Immediate Ability to Raise EB-5 Capital in Pennsylvania

Business affiliates of EB5AN, including our Pennsylvania EB-5 regional center, can immediately begin raising EB-5 investment funds in any of the designated geographic areas that comprise our USCIS-approved regional centers.

Indirect Job Creation Calculations

Business affiliates of our regional centers can calculate job creation through both direct and indirect job methodologies. This leads to higher job creation figures than direct non-regional center calculations of actual payroll employees.

Regional Center Affiliation Process

The regional center affiliation process can be a fast solution and a great fit for those looking to begin a project immediately. The benefits of affiliating with a regional center make this an excellent choice for many project developers.

Our experienced team will work with you to understand whether EB-5 funding is a good fit for your project and whether you qualify to affiliate with our regional centers.

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Let Us Help You to Create Your Own Pennsylvania EB-5 Regional Center

Our Team Will Complete Your I-924 Application for a Pennsylvania EB-5 Regional Center in Three Weeks

EB5AN has obtained full state regional center coverage in multiple states and has completed more than 100 USCIS-compliant business plans and economic impact studies. The I-924 application process is complicated and requires legal expertise, economic analysis, business plan creation, and an understanding of how USCIS adjudicates applications.

EB5AN has the internal resources to assemble all required aspects of an I-924 application. Additionally, we have extensive experience with I-924 applications and understand all the key components and common pitfalls.

There are various approaches to take when filing an I-924 form; please contact us to learn more about the process and how we can work together to get your regional center approved quickly by USCIS.

Targeted Employment Area (TEA) Qualification Report in Pennsylvania for EB-5 Pennsylvania Regional Center Projects

Please visit our EB-5 TEA Map to determine whether your Pennsylvania EB-5 regional center project’s location qualifies as a rural or high unemployment targeted employment area (TEA).

Free Targeted Employment Area Map for all 50 States

Click image to view the TEA map and instantly download a free TEA qualification report.

 

 
Because TEA designation is crucial to the success of many EB-5 projects, it is important to understand how USCIS reviews TEA designation requests. Once you determine whether your Pennsylvania EB-5 regional center project is located in a TEA, you can prepare a TEA report yourself. The free downloadable report available through the EB5AN TEA map is also suitable for submission to USCIS.

If you still need assistance with preparing your EB-5 TEA report for your EB-5 regional center project in Pennsylvania, please contact the EB5AN team directly by phone at 1-800-288-9138 or via e-mail at info@eb5an.com, or simply order an EB-5 TEA Qualification Report.

About the Commonwealth of Pennsylvania and the Economic Climate of our EB-5 Pennsylvania Regional Center

The EB5AN Pennsylvania EB-5 regional center was created to provide an investment vehicle for qualified foreign investors seeking to obtain permanent resident status in the United States through an investment in a USCIS-approved EB-5 regional center with geographic coverage of all 67 counties in the Commonwealth of Pennsylvania.

Historically, several elected Pennsylvania public officials, including senators and congressional representatives, have endorsed the EB-5 regional center program as a great opportunity for the U.S. economy and for foreign investors who want to immigrate to the United States and invest in a USCIS-approved Pennsylvania EB-5 regional center such as the EB5AN Pennsylvania Regional Center.

Pennsylvania: Population and Income Demographics

According to the 2010 U.S. Census, Pennsylvania has a population of approximately 10.3 million people over the age of 16. Of this, there are approximately 6.5 million people in the labor force, with 5.9 million who are employed and 581,000 who are unemployed. These population numbers represent approximately 5 million households.

Pennsylvania: Unemployment Trends

Unemployment statistics for 2015 show average unemployment in Pennsylvania at 5.2%. Monthly unemployment rates were 4.6% for October 2015, 4.4% for November 2015, and 4.1% for December 2015.

Pennsylvania covers an area of 46,055 square miles, with a width of 280 miles and a length of 160 miles. This implies a population density of 285.5 people per square mile, which makes Pennsylvania the ninth-most densely populated state in the United States.

The capital of Pennsylvania is Harrisburg, the largest city is Philadelphia, and the largest metro area is the Delaware Valley. The gross domestic product (GDP) of Pennsylvania in 2010 was $570 billion. This implies a compound annual growth rate from 2000 to 2010 of 3.71% and a per capita GDP of $39,830. Pennsylvania has the sixth-largest economy in the United States by GDP.

If Pennsylvania were an independent country, its economy would rank as the 18th-largest in the world. On a per capita basis, Pennsylvania’s per capita GSP of $47,274 (in chained 2009 dollars) ranks 26th among the 50 states.

Pittsburgh is home to eight Fortune 500 companies, including U.S. Steel, PPG Industries, and H.J. Heinz. In all, Pennsylvania is home to fifty Fortune 500 companies. Erie is also home to GE Transportation Systems, which is the largest producer of train locomotives in the United States.

As in the U.S. as a whole and in most states, the largest private employer in the Commonwealth is Wal-Mart, followed by the University of Pennsylvania. Pennsylvania is also home to the oldest investor-owned utility company in the U.S., the York Water Company.

Pennsylvania State Government & EB-5 Investment Financial and Employment Statistics

Pennsylvania: Real GDP (2011–2014)

From 2011 to 2014, Pennsylvania’s GDP grew by 3.4%, with an average annual GDP growth of 1.3%. In 2014, Pennsylvania’s real GDP was $0.61 trillion, ranked sixth in the U.S. The 2013–2014 financial year saw the largest percent change in GDP at 1.8%, signaling a strong and growing economy.

Pennsylvania: Total Personal Consumption Expenditure (2012–2014)

Personal consumption expenditure is the primary measure of consumer spending on goods and services and is a primary engine driving economic growth. Pennsylvania’s personal consumption expenditure grew from $0.47 trillion in 2012 to $0.49 trillion in 2014. From 2013 to 2014, total personal consumption expenditure grew by 2.1%.

Pennsylvania: State Government Finances (2013)

In 2013, the government of Pennsylvania collected $87.9 billion and spent $87.5 billion, resulting in a net difference of $0.4 billion. Revenue is sourced from federal and local taxes, sales tax, and individual and corporate taxes. Expenditures include education, welfare, highways, police, and other social services.

Pennsylvania: Total Economic Impact of EB-5 Investments (2013)

In Pennsylvania, EB-5 investment has supported the direct creation of 205 jobs. These jobs were the result of roughly $22 million in direct investment from EB-5 projects, contributing $36.2 million to the state’s GDP. EB-5 investment in Pennsylvania also contributed $3.73 million to federal revenue and $1.3 million to Pennsylvania state government and local municipal revenue.

Pennsylvania: New Privately Owned Housing Units Authorized by Building Permits in Permit-Issuing Places

Since 2009, Pennsylvania has seen increased growth of privately owned housing units, both in new buildings and housing units. In 2014, roughly 3,600 privately owned units were authorized by building permits. Most of these units are in Pennsylvania’s largest cities, which include Philadelphia, Pittsburgh, Allentown, Erie, and Reading.