EB-5 Regional Center Cover in Worcester, Massachusetts
No matter where in Worcester you want to set up your EB-5 project—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, as the EB5AN regional center has geographic coverage of the entire state. The Massachusetts EB5AN regional center is approved by U.S. Citizenship and Immigration Services (USCIS) and listed on the USCIS website.
2. Improve job creation totals.
EB-5 projects that do not affiliate with a regional center can consider only direct job creation, that is, employees on the payroll for at least 24 months. This can limit capital fundraising efforts. EB-5 projects affiliated with a regional center can use both direct and indirect jobs, boosting job creation totals significantly. This helps your project meet the EB5 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.
Launch your EB-5 regional center quickly–three 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, and 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 more than 20 states.
To improve the chances of USCIS approval of your EB-5 regional center, contact EB5AN. We promise to get back to you in 24 hours or less.
Does your Worcester EB-5 project location qualify as a targeted employment area?
Because targeted employment area (TEA) designation holds numerous benefits for EB-5 projects, 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 Worcester, 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.
Worcester provides a dynamic economy and 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 and even internationally. The “Heart of the Commonwealth” endorses the EB-5 regional center program, so the population of Worcester and 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.
Massachusetts population breakdown and income demographics
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. Most importantly, you would create jobs and reduce unemployment.