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[Q] What does it mean when some sources say that the Regional Center Program has been "revived" in 2002?
[Q] Many sources say or state that the Regional Center EB-5 Program has been "revived" or "re-established" in 2002. What does this mean? Is this true? I thought the Regional Center Program existed since 1993?
It's largely an accurate description. Even though the Regional Center Program existed since 1993, from 1997 to 2002, the Regional Center Pilot Program suffered a severe set-back that resulted from the varying positions taken by the USCIS and also by some Regional Center Program which pushed the EB-5 law over the edge of common sense. Starting 2002, USCIS (spearheaded by Morrie Berez who is no longer involved in the EB-5 Unit) started to support and clarify many of the problematic issues that had been serious impediments to the Regional Centers' moving forward. USCIS became more reasonable, and a sort of compromise has been reached. Many of the issues remain, and USCIS stated during teleconference that it is in the process of drafting official guidances on many of the issues.