Formerly known as Newtown, Elmhurst is a Queens neighborhood bordered by Roosevelt Avenue and the Long Island Expressway. It’s part of Queens Community Board 4 and an excellent choice for an EB-5 regional center in New York. Thanks to the EB5 Affiliate Network (EB5AN) State of New York Regional Center, it’s now easier and faster to open a center of your own or affiliate with EB5AN for benefits and support.

Find out how EB5AN affiliation will benefit your project, or discover more about opening your own center in the heart of Queens.

Should you affiliate with EB5AN’s State of New York Regional Center? Here are a few benefits.

1. You’ll be able to garner more investment capital.

EB5AN has numerous USCIS-designated EB-5 regional centers in the United States, and Elmhurst is covered by that network. If you affiliate with the EB5AN center located in Elmhurst, you’ll enjoy a wide range of benefits not available to unaffiliated projects. This includes the potential to raise more EB-5 investment capital as investors seek out the most reputable projects. Plus, affiliation with an EB5AN regional center means there’s coverage in every borough and city throughout the state.

2. Make full use of the parameters for the 10-job requirement.

Under the federal EB-5 program, there’s a requirement to create 10 jobs per investor, and they must be direct jobs—unless you’re affiliated with a regional center. Affiliation with a regional center means that both direct and indirect jobs qualify for the 10-job requirement. This, coupled with the strong reputation of EB5AN and its history of successful application completions, attracts investors and makes it much easier and faster to complete requirements and paperwork.

3. Enjoy peace of mind knowing that support is always available.

EB5AN’s team of experts is always hard at work for you, and they will respond to queries within 24 hours. Without affiliation with an EB5AN regional center, you’ll miss out on a number of perks such as undergoing a proposal overview to help avoid unnecessary mistakes. You’ll also have access to data that shows how many jobs your project will create and the amount of capital you can raise.

Contact us today to find out more about benefits for your project and goals. When you affiliate with the EB5AN regional center in Elmhurst, you can ensure a smoother process.

EB5AN completes the I-924 application in only three weeks

The I-924 application is known for being exceptionally complicated. If you want to establish your own EB-5 regional center, ask EB5AN for help. We have submitted more than 300 business plans and economic impact studies for projects in more than 20 states through the EB5AN regional center network.

Not only will you have experts helping you every step of the way and following up, you will have any questions answered within 24 hours.

Are you considering a targeted employment area?

Because targeted employment area (TEA) designation holds numerous benefits for EB-5 projects in Elmhurst, 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 Elmhurst, 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.

Elmhurst is attracting attention

Elmhurst, first established in 1652 by a group of Dutch immigrants, was considered a suburb of New Amsterdam. Currently, it has a population of around 90,000. Its neighborhoods are diverse and thriving, with a large Native American population and a bustling Chinatown. It’s the second biggest Chinatown in Queens, and it has flourished from a series of small shops on Broadway to a hub of culture and celebrations.

The neighborhood is also known for the Queens Center and Queens Place malls. It’s a favorite destination for shopping and tourism, and with a slow but steady population increase it’s starting to catch the eye of investors. There are also incredible outdoor opportunities and several family-friendly parks, including Elmhurst Park.

New York population breakdown and income demographics

Although the historic Queens Library of Elmhurst was demolished in 2012, the city completed a new, larger, more modern library in 2016. With a budget of $27.8 million, it’s clear that the 32,000-square-foot library will soon be a landmark.

It also offers great options for your project, and you can contact us to find out more about how affiliation with EB5AN’s New York EB-5 regional center can help you. Interested in opening your own center? We’re happy to provide guidance.

Call us at 1-800-288-9138 or e-mail info@eb5an.com.