Technical Assistance

Intro EB-5 Finance WebCourse

Alaska Industrial Development and Export AuthorityBaker Tilly Virchow KrauseBNY MellonBricker & Eckler LLPBryan Cave Leighton Paisner LLPBusiness OregonCohnReznickFBT Project Finance Advisors LLCFifth Third BankFrost Brown Todd, LLCHawkins Delafield & Wood LLPIce Miller LLPKeyBanc Capital MarketsKutak Rock LLPMcCarter & English, LLPMcGuireWoodsMuniCap, Inc.NW Financial Group, LLCSB Friedman Development AdvisorsStern BrothersStifel NicolausU.S. BankWells Fargo SecuritiesWilmington TrustZ. The Bond Buyer


The Intro EB-5 Finance WebCourse examines the basic statutes and regulations governing the EB-5 Program. Topics covered include direct EB-5 vs. EB-5 Regional Center programs, minimum investment requirements, securities regulations, and business plans and economic reports. Plus several case study examples will be discussed to showcase the variety of economic development projects that can benefit from this form of capital.

The EB-5 Program is a federal foreign direct investment, immigration, and regional economic development program that provides access to capital to U.S. businesses and creates American jobs at no expense to the American taxpayer. Globalization has spurred an unprecedented rise in wealth overseas, as well as increased the speed of capital between nations. By building immigration benefits into investment incentives, the EB-5 Program provides a welcome avenue for overseas wealth to be delivered to the U.S. economy – tapping into new opportunities and opening a new frontier of development finance programs.

Join CDFA and its strategic partner, Invest In the USA (IIUSA), for a two-day WebCourse designed for all levels of expertise. IIUSA, the national trade association for the EB-5 Regional Center Program, has brought together a diverse panel of EB-5 experts to review the various aspects of this interdisciplinary program. Attendees should be prepared for an in-depth look at the basic requirements of the EB-5 Program and its components on the first day, followed by a more practical focus and “big picture” analysis on the second day.

This course qualifies for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Start down the road to personal and professional advancement today.

Course Objectives

  • Learn the basics of the EB-5 Program
  • Understand the many components to the EB-5 industry
  • Review various successful business models
  • Study industry best practices
  • Get access to the latest EB-5 data and statistics
  • Discuss the latest trends and developments
  • Hear first-hand reports on advocacy efforts
  • Know what to take into account when considering utilization of EB-5

Topics Covered

  • Overview of EB-5 statutes, regulations, and administrative policies
  • Jobs requirements related to EB-5 investments
  • EB-5 immigration law and process
  • Applicable securities laws
  • Recruiting investors
  • Working with regional centers
  • Various investment models, including equity and loans
  • Case studies of economic development projects that have used EB-5
  • Domestic and international EB-5 data and statistics
  • Legislative and federal updates related to EB-5

Who Should Attend?

  • EB-5 practitioners
  • Regional Center managers and operators
  • Bond issuers
  • Economic development professionals
  • Community development professionals
  • Elected officials
  • Government and nonprofit finance officers
  • Corporate trustees
  • Legal counsel
  • Underwriters
  • Commercial bankers
  • Accountants
  • Financial advisors
  • Policy makers

Course Advisor

Peter Joseph Peter Joseph
Since 2010, Peter D. Joseph is the Executive Director of Invest In the USA (IIUSA) - the trade association for the EB-5 Regional Center Program which accounts annually for billions of dollars in capital investment, creating tens of thousands of U.S.... (More)


The following is the preliminary agenda for this course. This agenda may be updated and modified slightly to accommodate speakers and content. However, the main areas of content as outlined in this agenda will be covered.

Day One

12:00 – 12:30 pmWelcome & Overview

Welcome to the Intro EB-5 Finance WebCourse. During this time, we will introduce CDFA and IIUSA, explain how to use the online software, and discuss the framework for the two-day course.

12:30 – 1:15 pmEB-5 Basics

The EB-5 Program has a robust history dating back over 20 years. This first session will explore the origins of the program and development of governing public policy and administrative procedures. Basic terms and structures will be introduced.

1:15 – 2:00 pmUnderstanding EB-5 Immigration Laws

The immigration laws surrounding the EB-5 Program are multi-faceted and complex. During this session, we will explain the various forms that are used within the program, including DS-230, I-485, I-526, I-829, I-924, and I-924A. In addition, the purpose of each form and their functions within the program will be explained.

2:00 – 2:15 pmBreak

2:15 – 3:30 pmUnderstanding EB-5 Securities Laws

EB-5 investment opportunities must be offered in compliance with U.S. securities laws. This session will discuss in detail Regulation D and S, broker/dealer vs. finder’s issues, and the unique risks associated with EB-5 investments.

3:30 – 3:45 pmBreak

3:45 – 5:00 pmFinding Investors

One of the first steps to successfully using EB-5 as a form of financing is identifying potential investors. During this session, learn about industry best practices for building credible relationships with overseas partners and develop a better understanding of the motivations behind investors’ decisions to put their personal wealth and immigration status at risk to move to the U.S.

5:00 pmAdjourn

Day Two

12:00 – 12:15 pmRevisiting Day One

The first day of the Intro EB-5 Finance WebCourse looked at the basics of the EB-5 Program and the various laws and policies governing its use. At the start of Day 2, we will review some important terms and set the stage for the remaining sessions focused on the more technical aspects of the program including deal structuring, working with regional centers, and understanding EB-5 trends and statistics.

12:15 – 2:00 pmWorking with Regional Centers

Working with Regional Centers is critical to accessing EB-5 investments. This session will focus on various ownership and administration models for Regional Centers, ranging from public ownership-administration to public-private partnerships to purely privately owned-operated. We will outline the different models and how each works in practice.

2:00 – 2:15 pm

2:15 – 4:00 pm

EB-5 as a Component of the Capital Stack

Financing economic development projects requires a careful structuring of several sources, often including bonds, tax credits, loan funds, and other sources. As EB-5 becomes a more prevalent financing source, understanding how this investment works within the overall capital stack is critical to seeing a project move forward. This session will explain various structures using EB-5, look at how to balance equity vs. loan models, and how the jobs requirement fits into the overall planning process.

4:00 – 5:00 pmCase Studies: When Things Go Right…and When They Go Wrong

Investments succeed and fail every day. When a project using EB-5 investments is realized, foreign investors receive immigration benefits and financial dividends, U.S. businesses grow, and U.S. jobs are created. When things go wrong, the ripple effect is equally powerful. This session will review both sides of the story and provide some case study examples of projects across the country.

5:00 pmAdjourn


Check back for upcoming course dates or email CDFA to find out when this course will next be offered.


The Intro EB-5 Finance WebCourse qualifies for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Start down the road to personal and professional advancement today.

CDFA permits only one person to login and participate in the course. If multiple people are accessing the course without paying to attend, we will terminate your connection and access to GoToWebinar. CDFA offers group discounts for organizations that wish to register multiple people.
Early Bird Rates
CDFA Member: $550
Non-Member: $825
Standard Rates
CDFA Member: $600
Non-Member: $875