effrey B. Carr is president and
senior economist of Economic &
Policy Resources, Inc. (EPR), and
he and the EPR team of
extensively in the EB-5 industry as economists and business
plan writers for over 20 years. In addition to EPR’s national
economics and business plan writing practice, Carr has lectured
on the EB-5 program throughout the U.S. and China, and has
completed more than 300 assignments under the program,
including impact studies, business plans, TEA analysis opinions,
and regional center business-operations plans. Carr also has
served on the IIUSA Public Policy Committee since 2013.
WHY DID YOU GET INVOLVED IN THE
While our first EB-5 assignment was in 1997, EPR made a strong
commitment to the EB-5 program in 2004. Since then, we have
worked along with other EB-5 professionals to help developers
complete projects when other avenues were not available. At the
same time, we also saw the program as a good way to assist
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immigrant investors to realize their goal of permanent U.S.
residency. This work built upon our extensive experience with
conducting economic impact studies, and it also utilized our
extensive litigation experience as expert witnesses. Putting the
two together made sense to us as a win-win proposition.
WHAT NEW TYPES OF PROJECTS AND
TRENDS ARE YOU SEEING IN THE
The industry has been impacted by the combination of the
COVID pandemic, uncertainty surrounding the litigation relating
to 2019 DHS regulations, and the upcoming sunset of the
regional center program. Even so, we are seeing some renewed
interest in the program—with the assumption that something
workable will happen regarding the regional center program’s
reauthorization. However, this new interest appears fleeting, and
many experienced participants are taking a “wait and see”
approach. If there is a positive outcome for reforms and this
includes an increase in visa availability, the future looks much
brighter for the regional center program going forward.
Miller Mayer would like to congratulate
Stephen Yale-Loehr and Nicolai Hinrichsen
for being listed as Top 25 Attorneys by EB-5 Investors Magazine.
We are proud to have our dedicated EB-5 attorneys
recognized by EB-5 Investors Magazine!
Ithaca, New York | www.millermayer.com
EB5 INVESTORS MAGAZINE