EB5 Affiliate Network’s EB-5 Regional Center in Herndon
Herndon boasts a winning combination of small-town charm and pro-business attitude. Located just 22 miles from Washington, D.C., Herndon is an easy drive or Uber ride from attractions like the White House, the Capitol Building, and the National Mall. If you want to stay a little closer to home, consider a visit to Herndon’s award-winning community center. On top of that, 11 parks and an extensive network of hiking trails make Herndon the perfect spot for nature lovers.
Because Herndon appeals to residents and visitors alike, the city is a logical choice for developers and foreign investors looking to start an EB-5 venture. Luckily, the EB5 Affiliate Network (EB5AN) regional center covers all of Virginia, including Herndon. Learn more about the benefits of partnering with a regional center and then contact us to find out how to get started.
Partnering with a Virginia EB5AN regional center offers numerous benefits
From assessing job creation prospects to filling out I-924 forms and other paperwork, the team at EB5AN will be by your side every step of the way. Read on to discover the benefits of affiliation with an EB-5 regional center.
1. Secure EB-5 investment capital faster
When you choose to partner with EB5AN’s Herndon regional center, you can immediately start raising EB5 investment capital for your Herndon EB-5 project. All EB5AN regional centers have been approved by United States Citizenship and Immigration Services (USCIS) and are listed on the USCIS website.
2. Make sure that creation of both direct and indirect jobs counts toward the EB-5 job creation requirement
Each EB-5 investor is responsible for creating 10 jobs as a result of their investment. One of the best reasons to affiliate with a regional center is that it enables you to count both direct and indirect jobs toward the overall project job creation total. Because of the improvement in job creation numbers, it may be possible to bring on additional investors and raise more EB-5 investment capital.
3. Get support from EB5AN’s experienced team
The process of launching an EB-5 project with a regional center can be complicated. At EB5AN, we offer a talented team with the business, economic, and legal expertise to support you every step of the way. We’ll help you determine whether your project meets the criteria for regional center affiliation and assist you in getting your business up and running.
We can help you submit your application for your own Herndon EB-5 regional center in just three weeks
It’s no secret that filling out an I-924 application for a new regional center can be stressful. At EB5AN, we’re proud to say our network of regional centers covers more than 20 states. Additionally, we’ve taken part in more than 300 business plans and economic impact studies, so we have the knowledge and experience to help you on your journey. Contact us today for help submitting your I-924 paperwork.
Targeted employment areas offer advantages for EB-5 investors.
Because targeted employment area (TEA) designation holds numerous benefits for EB-5 projects in Herndon 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 Herndon, 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.
Herndon offers a business-friendly setting for EB-5 investors
EB-5 investors are currently flocking to Herndon, and with good reason. This Virginia community prides itself on supporting businesses both large and small. In fact, the town hosts a number of events designed to help businesses thrive, including the Mayor’s New Business Breakfast and Small Business Week. And with Washington, D.C., just a short drive away, new business owners can expect to see a steady stream of tourists visiting their facilities.
Virginia population breakdown and income demographics
Located in Fairfax County, Herndon’s population in 2016 reached 24,393. This growing community boasts a median household income of $100,399 a year, compared to $53,482 for the United States as a whole. That means residents usually have sufficient funds to spend at new businesses. Currently, job growth in Herndon is slightly lower than the national average, so launching an EB-5 project here could have a positive effect on overall employment numbers. In general, EB-5 investors should have little trouble finding qualified workers in this part of the country.
Whether your goal is to open a restaurant, a retail business, or a tech startup, consider making Herndon, Virginia, the site of your EB-5 venture. With the Virginia EB5AN regional center covering the entire town, investors have endless opportunities at their disposal. If you’re an investor, contact us to get started with an investment in an EB-5 project through a USCIS-approved regional center and take the first step on the road to U.S. permanent residency.
If you’ve been waiting to start your EB-5 project, give us a call. Whether your goal is to affiliate with a USCIS-approved EB5AN regional center or launch one of your own, we have the knowledge and resources to help. To learn more about what we do, call (800) 288-9138 or send us an email at email@example.com. We look forward to hearing from you.