2012 – 2013 Fiscal Year EB-5 Program Statistics
2012 – 2013 fiscal year was a wonderful year for EB-5 Program!
According to the initial results, in 2012 only the EB-5 industry supported 42,000+ American jobs, added $3.39+ billion in GDP and generated $712+ million in federal/state/local tax revenue (up from 33,000+ jobs, $2.6 billion in GDP, and $564+ million over the previous TWO years combined).
The statistics for I-526, I-829 and I-924 petitions are as follows:
Form Receipts Approvals Denials Approval Rate Growth in Receipts from 2012
I-526 6,517 3,677 781 82.5% 7.9%
I-829 1,217 844 44 95.0% 70.9%
I-924 436 220 29 88.4% 81.7%
The comprehensive dataset brings to light several data points in the EB-5 industry include:
The 6,517 I-526 petitions received in FY2013 accounts for $3.25+ billion in capital formation – a record setting year – while the 3,677 I-526 approvals account for just over $1.83 billion.
FY2008-2013 (the most recent six years) accounts for 68.5% of all I-526 receipts and 62.8% of all I-829 receipts.
The I-526 approval rate over the last six years (FY2008-2013) averages out to 83.7%, much higher than the 64.4% over the entire span of the Program’s existence. We see this as evidence that EB-5 policy has become more predictable in recent history, improving approval rates along the way.
Over the last three years (FY2011-2013), I-526 approval rates have hovered right around 80%; while the I-829 approval rate has eclipsed 90% in each of those years.
In FY2013, I-829 filing volume was the second highest it has ever been at 1,217, behind only FY2011 when 2,345 were received by USCIS. Given the higher volume of I-526 filings over time, we expect even higher I-829 volume in FY2014.
The I-829 approval rate over the last six years (FY2008-2013) averages out to 87.1%, much higher than the 73.2% over the entire span of the Program’s existence. We see this as evidence that the Program is delivering on its promise to EB-5 investors!
I-924 approvals were up 500+% between FY2012 and FY2013, going from 35 to 220 in just one year! This includes applications for initial designation and amendments to existing designations. USCIS made some policy decisions in 2013, while enhancing its administrative capacity that made this possible.
The I-924 approval rate jumped from 35.7% in FY2012 to 88.4% in FY2013.