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[Q] What are some advantages and disadvantages of getting a regional center designation?
1. Can "try" to be allowed to count indirect/induced jobs, in addition to "direct" jobs. This is a big advantage, as it is often not feasible to meet the 10 jobs per investor requirement by counting only "direct" jobs. This is why for a direct, individual EB-5 case, the jobs number should be reduced to something more reasonable, let's say 5 full-time jobs. In addition, it doesn't make sense not to be allowed to count part-time jobs.
2. Note both regional center based EB-5 project and direct, individual (non-regional center) project can "try" to do a TEA, i.e., $500,000 USD investment EB-5 projects.
1. Costs substantial money and time to get the regional center designation.
2. There are cumbersome reporting requirements set by USCIS.