A Regional Centre is defined as any economic unit, public or private, which is involved with the promotion of economic growth, improved regional productivity, job creation, and increased domestic capital investment.
In simple terms, a Regional Centre is an area designated by the USCIS as eligible to receive immigrant investor capital.
A Regional Centre obtains its designation by submitting a detailed application to U.S. Citizenship and Immigration Services (USCIS).
The organisers of a regional centre seeking the regional centre designation from USCIS must submit a proposal showing:
* How the regional centre plans to focus on a geographical region within the U.S., and must explain how the regional centre will achieve the required economic growth within this regional area.
* That the regional centre’s business plan can be relied upon as a viable business model grounded in reasonable and credible estimates and assumptions for market conditions, project costs, and activity timelines.
* How in verifiable detail (using economic models in some instances) jobs will be created directly or indirectly through capital investments made in accordance with the regional center’s business plan.
* The amount and source of capital committed to the project and the promotional efforts made and planned for the business project.