About Us
The Principals of the Texas Energy Regional Center have a combined total of over 33 years in the EB-5 industry both as project developers and regional center operators. The Texas Energy Regional Center team launched their first deal together in 2013 in the Bakken Shale Formation located in Western North Dakota. The Bakken project has been a huge success and has received 924 exemplar approval, as well as over 62 I-526 petition approvals. In addition to these approvals, the Bakken project has created hundreds of jobs in North Dakota, in a time when the oil industry was in a downturn and most other oil companies were laying off employees. The Texas Energy Regional Center team would like to build off of the success of the Bakken project and duplicate those efforts with additional EB-5 energy project located in the Permian Basin in West Texas.
What is EB-5?
EB-5 Regional Center Program
The Immigrant Investor Program, also known as “EB-5”, is a job creation visa program that was created in 1990 by Congress and is administered by U.S. Citizenship and Immigration Services (USCIS). The Immigration Investor Pilot Program, also known as the “EB-5 Regional Center Program” was created in 1993.
The purpose of an EB-5 regional center is to stimulate econometric development, create jobs, and improve regional productivity through direct foreign investment, while providing eligible foreign investors an opportunity to become permanent U.S. residents. An EB-5 regional center is an entity that has been approved by USCIS under the Department of Homeland Security. A regional center 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.
Investor Requirements
I-526 Application for Conditional Permanent Residence
1. The applicant must invest in a new, expanding, or troubled business.
- New: created or restructured after November 19, 1990
- Expanding: existing net worth or number of employees by a minimum of 40%
- Troubled: has existed for at least 2 years and incurred a net loss of at least 20% during the previous 12-24 month period. If investing in a trouble business investor petitions to the U.S. Citizenship and Immigration Services (USCIS) can be based on jobs ‘saved’ by the investment verse the investment creating 10 director or indirect jobs.
2. The applicant must invest $1,000,000. If the project is in a Targeted Employment Area (TEA) the minimum investment requirement is reduced to $500,000.
Our Staff
Regional Center Principals
The Texas Energy EB-5 Regional Center Principals have significant experience in both EB-5 and the oil and gas industry.
- 33 years of experience in the EB-5 industry
- Experience successfully running an EB-5 regional center
- A combined total of nearly $500M in EB-5 raised
- Successfully developed and funded a $250M EB-5 project in the oil and gas industry
- Have previously worked with top tier EB-5 migration agents in the Chinese market
- A combined total of 65 years of experience in the oil and gas industry
- No Principal has been associated with an EB-5 project that has received an I-924, I-526, or I-829 denial
