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[Q] What is the relevance and benefits of being designated as a Regional Center by USCIS?
Basically, the relevance of being designated as a regional center is that the applicant (a for-profit or non-profit company can apply for designation) can establish EB-5 projects within the geographic region and the parameters set forth in the regional center designation letter in terms of investment structures and types of industries, etc. in order to attract foreign investors.
The biggest benefit is that the requisite creation of ten full time and new positions can be achieved directly, indirectly or induced means. A specific, acceptable job-calculation method should be set forth in the regional center designation letter, and all the projects taking place pursuant to the specific regional center must comply with the conditions contained in the designation letter.