EB-5 Regional Center in Hoffman Estates, Illinois
Encompassing the broader Hoffman Estates area, including Schaumburg, Elgin, Inverness, and other townships in Cook and Kane County, the EB5 Affiliate Network (EB5AN) regional center in Illinois covers developers who seek funding for EB-5 projects here, and in a broader area.
You can affiliate your Hoffman Estates project with an EB5AN Immigrant Investor Regional Center. Let us know you’re interested, and we’ll contact you within 24 hours.
Benefits of renting an EB5AN regional center
Renting our Illinois EB-5 regional center supports your project in three main areas.
1. You can establish an EB-5 project anywhere in the area.
The EB5AN regional center covers the entire state of Illinois. This allows our affiliates to develop EB-5 projects in any area of Hoffman Estates, including its suburbs. EB5AN operates numerous regional centers approved by U.S. Citizenship and Immigration Services (USCIS) and listed on the USCIS website.
2. Your EB5 project may meet program requirements more easily through affiliation.
When calculating a number for job creation requirement totals, unaffiliated projects may count only direct employment positions lasting more than two years. Regional center projects, which allow investors to count indirect jobs, result in higher job creation numbers, so they tend to be much more attractive to investors. This allows developers to easily gather more EB-5 capital for their projects.
3. You can focus on raising EB-5 capital and leave the logistics to EB5AN.
USCIS compliance is a simple process when you rely on EB5AN’s expertise. We can expedite the EB-5 regional center affiliation process, including calculating your project’s potential to support EB-5 capital and create jobs as well as its suitability for affiliation with our Hoffman Estates regional center. Once that’s done, you can raise the EB-5 capital you need.
Have a professional I-924 application drafted in three weeks
Completing an approval-worthy I-924 application to establish a new regional center requires a professional team and can take months. A litany of legal and financial details need to be taken into account.
The team at EB5AN has a history of success. Our team has conducted more than 300 business plans and economic impact studies to the satisfaction of USCIS standards. Our experience stems from our own network of EB-5 regional centers, which cover more than 20 states. We’re familiar with the application’s intricacies, as well as its lengthy adjudication process. With our extensive experience and resources, we are equipped to compile the requisite documentation you need to get your project on the way.
If you would like to learn more about faster USCIS approval, contact EB5AN, and we’ll answer your questions within 24 hours.
Are there targeted employment areas in Hoffman Estates?
Because targeted employment area (TEA) designation holds numerous benefits for EB-5 projects in Hoffman Estates, 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 Hoffman Estates, 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.
Hoffman Estates has an eye on the future
Referring to itself as a “village,” Hoffman Estates is a quiet town with a smattering of historic locations. It was a refuge from the metropolitan atmosphere of Chicago for many corporations, and during the 1990s the Prairie Stone Business Park, which is still under construction, became the new Sears headquarters. The ongoing construction of the Business Park invites many opportunities for economic development; future plans for the park include more restaurants, hotels, railway transportation options, and other amenities necessary for a business hub.
Sears Holding Corporation, AT&T, GE Capital, and St. Alexius, the community hospital, are the largest employers in the area. Many Japanese corporations, including Mori Seiki, keep their headquarters in Hoffman Estates or Schaumburg. With a 22.7% Asian-American population, the Xilin Northwest Chinese school provides K12 services at Conant High School.
Illinois population breakdown and income demographics
With a median per capita income of $54,000 per year, and 5.5% of the population under the poverty line, Hoffman Estates’ population of just over 50,000 can benefit from more employment opportunities resulting from completed EB-5 regional center projects in the community. By becoming an EB5AN business affiliate, you will be fostering fresh economic activity by bringing new development and jobs to the people of Hoffman Estates.
The EB5AN State of Illinois EB-5 Regional Center has geographic coverage of the whole of Cook County. Immigrant investors can meet the qualifications for the EB-5 program and clear a path to U.S. permanent residency when they invest through our USCIS-approved Hoffman Estates regional center.
For help with EB5AN regional center affiliation or new USCIS-approved regional center formation, contact us now. Call 1-800-288-9138 or e-mail email@example.com, and we’ll be in touch within 24 hours.