EB5 Affiliate Network’s EB-5 Regional Center in Yonkers
Project developers in Yonkers can affiliate their EB-5 projects with the EB5 Affiliate Network (EB5AN) regional center in New York. This EB-5 regional center’s area of geographic coverage spans every neighborhood in the city of Yonkers.
Contact EB5AN now to find out how becoming a business affiliate of the EB5AN State of New York Regional Center can facilitate your Yonkers EB-5 project.
What can your EB-5 project gain by renting our EB5AN regional center in Yonkers?
By affiliating your EB-5 project with our EB-5 regional center, you can…
1. Raise EB-5 investment capital for your project right away.
Since the EB5AN New York EB-5 regional center has coverage of the entire state of New York, every area of Yonkers is also included in its coverage. This means our affiliates have access to EB-5 funding no matter where in Yonkers their projects are located. U.S. Citizenship and Immigration Services (USCIS) has approved all of EB5AN’s regional centers. Our New York EB-5 regional center is listed on the USCIS website.
2. Count not only direct employment but also indirectly created jobs for higher job creation figures.
The centerpiece of the EB-5 program is its requirement that each investor’s contribution results in the creation of 10 new full-time jobs. While direct investment projects are limited to counting only directly created positions that last for 24 months or more, job creation figures for regional center projects are based on a broader view of their economic impact that leads to higher job creation numbers. The greater ease of meeting EB-5 program requirements offered by regional center projects makes them more attractive to EB-5 investors, which makes EB-5 capital more accessible for those projects.
3. Save money and get started on your Yonkers EB-5 project sooner.
The professionals at our Yonkers EB-5 regional center can expedite the regional center affiliation process so you can start raising capital rather than paying substantial fees and waiting months for USCIS approval. We’ll partner with you to assess your project’s job creation potential and whether it’s a good fit for EB-5 capital generally and our Yonkers regional center specifically. When the affiliation process is complete, you can immediately begin raising EB-5 capital.
If you’re seeking to form your own Yonkers EB-5 regional center, EB5AN can prepare your I-924 petition in just three weeks
To prepare an I-924 application for a new regional center worthy of USCIS approval, it’s necessary to understand the application’s complexities and how it’s adjudicated by USCIS. EB5AN’s team of economists and business professionals has the expertise and the resources to confidently complete your I-924 petition. We’ve secured approval for EB-5 regional centers covering more than 20 states and completed several hundred USCIS-compliant business plans and economic impact studies.
Contact our team to find out how we can help you obtain USCIS approval for your new EB-5 regional center in Yonkers. You’ll hear from us in 24 hours or less.
Where are the targeted employment areas in Yonkers?
Because targeted employment area (TEA) designation holds numerous benefits for EB-5 projects in Yonkers 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 Yonkers, 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.
Yonkers is an open invitation for new economic opportunities
This classic New York neighborhood, also known as the City of Seven Hills, is one of the most diverse areas of the United States. With a rich Hispanic and African-American heritage, as well as Irish and Italian-American residents, Yonkers is no exception to the New York legacy of being a place for peoples of different nationalities and origins to gather and create new multicultural environments. This has manifested in a rich array of locales for the arts, music, and cuisine.
Investors have also found Yonkers to be an attractive destination since the city approves of the EB-5 Regional Center Program, which offers benefits for both the U.S. economy and the foreign investor in pursuit of U.S. permanent residency.
The EB5AN State of New York Regional Center has geographic coverage of Westchester County, including the city of Yonkers and neighboring inner suburbs such as northern Manhattan and the Bronx. Through our USCIS-approved EB-5 regional center, both EB-5 investors and developers can meet their goals.
New York population breakdown and income demographics
With a population of over 200,000, Yonkers is one of largest suburbs in the state of New York. With 15.5% of the population below the poverty line, and a median family income of about $53,000, Yonkers stands to benefits from outside development projects.
The large population of Yonkers makes it a great candidate for development through the EB-5 program. You can contribute to the community’s economic growth and provide new employment opportunities for its residents by affiliating your project with the EB5AN EB-5 regional center.
We look forward to working with you. Contact us today to find out how to become an EB5AN business affiliate or how to set up a new EB-5 regional center with USCIS approval. Call 1-800-288-9138 or send an e-mail to info@EB5AN.com. A member of our team will respond to your inquiry within 24 hours.