Launching an EB-5 Regional Center in Worcester, Massachusetts
No matter where in Worcester you want to set up your EB-5 regional center—Main Middle, the Central Business District, or any other neighborhood—the Massachusetts EB5 Affiliate Network (EB5AN) regional center covers that area. This is just one of many advantages to working with EB5AN on your EB-5 regional center project in Worcester.
How can affiliating with the Massachusetts EB5AN regional center help your Worcester EB-5 project?
Working with EB5AN provides substantial benefits to your project:
1. Raise capital right away.
With EB5AN affiliation, your EB-5 project in Worcester can begin the process of raising EB-5 investment funds immediately from anywhere in the Worcester area (the EB5 Affiliate Network has geographic coverage of the entire state). The Massachusetts EB5AN regional center is one of fifteen Immigrant Investor Regional Centers approved by U.S. Citizenship and Immigration Services (USCIS). All can be found on the USCIS website.
2. Improve job creation totals.
EB-5 projects that do not affiliate with our regional centers can only consider direct job creation (employees on a payroll for at least 24 months). This can limit capital fundraising efforts. EB-5 projects affiliated with our regional centers can use both direct and indirect jobs, boosting job creation totals significantly. This helps your project meet the EB-5 investment requirement of ten jobs per EB-5 investor. With higher job creation numbers, project developers can secure more capital.
3. Speed up the application process.
The experts at EB5AN can take you swiftly through the affiliation process, enabling you to start raising EB-5 capital right away. Our team will help you figure out EB-5-eligible jobs created by your project as well as the amount of capital it can support. We’ll also list the criteria for Worcester regional center affiliation that your project meets.
To get more information about EB-5 regional center affiliation, go to this page. Learn more about how affiliating with the EB-5 regional center can elevate your project.
Launch your EB-5 regional center quickly–3 weeks is all EB5AN needs to finish your I-924 application.
The I-924 form needed to form a new EB-5 regional center is notoriously complex. EB5AN has a spotless record for completing applications successfully (we have submitted more than 300 USCIS-approved business plans and economic impact studies). You can count on us to fill in the numerous business, legal, and economic components of the form. We have the knowledge and resources necessary for avoiding common errors and possess a thorough understanding of the USCIS adjudication process. EB5AN regional centers also have full coverage of of more than 20 states.
To get quick USCIS approval of your EB-5 regional center get started with us. We promise to get back to you in 24 hours or less.
On average, applications completed by EB5 Affiliate Network see faster approvals.
Average processing times for EB-5 regional center applications
For faster approval, let EB5AN handle your application. The average processing time for applications completed by EB5AN is up to five months faster than typical USCIS applications.
If Worcester qualifies as a Targeted Employment Area, what are the benefits?
If you want to know if the city of Worcester is considered a Targeted Employment Area (TEA), check our free EB-5 TEA Map. An EB-5 regional center in Worcester that qualifies as a TEA will have a lower required EB-5 investment amount. Discover other advantages on our TEA Designation page. In addition, you can also learn the process by which USCIS evaluates evidence to designate a TEA.
Targeted Employment Area map example (Miami-Dade County)
If you determine your Worcester EB-5 regional center project qualifies as a TEA, you must formally request a TEA certification letter from an EB-5 TEA state agency. Learn how to do this from our How to Get a TEA Letter. page, which provides a list of steps for requesting a TEA letter (an example letter is provided for guidance). Any additional materials needed for a TEA letter approval request can also be found here.
Worcester provides a dynamic economy, plenty of attractions.
There is something for everyone in Worcester, Massachusetts, whether you are a visitor, a college student, or an investor. Popular landmarks such as the EcoTarium and Bancroft Tower attract tourists while prestigious schools such as Worcester State University bring in students from around the nation (even internationally). The “Heart of the Commonwealth” endorses the EB-5 regional center program, so the population of Worcester as well as foreign investors have opportunities to experience strong economic growth
If you’re wondering whether the Massachusetts EB5AN EB-5 regional center covers Wootown and Worcester County, it does. It also covers nearby cities and towns such as Auburn, Southborough, and Bolton. Our EB5AN Massachusetts EB-5 regional center enables qualified foreign investors seeking to become United States residents to invest in an EB-5 regional center that fully covers Worcester and the surrounding county.
Population and income breakdowns for the state of Massachusetts
As the United States’ 178th most densely populated city, Worcester spreads out over 38.6 square miles and contains a population of 184,508. That’s a population density of 4,933 people per square mile. Given these characteristics, affiliating your project with EB5AN would deliver numerous benefits to this community. First and foremost, you would create jobs and reduce unemployment.