Forming or Renting an EB-5 Regional Center in Newark
If you’re a developer in search of an EB-5 regional center with coverage of Newark neighborhoods such as the Central Business District and North Ironbound, you can find what you’re looking for in the EB5 Affiliate Network (EB5AN) State of New Jersey EB-5 regional center.
To learn more about affiliating your EB-5 project in Newark with the EB5AN regional center, which has been approved by United States Citizenship and Immigration Services (USCIS), contact EB5AN today.
How is EB5AN regional center rental beneficial for your Newark EB-5 project?
When your project is sponsored by our New Jersey EB-5 regional center, you’ll be able to…
1. Connect with EB-5 investment funds immediately.
Regardless of what area of Newark your EB-5 project is in, you’ll be able to raise EB-5 capital as soon as you’re affiliated because our EB5AN State of New Jersey EB-5 regional center covers the entire state. All areas of Newark are within our coverage. Like all EB5AN regional centers, the New Jersey EB-5 regional center is USCIS approved.
2. Count more created jobs to attract more EB-5 investors.
Each EB-5 investor is required to make an investment that creates 10 new full-time jobs. Investors are attracted to projects that create enough jobs to help them easily fulfill this requirement, so they usually pursue regional center projects. These projects can include indirectly created jobs in their job creation numbers for a higher total number of jobs created. By affiliating with our Newark EB-5 regional center, you can make your project more accessible to EB-5 investors, thereby making EB-5 capital more accessible for your project.
3. Get started on fundraising for your project sooner.
You can bypass the project delays associated with forming your own EB-5 regional center by affiliating with our existing EB-5 regional center in Newark. Our seasoned EB5AN team will collaborate with you to assess your project’s potential to create jobs and support EB-5 capital as well as its compatibility with our New Jersey regional center. We’ll complete the affiliation process rapidly so you can begin fundraising without delay.
With EB5 Affiliate Network, your I-924 petition to form a new EB-5 regional center can be ready to submit in just three weeks.
Having completed hundreds of USCIS-compliant business plans and economic impact studies and obtained USCIS approval for our own regional centers covering more than 20 states, EB5AN has both the resources and the experience to prepare your I-924 application for regional center designation. Our team understands the intricacies of the I-924, including its legal, business, and economic elements and its adjudication by USCIS. With our expertise, your I-924 petition can be ready to submit in weeks, not months.
Is your project’s location in Newark designated as a targeted employment area?
Because targeted employment area (TEA) designation holds numerous benefits for EB-5 projects in Newark 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 Newark, 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.
The city of Newark and its economy are growing.
Attractions such as the New Jersey Performing Arts Center and Branch Brook Park delight tourists, and Rutgers University–Newark, the most diverse national university in the U.S., educates students from across the country and the globe. The city of Newark has also supported the EB-5 Regional Center Program to promote US economic growth and opportunities for immigrant investors.
Foreign investors pursuing U.S. permanent residency can invest in Newark EB-5 projects through our EB5AN State of New Jersey EB-5 regional center. This USCIS-approved EB-5 regional center provides coverage of all of Essex County, including Newark neighbors such as Bloomfield, West Orange, and Montclair.
New Jersey population breakdown and income demographics
Newark is the largest city in New Jersey, with more than 281,000 people, and the second largest city in the New York City metropolitan area. It’s a major transportation hub, situated just eight miles west of lower Manhattan in the Port of New York and New Jersey.
By affiliating your EB-5 project with our USCIS-approved EB-5 regional center in Newark, you’ll be able to create an economic impact in your community that includes new job opportunities for its large population as well as a lower unemployment rate.
Contact our team today for more details about how to affiliate your Newark EB-5 project with an EB5 Affiliate Network EB-5 regional center or to set up a USCIS-approved Newark EB-5 regional center. You can reach us at 1-800-288-9138, or send an e-mail to email@example.com.