What is the best economic model to use when developing an EB-5 project?
What economic model should we go with for a successful EB-5 project? Is the RIMS II economic model still acceptable by USCIS?
RIMS II, REDYN and IMPLAN are all acceptable. No one methodology is preferred over another, as long as they are used properly.
The most popular acceptable EB-5 models include RIMS II, Redyne and Implant. All models have been approved by USCIS.
The RIMS II economic model is the most used, but there are other accepted economic models.
RIMS II is still an acceptable model. There will likely be changes to the TEA rules soon.
There is no "best" model. The generally accepted models are RIMS II, IMPLAN, and REDYN. Of those three, some folks prefer RIMS II because of greater transparency. Also, it is the only one of the three which USCIS economists can test themselves. The other two rely on private derivatives. Most economists should be able to run some rough estimates on your project using RIMS II and IMPLANso you can get an estimate of which would be more appropriate. The bigger issue is whether the inputs you provide them with (e.g., construction costs) are reasonable. Remember: they will be audited later on.
As far as we understand, the RIMS II economic model is still acceptable by USCIS.
Yes RIMS II is still the most popular but some economists may have a preference depending on their regional results. We also need to keep on eye on the changes that may be made in the next few months to TEA modeling.
The academically accepted economic model that provides the most analytic and sound correlation of the project and job creation for your needs is the best model. RIMS II is but one of your choices. You should consult with an experienced plan writer to explore your options.