Project developers in Richmond Hill can affiliate their EB-5 projects with the EB5 Affiliate Network (EB5AN) regional center in New York. This EB-5 regional center’s area of geographic coverage spans every neighborhood in the city of Richmond Hill.

Contact EB5AN now to find out how becoming a business affiliate of the EB5AN State of New York EB-5 Regional Center can facilitate your Richmond Hill EB-5 project.

What can your EB-5 project gain by renting our EB5AN regional center in Richmond Hill?

By affiliating your EB-5 project with our EB-5 regional center, you avail yourself of several outstanding benefits.

1. You can begin raising EB-5 investment capital for your project right away

As our New York EB-5 regional center has coverage of the entire state of New York, every area of Richmond Hill is also included in its coverage. This means our affiliates have access to EB-5 investment capital no matter where in Richmond Hill their projects are located. U.S. Citizenship and Immigration Services (USCIS) has approved all of EB5AN’s regional centers. Our New York EB-5 regional center, as well as the others, are listed on the USCIS website.

2. You can include indirectly created jobs in your final numbers

While direct investment projects are limited to counting only directly created positions that last for 24 months or more, job creation figures for regional center projects are based on a broader view of their economic impact. When you include those indirectly created employment opportunities, your project boasts higher employment numbers. This makes investors more interested in funding your project, since they can more confidently meet EB-5 program requirements around job creation.

3. You can streamline the capital-raising process for your Richmond Hill EB-5 project

The professionals at our Richmond Hill EB-5 regional center can expedite the regional center affiliation process so you can start raising EB-5 capital rather than paying substantial fees and waiting months for USCIS approval of your own regional center. We’ll partner with you to assess your project’s job creation potential and whether it’s a good fit for EB-5 capital. When the affiliation process is complete, you can immediately begin raising EB-5 capital.

When forming your own Richmond Hill EB-5 regional center, EB5AN can draft your I-924 application in just three weeks

Even beginning the I-924 application process to form a new EB-5 regional center can be daunting and time consuming and can take even experienced applicants months to complete. To prepare a solid I-924 application, one must understand the application’s complexities and how it’s adjudicated by USCIS. EB5AN’s team of economists and business professionals has the expertise and the resources to confidently complete your I-924 petition. We’ve secured approval for numerous EB5AN EB-5 regional centers covering more than 20 states and completed several hundred USCIS-compliant business plans and economic impact studies.

Contact our team to find out how we can complete your I-924 application in just three weeks. You’ll hear from us in 24 hours or less.

Are there targeted employment areas in Richmond Hill?

Because targeted employment area (TEA) designation holds numerous benefits for EB-5 projects in Richmond Hill and other cities, it is important to understand both the benefits of and the USCIS process for TEA designation. To determine whether your EB-5 project location falls within a TEA, please consult our free EB-5 TEA map, which includes data for the entire United States. All you need to do is to enter the project address—the rest of the process is automated.

The EB5AN TEA map relies on the most recently published versions of two data sets, namely American Community Survey (ACS) five-year data and Bureau of Labor Statistics (BLS) data. It assesses TEA eligibility based on four calculation methodologies USCIS accepts—three related to calculating unemployment rates and one related to qualification as a rural TEA. Unemployment rates are calculated using (1) American Community Survey (ACS) five-year unemployment data by census tract, (2) the census-share methodology, which is based on a combination of ACS data and county-level BLS data, and (3) BLS county-level data for TEA determination on a county-wide level. To determine rural qualification, population and geographical data are considered. To qualify as a TEA, a project site needs to qualify under only one calculation method.

A TEA can also be created by combining directly adjacent census tracts and considering the weighted average unemployment rate. The EB5AN TEA map performs this function automatically.

If you confirm that your EB-5 regional center is located in a TEA in Richmond Hill, you can also use the EB5AN TEA map to instantly download a free TEA Qualification Report that shows all the data and calculations that support TEA qualification for your project location. Should you have any questions or concerns, don’t hesitate to contact the EB5AN team by phone at 1-800-288-9138 or via e-mail at info@eb5an.com. We promise to respond within 24 hours.

Richmond Hill welcomes new development

Richmond Hill is a culturally rich area of the Queens neighborhood, boasting many places of worship for people of all faiths. The unusual density of religious sites and private religious schools in Sikh, Muslim, Catholic, Eastern Orthodox, Jewish, and Hindu traditions is an indication of the diversity of the neighborhood. The area is sometimes known as “Little Punjab” for its large Punjabi population. Like much of Queens, Richmond Hill is a place where people of similar ethnic subcultures have gathered for common experiences and solidarity, starting businesses, restaurants, and schools to keep their language, traditions, and culture alive.

The EB5AN State of New York EB-5 Regional Center has geographic coverage of all of Southeastern Queens, including the city of Richmond Hill and neighboring areas. Through our USCIS-approved EB-5 regional center, both EB-5 investors and developers can meet their goals.

New York population breakdown and income demographics

With a population of about 85,000, Richmond Hill is a smaller neighborhood in Queens. With 15.1% of the population below the poverty line, and a median household income of about $70,000 per year, Richmond Hill stands to benefits from outside development projects. You can contribute to the community’s economic growth and provide new employment opportunities for its residents by affiliating your project with the EB5AN EB-5 regional center.

We look forward to working with you. Contact us today to find out how to become an EB5AN business affiliate or how to set up a new EB-5 regional center with USCIS approval. Call 1-800-288-9138 or send an e-mail to info@eb5an.com. A member of our team will respond to your inquiry within 24 hours.