EB5 Investors Magazine Volume 7, Issue 2 | Page 94

TOP BUSINESS PL AN WRITERS SUZANNE LAZICKI LUCID PROFESSIONAL WRITING Suzanne Lazicki is a business writer and consultant specializing in the EB-5 program. In 10 years since founding Lucid Professional Writing, Lazicki has written hundreds of business plans for regional center and direct EB-5 projects, and a variety of plans and market reports for nonimmigrant investments. She holds a B.A. in English Literature and Master of Business Administration. Lazicki runs blog.lucidtext.com, providing EB-5 news, data and analysis to readers around the world. Her published work includes articles on business plans in the third and fourth editions of “Immigration Options for Investors & Entrepreneurs,” published by AILA. WHY DID YOU GET INVOLVED IN THE EB-5 INDUSTRY? I got involved in the EB-5 industry in 2009, when EB-5 represented hope for U.S. projects struggling with the recession, and for immigrants shut out of other categories and countries. With little competition, no backlogs and swift processing times, EB-5 offered low-cost capital and a visa fast track. I stayed with EB-5 through an increasingly tough decade, because writing for this field fits my particular skills, interests, and international background. WHAT NEW TYPES OF PROJECTS AND TRENDS ARE YOU SEEING IN THE EB-5 INDUSTRY AFTER THE NEW REGULATIONS TOOK EFFECT? Since the regulations took effect, I’ve seen regional centers and project companies tentatively trying out the same types of projects that they did before, testing what will work in the current market. The targeted employment area restrictions limit the number of projects being considered, while the price increase moderates the size of offerings. With the regulations in place, focus has shifted to challenges from visa availability, backlogs, processing times and shifting USCIS standards. The industry must navigate contracting EB-5 demand while supporting past investors who depend on long-term commitment to the program. MARISA MARCONI PINNACLE PLAN WRITING Marisa Marconi is the founder and lead writer at Pinnacle Plan Writing. She has 13 years of experience in the business p lan nin g in d us tr y an d has d e v e l o p e d m o r e t h a n 9 75 business plans for visa petitions, including 350 EB-5 plans of direct and regional center projects. She formed Pinnacle in 2016 to focus on developing thorough and highly tailored plans for the immigration market. Her portfolio includes plans for small to large companies and projects in almost every industry. Marconi holds a degree in English from Columbia University. WHY DID YOU GET INVOLVED IN THE EB-5 INDUSTRY? I started focusing on immigration and the EB-5 industry back when the program was really starting to gain traction and swell with interest from China. As the requirements for EB-5 business plans became more stringent and specific with Matter of Ho, it became apparent that regional centers 94 EB5 INVESTORS M AGAZINE and investors would benefit from professional writers and researchers that understood the EB-5 market. This type of work is meaningful to me, not only because these projects create jobs for local communities, but because the plans I develop also contribute to helping immigrants find their place in the U.S. WHAT NEW TYPES OF PROJECTS AND TRENDS ARE YOU SEEING IN THE EB-5 INDUSTRY AFTER THE NEW REGULATIONS TOOK EFFECT? Since the new regulations passed in November 2019, I’ve seen a precipitous drop in new projects. The interest that I am seeing is largely in direct projects for single investors. I think we’re in an expected post-regulations cooling-off period, where the market is waiting to see if any new legislation pans out and the industry is waiting to see what happens with the market. Despite the changes, I believe the program will remain in demand in emerging markets that are not in retrogression, and we’ll see more projects in new geographies that still qualify as TEAs.