EB-5 New York State is pleased to announce that every Investor’s I-829 petition in another of its EB-5 investment projects was approved, granting investors unconditional US green cards.

“We are extremely proud that after many years, every investor’s I-829 petition in this exciting EB-5 project was approved by USCIS” remarked Bill Gresser, President of EB-5 New York State. “Our primary goal is for every investor to eventually achieve unconditional US permanent residence, and we’re happy that another of our investment projects has reached 100% I-829 petition approval and unconditional green cards for Investors.”

The EB-5 program is a job-creation program and EB-5 investors are required to create new, US jobs. USCIS will approve an Investor’s I-829 petition only after determining that these new, US jobs, which are required to be created, were actually created. As Gresser noted, “The US government’s approval of the Investor I-829 petitions is proof that the EB-5 investment is at work in the US economy, and has actually created so many new, US jobs.”

The investors weathered turbulent years of uncertainty as the EB-5 program changed while their EB-5 petitions were pending at USCIS. The EB-5 program was subject to a number of short-term extensions, and a lapse of the program before its current 5-year reauthorization. COVID-19 and subsequent staffing issues further delayed the processing of all petitions at USCIS. These investors stayed the course and were rewarded with I-829 Petition approvals and unconditional US permanent residence (US green cards).

Gresser, who serves as the Vice President of the industry trade association, Invest In the USA (IIUSA), played a significant role in the association’s efforts to shape the text of the new law. As Gresser remarked, “While we congratulate these EB-5Investors and their families on their unconditional green cards, we are hopeful that future EB-5 investors and their families will be hugely benefited by the passage of the new EB-5 Reform and Integrity Act, which includes a 5-year reauthorization, enhanced integrity provisions and investor protections.”