|Why Is This Man Laughing?|
Is There Something Funny Going On?
Soon after the news of the notice began circulating (October 23, to be precise), Governor Dennis Daugaard seemed perfectly content to allow the program to lapse in South Dakota. He told KCCR Radio in Pierre that he "doesn't see a time where we are going to need investment capital from foreign sources" and that "there's (sic) lots of investment capital sitting on the sidelines right here in America." Daugaard concluded that the domestic money could "be found without the use of this kind of program." Seems simple and conclusive enough. With the October 31 deadline approaching I doubted that his braintrust at the Governor's Office Of Economic Development (which had the responsibility of handling the SD regional center's duties involving oversight and management of the program and its contractor SDRC, inc.) could come up with a point-by-point response to USCIS's formidable list of the inadequacies it found.
I turned out to be wrong on both scores. First off, a mere 7 days after Daugaard dismissed the
EB-5 program as an unnecessary source of investment capital, officials in Pierre were aggressively responding to the Notice of Intent and putting everything they had into a refutation that takes up 113 pages of arguments and exhibits. They want this program back. If you scan it, you'll probably have as many doubts as I do that the compilation was prepared in the week between Daugaard's kiss-off of EB-5 and the response cooked up by his officials (who pretty much pin all the inadequacies on the contractor, SDRC, inc.). Even if they did get it done on such short notice, it's hard to believe that Governor Daugaard didn't know it was in the hopper. After all, it is the GOVERNOR'S Office of Economic Development. Was Daugaard lying when he told KCCR that we don't need investment capital from foreign sources, which is what EB-5 is all about? Or was he just clueless about the frenetic activity going on in his own Office of Economic Development? I doubt that he was lying, so I conclude that he was just clueless. It would be nice to get an explanation from the Governor's office.
|Still Under Scrutiny|
When Do We Get The Whole Story?