EB5 Affiliate Network’s EB-5 Regional Center in Fairfax
The City of Fairfax, including Fairfax Courthouse, Downtown Fairfax, and the whole Commonwealth of Virginia, lies within the geographic scope of the EB5 Affiliate Network (EB5AN) Commonwealth of Virginia EB-5 Regional Center.
You can find out more about affiliating your EB-5 project in Fairfax with our EB5AN regional center by contacting EB5AN today.
Why rent our Virginia regional center for your EB-5 project in Fairfax?
When you affiliate your project with our regional center, you’ll take advantage of…
1. The ability to raise EB-5 capital for a project developed anywhere in Fairfax
Every one of EB5AN’s U.S. Citizenship and Immigration Services (USCIS)–approved regional centers is listed on the USCIS website, including our Virginia regional center. Affiliation with this regional center will allow you to raise EB-5 investment capital for your project anywhere in Virginia, including any area of Fairfax.
2. An incentive for EB-5 investors to contribute funds to your project
Since the EB-5 program requirements specify that the investor must create a minimum of 10 full-time jobs of a 24-month tenure, projects that make fulfilling the requirement easy are more attractive to investors. EB-5 regional center projects are allowed to count both directly and indirectly created jobs toward the requirement. Unaffiliated direct investment projects can count only direct jobs.
3. The assistance of a team of experts to expedite the regional center affiliation process
Becoming an affiliate doesn’t have to be a long process. We’ll work side by side with you to assess your project’s potential to create jobs and support EB-5 capital, and its suitability for sponsorship by our Fairfax regional center.
Once your regional center affiliation is complete, you can begin raising EB-5 capital without delay through our Fairfax EB-5 regional center.
In only three weeks, we will prepare your I-924 application to form a new EB-5 regional center
The form that must be submitted to USCIS to create a new EB-5 regional center, Form I-924, requires detailed documentation from several disciplines, including legal documents, economic reports, and business plans. EB5AN’s extensive experience includes the establishment of a network of regional centers with coverage in more than 20 states and the completion of several hundred business plans and economic impact studies according to USCIS standards. We have the resources and the expertise to prepare your application for USCIS adjudication within just three weeks.
To find out how we can expedite Form I-924 completion, contact our team. Within 24 hours, we’ll answer your questions.
Is your project in a targeted employment area?
Because targeted employment area (TEA) designation holds numerous benefits for EB-5 projects in Fairfax 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 Fairfax, 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.
Fairfax and its economy are blossoming
Fairfax, part of the Washington, D.C., Metropolitan area, was voted number three on Forbes’s Top 25 Places to Live Well list. With an annual median household income of $105,000, this small town of about 25,000 people is one of the richest counties in the nation. While northern Virginia as a whole benefits greatly from government contracting in the private sector, Fairfax joins Falls Church and Loudoun as wealthy areas nourished by government spending and activity. Fairfax has also attracted EB-5 investors by welcoming the EB-5 Regional Center Program as a contributor to economic prosperity in the region.
Virginia population breakdown and income demographics
The USCIS-approved EB5AN Commonwealth of Virginia EB-5 Regional Center with geographic coverage of Fairfax provides the means for immigrant investors to subsidize beneficial development projects in Fairfax while gaining U.S. permanent residency. This regional center covers all of the Commonwealth of Virginia.
Although government hiring keeps unemployment rates in Fairfax low, there are still those in the City of Fairfax who suffer from poverty and unemployment. By affiliating your EB-5 project with the USCIS-approved EB5AN regional center in Virginia, you’ll generate employment opportunities for Fairfax’s people and help promote economic development in your community.
Contact us today at 1-800-288-9138 or info@EB5AN.com for further information about renting an EB5AN regional center or setting up a new USCIS-approved EB-5 regional center.