.e., EB5 visas) available annually, 5,000 are set aside for those who apply for a green card under the Regional Center pilot program. Since its re-introduction there has been a month by month acceleration in EB5 visa applications though, to date, the annual quota has not yet been exceeded. The Regional Center Pilot Program has had many renewals and is currently scheduled to expire in September 2012. Strong bi-partisan support in Congress gives us good reason to believe it will continue to be renewed or transformed into a permanent program after September 2012. We will keep you up to date via our News page.
American Life Inc. is the general partner of the Gateway Freedom Fund. Its Regional Center was founded in 1996 and is also called the Golden Rainbow Freedom Fund. It comprises the industrial district immediately south of downtown Seattle, commonly known as SODO. In 1996, INS, now the USCIS, approved a proposal to use immigrant investor capital to purchase, renovate and manage aging industrial properties in the SODO area.
The City of Seattle sponsored the formation of the Regional Center. American Life Inc. partners with the Economic Development Council of Seattle & King County to develop general guidelines for fostering economic development within the Regional Center. The State of Washington and the Federal Government had previously designated the same area as an economic zone qualified for various tax incentives designed to attract investment.
Each Regional Center investor purchases an interest in a specific Limited Partnership, managed by American Life Inc. Each partnership owns, renovates and manages a property within the Regional Center. Indirect employment results from jobs created by elevating a previously underutilized property to a more productive use. Thus, investments in American Life Inc. Limited Partnerships meet the requirements for the EB5 visa.
American LIfe - Managing 10 Regional Centers
Building on the success of its first Regional Center in Seattle, American Life has nine other Regional Centers under its management and guidance. Not all Regional Centers have qualifying investment projects available at any one time, and some are still in the evolutionary phase.
If you wish to learn more about the EB-5 qualifying projects offered by American Life, please fill out our Enquiry form.
Washington
Seattle — American Life Seattle Regional Center
Tacoma — American Life Ventures
Everett — American Life Ventures Everett
Lakewood — Lakewood Regional Center
California
Los Angeles — Regional Center Properties, Inc.
Los Angeles — Riverside PUMA Area Regional Center
Los Angeles — Regional Center Management Los Angeles
Georgia
Atlanta — Atlanta EB-5 Regional Center LLC
New York
Buffalo and Niagara — Buffalo Regional Center
Florida
— to be announced
