EB5 Affiliate Network’s EB-5 Regional Center in Astoria
Where in New York can you find superior shopping, delicious dining, and surprisingly affordable housing? If you guessed Astoria, you’re correct.
Boasting a large population of Greek, Italian, Irish, and Egyptian residents, this culturally diverse neighborhood is fast becoming a favorite destination for young New Yorkers looking to make their mark. And with the EB5 Affiliate Network (EB5AN) New York regional center covering Astoria and the surrounding towns, it’s a great choice for immigrant investors, as well.
Whether you want help starting a new regional center or are interested in affiliating with EB5AN, contact us today to learn more.
Partner with EB5AN’s New York regional center today
Discover the benefits of partnering with our New York EB-5 regional center instead of starting one of your own:
1. Find the capital you need for your business when you partner with EB5AN.
With numerous USCIS-approved regional centers throughout the country, EB5AN is a top choice for EB-5 investors and developers looking for a helping hand. Moreover, our New York EB-5 regional center covers projects throughout all of New York, including Astoria, so you can immediately begin raising EB-5 capital upon affiliating with us.
2. Make sure all jobs, including indirect ones, count toward your EB-5 job creation total.
Because only direct employees count toward the EB-5 jobs requirement when not partnering with a regional center, investors on their own are at a disadvantage. When you partner with a regional center, you can feel confident knowing both direct and indirect jobs will count toward your required job creation total. The end result is that meeting the jobs requirement is easier and more EB-5 capital can be raised from more investors for your project.
3. Get your business venture off the ground faster with EB5AN in your corner.
At EB5AN, we work hand in hand with immigrant investors and EB-5 developers every step of the way. Whether you need help raising funds, assessing job creation estimates, or determining whether you can affiliate with a regional center, our team can help walk you through each step.
Want to launch your own EB-5 regional center in Astoria? Trust EB5AN to complete your I-924 application in three weeks.
If you’re familiar with the I-924 Application for Regional Center Designation process, you know it can seem extremely complex. That’s where EB5AN comes into play. Employing a community of legal, economic, and business specialists, we have, through the EB5AN regional center network that covers 20 states, completed over 300 USCIS-compliant business plans and economic impact studies. We can support you every step of the way to ensure your I-924 application is swiftly ready for submission.
Find out if Astoria is a targeted employment area (TEA)
Because targeted employment area (TEA) designation holds numerous benefits for EB-5 projects in Astoria, 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 Astoria, 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 firstname.lastname@example.org. We promise to respond within 24 hours.
Astoria offers diversity, location, and relative affordability
Young people are drawn to Astoria, thanks in part to the lower housing prices and wide array of attractions. A 60-acre paradise in the heart of Astoria, Astoria Park is one of the highlights of this community. Not only does this outdoor gem offer views of the East River, but it’s also home to the oldest swimming pool in all of New York.
Additionally, Astoria is covered by EB5AN’s State of New York EB-5 Regional Center. This means that aspiring immigrant investors can feel confident launching business ventures in this growing community. Partner with our existing regional center or learn how to launch your own and make your dreams come true.
New York population breakdown and income demographics
Astoria is fast becoming a popular destination for young New Yorkers looking for affordable homes within the city limits. Boasting a population of more than 96,000, Astoria is just a 10-minute train ride from many of Manhattan’s top attractions. Plus, this middle-class neighborhood is known for being a commercial center. In addition to featuring top restaurants and exciting shopping opportunities, Astoria is home to medical centers, financial companies, small businesses, and more.
As more young people and families flock to Astoria, EB-5 investors are targeting the community in greater numbers. One of the benefits of partnering with EB5AN is that you can help employ members of this growing neighborhood while investors work toward gaining permanent residency.
If you’re ready to launch your new business venture in Astoria, contact us to learn more about what we can do for you. Whether you’re looking to start a new EB-5 regional center or partner with ours, you can rely on us to support you throughout the process. For more information, e-mail us at email@example.com or call 1-800-288-9138 for a response within 24 hours.