A suburb of Chicago, Schaumburg is a community famed for its massive Woodfield Mall, which has hundreds of restaurants, shops, and opportunities for investors. If you’re looking for the perfect place for an EB-5 project in Illinois, consider Schaumburg. Schaumburg boasts incredible tourist attractions such as the Ned Brown Preserve for outdoor lovers and the Legoland Discovery Center, attracting all types of travelers.

When you affiliate with the EB5 Affiliate Network (EB5AN) State of Illinois Regional Center, you’ll reap many benefits, some of which are outlined below. Contact EB5AN to learn more about regional center affiliation or opening your own regional center with the help of EB5AN.

What can you gain with EB5AN’s State of Illinois Regional Center affiliation?

1. Secure more capital investment.

The benefits of joining EB5AN are impressive, but one of the most desired is the ability to attract more EB-5 capital investment. Since EB5AN knows the best locations and has contacts around Schaumburg, potential investors have a reason to be interested. Keep in mind that EB5AN’s regional center encompass every Illinois town, making it easy to start you’re an EB-5 project anywhere from one end of the state to the other.

2. Get a jump on the job creation requirement.

The minimum 10-job creation per investor rule applies to all EB-5 projects, but there are key differences when you affiliate with EB5AN’s Schaumburg regional center. Through affiliation, you can count both indirect and direct job creation toward this federal requirement. Filling the 10-job requirement with only direct jobs can be challenging. Let affiliation ease that burden.

3. Have a team of experts working for you.

There is no reason to go down this path alone. With EB5AN’s Schaumburg regional center at your service, you instantly have an entire team of experts to help you with every step. The team will review your proposed project to help you avoid common pitfalls. You’ll also find out exactly how many jobs your project has the potential to create and how much capital you can raise.

The benefits affiliating with EB5AN’s Schaumburg regional center offers are vast and worth exploring. To find out more, contact us to discuss your goals. If you affiliate with EB5AN in Schaumburg, you’ll gain leverage and processes will be faster and easier.

Take advantage of EB5AN’s expertise to complete your I-924 application

Completing the I-924 application is notoriously tricky. EB5AN has already completed 300 business plans and economic impact studies for projects associated with EB5AN regional centers in more than 20 states. This strong record has helped us streamline the completion of Form I-924.

As you go through the I-924 process, we are always available for questions or queries. You are promised a response within 24 hours.

Is your project sited in a targeted employment area?

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

Schaumburg is trending

Schaumburg is located close to Cook and DuPage counties. A “village,” it’s encompassed by the Golden Corridor and just 28 miles from the Northwest Chicago Loop. You’ll find O’Hare International Airport just 10 minutes away.

Illinois population breakdown and income demographics

The village has a population of around 75,000 and has been ranked the Best Place to Live in Illinois by Money magazine. Residents and tourists enjoy access to one of just two IKEA stores in the state and the 11th-biggest mall in the country, Woodfield Mall. With over 300 stores, it’s piqued the interest of travelers and investors alike.

Over time, Schaumburg has grown from a rural community to a bona fide suburban metropolis. The first big leap came from Alfred Campanelli’s suburban development in 1959, and its progress was sealed by the opening of Woodfield Mall in 1971. The village is near Hoffman Estates, Rolling Meadows, and other desirable neighborhoods.

The landscape of Schaumburg has changed over the years, and in 1980 the village expanded to encompass 18.3 square miles. Small manufacturing businesses and corporate office buildings began to become a staple of the village.

Take advantage of Schaumburg’s prime location and rent our EB5AN Schaumburg regional center. You can also open your own regional center—contact us for more details.

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