<!– Comment –>
<p>Comment: Mass EB5 Layoffs</p>
<p>
What will the EB5 industry look like when November 21st dawns? For
investors, the investment amount would have gone up 80%. The demand will
shrink–but by how much? If the demand shrinks as much as 44% in investors
the total size of the market in Dollars Invested would remain the same.
((1.00-0.44)x(1.00+0.80) = 1) However, if the demand were to shrink even
more, say 72% in investors, then the total size of the market in Dollars
Invested would shrink by half ((1.00-0.72)x(1.00+0.80)=0.50).
</p>
<br/>
<br/>
<p>
For projects, the definition of TEAs is changing which will now exclude
almost all of the large urban developers. As the differential between the
TEA ($900K) and non-TEA ($1.8M) is gigantic, there will be no practicable
market left for large urban projects. In terms of capital raised in the EB5
industry before the Nov 21 deadline, players that raised 80% of the total
EB5 capital raised in the last 5 years will be out of the market. Even if
the total market shrinks as a whole in Dollars Invested, the players that
will remain and perhaps even grow will be largely rural projects and
projects in high unemployment areas within MSAs.
</p>
<br/>
<br/>
<p>
With no hope of raising EB5 capital, all kinds of teams in large urban
projects will shrink dramatically including Investor sourcing and relations
teams; Project sourcing teams and all other EB5 related teams within large
urban projects. Several of the top 100 Regional Centers have already laid
off 50% to 90% of their staff. After November 21st almost all such regional
centers will lay off significant percentage of their staff ranging from 50%
to 90% of current staffing. The industry as a whole would shrink by
approximately 50%. Just as law firms that prospered in the heyday of
Chinese EB5s had all their large teams decimated in the past year–the same
will happen again after the deadline. The same will be true for other
support services such as business plan writers, economists and securities
attorneys. Many working hard today across the industry will find themselves
polishing their resumes and exploring areas other than EB5.
</p>
<br/>
<br/>
<p>
The network effect of this 50% shrinkage in the EB5 industry are even
greater. As the large urban projects were the central nodes of the current
EB5 industry network, their disappearance will result in almost 95%
shrinkage in existing EB5 networks. With such a devastating shrinkage in
the existing industry network, it is fair to say a whole new network within
the EB5 industry will have to be created establishing new relationships
from scratch.
</p> Contact us by writing to <a href=”mailto:editor@ilw.com”>editor@ilw.com.</a>or call us at +1 212-545-0818<br/>
<!– END Comment –>
<!– Article; Blogging; News –> <!– <p><a href=””></a> –>
<p><a href=”http://discuss.ilw.com/articles/articles/392131-article-the-devil-is-in-the-details-digging-deeper-into-2020-refugee-resettlement-changes-by-kristie-de-pe%C3%B1a-matthew-la-corte” target=”_blank”>Article: The Devil is in the Details: Digging Deeper into 2020 Refugee Resettlement Changes By Kristie De Peña, Matthew La Corte</a></p>
<p><a href=”http://discuss.ilw.com/blogs/bbuchanan/392127-ocaho-rules-complaint-does-not-need-to-have-attached-2-020-forms-i-9-in-issue” target=”_blank”>Blogging: OCAHO Rules Complaint Does Not Need to have Attached 2,020 Forms I-9 in Issue By Bruce Buchanan
</a></p>
<p><a href=”http://discuss.ilw.com/blogs/immigrationlawblogs/392130-quid-pro-quo-impeachment-won-t-stop-miller-s-white-nationalism-but-h-1b-and-o-1-success-is-still-possible-two-stories-show-part-1-by-roger-algase” target=”_blank”>Blogging: Quid Pro Quo impeachment won’t stop Miller’s white nationalism. But H-1B and O-1 success is still possible, two stories show. Part 1 By Roger Algase</a></p>
<p><a href=”http://discuss.ilw.com/articles/news/392132-news-uscis-issues-guidance-on-adjustment-of-status-by-aliens-whose-conditional-permanent-residence-has-been-terminated” target=”_blank”>News: USCIS Issues Guidance on Adjustment of Status by Aliens Whose Conditional Permanent Residence Has Been Terminated
</a></p>
<!– END Article; Blogging; News –>
<!– Focus –>
<!– Focus –>
<p>Focus: PERM Illuminated – Hot Off the Presses<br>
Joel Stewart has done something remarkable in the new edition of THE PERM BOOK 2017-18 Edition. He has taken the spaghetti of all the sources on PERM: legislations, rules, FAQs, cases etc. and reintegrated them into a simple and luminously logical progression of how to do PERM. In each of the chapters, he uses articles by notable practitioners and his own extensive commentary to provide deep insights on every aspect of PERM. If you are a seasoned PERM practitioner, you will appreciate the clarity of the organization seen in the table of contents below, and will discover many new insights in every chapter. For anyone relatively new to PERM, Joel Stewart serves as a trusted guide to your mastering the lay of the land of this complex area. This book belongs in the library shelf of every PERM practitioner. Get your copy now, here: <a href=”http://www.ilw.com/books/THEPERMBOOK.shtm” target=”_blank”>http://www.ilw.com/books/THEPERMBOOK.shtm</a></p>
<p>Book includes: Chapter 1: All About the Law, Chapter 2: Parties to PERM, Chapter 3: Legal Requirements, Chapter 4: Anomalies: Special Handling or Processing, Chapter 5: Educational Degrees as Requirements, Chapter 6: Job Offers, Chapter 7: Prevailing Wage Requests, Chapter 8: All About Recruitment, Chapter 9: Consideration of Job Applicants, Chapter 10: All About Filin, Chapter 11: Post Filing Issues, Chapter 12: Approvals: Expiration, Validity, Portability & Duplicates, Chapter 13: Denials, Chapter 14: Request for Reconsideration, Chapter 15: Introduction to BALCA, Chapter 16: How to Request Review at BALCA, Chapter 17: Consideration by BALC, Chapter 18: BALCA Can Remand, Chapter 19: Disciplinary Measures, Chapter 20: DOL Organization and Updates, Acknowledgements, The PERM Book Online Library. </p>
<p>Get your copy of THE PERM BOOK 2017-2018 edition Now, Here: <a href=”http://www.ilw.com/books/THEPERMBOOK.shtm” target=”_blank”>http://www.ilw.com/books/THEPERMBOOK.shtm</a></p>
<p>For additional information, including author biographies and purchase information, please see:<br>
<a href=”http://www.ilw.com/books/THEPERMBOOK.shtm” target=”_blank”>Online</a><br>
<a href=”http://www.ilw.com/books/THEPERMBOOK2018orderform.pdf” target=”_blank”>Fax Form</a>.</p>
</p>
<!– END Focus –>
<!– Headlines –>
<a name=”Headlines” id=”Headlines”></a>
<!– Headline: <a href=””>Click here</a><br/> –>
<p>
Headline: Leaked email from top immigration official reveals new policy hoping to stop leaks
<a href=”https://www.washingtonexaminer.com/news/leaked-email-from-top-immigration-official-reveals-new-policy-hoping-to-stop-leaks” target=”_blank”>Click here</a><br>
Headline: ‘His beliefs are appalling’: email scandal sparks calls for Stephen Miller to resign
<a href=”https://www.theguardian.com/us-news/2019/nov/21/stephen-miller-trump-adviser-demands-resign-fired-email-scandal” target=”_blank”>Click here</a><br>
Headline: ‘An American Tail’ Explores Bleak Immigrant Struggles That Still Resonate in 2019
<a href=”https://www.vice.com/en_ca/article/9kep95/an-american-tail-explores-bleak-immigrant-struggles-that-still-resonate-in-2019″ target=”_blank”>Click here</a><br>
Headline: Latino Marine vet suing for $1M over wrongful immigration arrest
<a href=”https://www.foxnews.com/us/latino-marine-vet-suing-for-1m-over-wrongful-immigration-arrest” target=”_blank”>Click here</a><br>
Headline: Florida billboards demand the US government stop detaining migrant children
<a href=”https://www.cnn.com/2019/11/20/us/florida-billboard-children-detention-trnd/index.html” target=”_blank”>Click here</a><br>
</p>
<!– END Headlines –>
<!– Service Provider –>
<p>Foreign Credential Evaluations & Translations<br/>
American Evaluation & Translation Service, Inc. (AETS) is the industry leader in foreign credential evaluations and certified document translations. AETS provides the most competitive rates in the industry – including educational evaluations using the Aacrao EDGE database, as well as expert opinion work experience and position evaluations completed by university professors who have the “authority to grant college level credit for work experience and/or training.” AETS offers a variety of turn-around times, including same-day service for Educational and Work Experience Evaluations, and Expert Opinion Position Analysis and Position Evaluations. For list of rates and times, see: http://www.aetsinternational.com/
AETS also provides certified translations in 100+ languages, with translators that are specialists in 80+ fields. For a copy of the Application for Credential Evaluation and Translation Services, please visit the following link: http://www.aetsinternational.com/translation-services/
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<!– END Service Provider –>
<!– Classifieds –>
<!– END Classifieds –>
<!– Letters to the Editor –>
<p><a href=”http://discuss.ilw.com/blogs/idblog/392110-letters-of-the-week-nov-18-nov-22″ target=”blank”>Letters of the Week</a></p>
<!– END Letters to the Editor –>
<!– ComingsNGoings –>
<p>ComingsNGoings: Immigration Event<br>
Suffer the Little Children: Unaccompanied Child Migrants and the Geopolitics of Compassion in Postwar America,
12:00-1:00 p.m., Monday, December 2, 2019,
Center for Comparative Immigration Studies,
University of California, San Diego,
Eleanor Roosevelt College Provost’s Building, Conference Room 115,
9500 Gilman Drive,
La Jolla, CA 92093. For more information, Click <a href=”https://ccis.ucsd.edu/_files/Event%20Flyers-Programs-Agendas/Event-Flyer—Bradford-12-2-19.pdf”>Here</a>.
</p>
<!– END ComingsNGoings –>
<p>
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<a name=”publisher” id=”publisher”></a> <!–PublisherEditor–>
Publisher: Sam Udani ISSN: 1930-062X<br/>
<a href=”http://www.ilw.com/immigrationdaily/advisoryboard.shtm”>Advisory
Board</a>: Jason Dzubow, Rami Fakhoury, Matthew Kolken, Chris Musillo,
Lory Rosenberg, Greg Siskind, Joel Stewart, Margaret Wong
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