The New York City Real Estate Regional Center was approved by the U.S. Citizenship and Immigration Services as a designated Regional Center on April 3, 2012 and is licensed to participate in the EB-5 Immigrant Investor Program and specific investment activities within the designated geographic scope. The Project’s first investor filed the EB-5 application the following month – on May 11, 2012. Development of the Project was commenced upon the first investor’s I-526 approval in late April 2013. The geographic area of the Regional Center consists of fifteen counties – eight counties in New York and seven counties in New Jersey. The main geographic focus, however, is the five boroughs of NYC, including Kings County (Brooklyn), Queens County, New York County (Manhattan), Bronx County and Richmond County (Staten Island). The New York City Real Estate Regional Center will initially engage in the following economic activities: construction; transportation via taxi and limousine services; operation of parking facilities and car washes; and car dealerships.
Many of our Project’s investors have already had their I-526 petitions approved. Because the Regional Center has a practice of pre-screening the lawful source of investment funds of potential investors, we maintain a 100% USCIS approval rate of I-526 investor petitions.
To date, the project has created the minimum of 10 direct jobs for all our approved investors. One of our projects currently employs over 100 employees without assistance from the federal government. An additional 20-30% cushion per investor is created by indirect and induced jobs. With its continued success, the Regional Center has kept with the job creating policies behind the implementation of the EB-5 program and continues to stimulate the economy by assisting current and potential investors.
As the business has grown, so has the need for competent staff dedicated to the different components of running a successful operation. We have established an entire human resources department to focus on the ongoing process of recruitment, hiring, and training employees.
To date, all components of the business are fully operational and are creating revenue sufficient to repay all EB-5 loans in a timely manner. The Regional Center is in full compliance with all USCIS requirements and maintains an active status Please contact us to receive project specific information.