The COVID-19 pandemic has had significant impacts on people’s daily lives, the global economy, and how businesses operate. Still, people and businesses have slowly begun to adapt to the roundabout of the situation. Most people have been working from home and online. Consumers have become more e-commerce oriented – from ordering food to shopping, everything’s been done online.
As to EB-5 investments, investors are still anxious about the pandemic’s adverse effects. The hospitality, tourism, and retail industries, which make up a sizable amount of investment offerings from EB-5 regional centers, have been significantly affected. With e-commerce booming and the diminishing demand for brick-and-mortar businesses, many EB-5 investors have begun to question their next move. How can they adapt and secure the quality of their EB-5 investments despite these circumstances? Let’s take a look back to 2020 and what steps successful investors have taken to counteract the pandemic’s negative impacts.
EB-5 Operations Adapting During the COVID-19 Pandemic
Regional centers and EB-5 operators have made significant changes to cope with the Covid-19 pandemic. Both have ensured that their business operations comply with the government and public health mandates and stay afloat financially.
The huge uptick in the e-commerce world due to the increasing demand for online and home delivery services has had re-routed many investors to the logistics and distribution business sectors. EB-5 regional centers, on the other hand, try to tie up loose ends, adapting the necessary adjustments to assure investors the absolute chances of success in their EB-5 projects.
Choosing a Trusted and Experienced EB-5 Regional Center
EB-5 regional centers work with clients to secure a successful EB-5 investment and immigration to the U.S. as they align the most suitable projects for their clients. Typically, regional centers offer a wide range of projects that vary from different industries and provide a leeway for investors to use market trends to their advantage.
Therefore, investors should find the best regional center to suit their needs in finding projects that meet all of the EB-5 eligibility requirements (specifically creating ten full-time jobs for U.S. workers) without assuming any unnecessary risk. Even amidst the Covid-19 pandemic, a trusted regional center also seeks out projects in high-demand sectors with a growth projection in the long run.
Most importantly, prospective investors on the EB-5 program should practice due diligence in choosing the best partnership to ensure that the impacts of the COVID-19 pandemic do not cost their investment and U.S. immigration success.