Benefits of Affiliation with our Illinois EB-5 Regional Center
Immediate Ability to Raise EB-5 Capital in Illinois
Business affiliates of EB5AN, including our Illinois 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.
Let Us Help You to Create Your Own Illinois EB-5 Regional Center
Our Team Will Complete Your I-924 Application for an Illinois 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 Illinois for EB-5 Illinois Regional Center Projects
Please visit our EB-5 TEA Map to determine whether your Illinois EB-5 regional center project’s location qualifies as a rural or high unemployment targeted employment area (TEA).
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 Illinois 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 Illinois, please contact the EB5AN team directly by phone at 1-800-288-9138 or via e-mail at firstname.lastname@example.org, or simply order an EB-5 TEA Qualification Report.
About the State of Illinois and the Economic Climate of our EB-5 Illinois Regional Center
Our Illinois 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 102 counties in the State of Illinois.
Historically, several elected Illinois 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 Illinois EB-5 regional center such as the EB5AN Illinois Regional Center.
Illinois: Population and Income Demographics
According to the 2010 U.S. Census, Illinois has a population of approximately 10 million people over the age of 16. Of this, there are approximately 6.7 million people in the labor force, with 6 million who are employed and 700,000 who are unemployed. These population numbers represent approximately 4.8 million households.
Illinois: Unemployment Trends
Unemployment statistics for 2015 show average unemployment in Illinois at 5.9%. Monthly unemployment rates were 5.3% for October 2015, 5.8% for November 2015, and 5.9% for December 2015.
Illinois covers an area of 57,914 square miles, with a width of 210 miles and a length of 395 miles. This implies a population density of 232 people per square mile, which makes Illinois the 12th-most densely populated state in the United States.
The capital of Illinois is Springfield, the largest city is Chicago, and the largest metro area is the Chicago metropolitan area. In 2010, the state’s gross domestic product (GDP) was $652 billion. This implies a compound annual growth rate from 2000 to 2010 of 3.22% and a per capita GDP of $45,302. Illinois has the fifth-largest economy in the United States by GDP.
The economy of Illinois includes many industries. The Chicago metropolitan area is home to many of the nation’s largest companies, including Boeing, McDonald’s, Motorola, and United Airlines. The Chicago area economy headquarters a wide variety of financial institutions and is home to the largest futures exchange in the world, the Chicago Mercantile Exchange.
Illinois State Government & EB-5 Investment Financial and Employment Statistics
Illinois: Real GDP (2011–2014)
From 2011 to 2014, the GDP of Illinois grew by 3%, with an average annual GDP growth of 1.3%. In 2014, real GDP was $0.68 trillion, ranked fifth in the U.S. The 2011–2012 financial year saw the largest percent change in GDP at 1.8%, signaling a strong and growing economy.
Illinois: 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. Personal consumption expenditure in Illinois grew from $0.47 trillion in 2012 to $0.5 trillion in 2014. From 2013 to 2014, total personal consumption expenditure grew by 4.2%.
Illinois: State Government Finances (2013)
In 2013, the government of Illinois collected $84.49 billion and spent $75.32 billion, resulting in a net difference of $9.17 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.
Illinois: Total Economic Impact of EB-5 Investments (2013)
In Illinois, EB-5 investment has supported the direct creation of 73 jobs. These jobs were the result of roughly $6 million in direct investment from EB-5 projects, contributing $6.5 million to the state’s GDP. EB-5 investment in Illinois also contributed $0.98 million to federal revenue and $0.4 million to Illinois state government and local municipal revenue.
Illinois: New Privately Owned Housing Units Authorized by Building Permits in Permit-Issuing Places
Since 2009, Illinois has seen an increased growth of privately owned housing units, both in new buildings and housing units. In 2014, roughly 280 privately owned units were authorized by building permits. Most of these units are constructed in Illinois’s largest cities, which include Chicago, Aurora, Rockford, Joliet, and Naperville.
The EB5AN State of Illinois Regional Center covers the entire state of Illinois, including the following cities in the state. Aurora is the second-largest city in the state, located about 35 miles west of Chicago. Chicago is a vibrant, sprawling metropolitan area well known for music, comedy, shopping, dining, sports, architecture, and premier cultural attractions. Springfield is the capital of Illinois and the county seat of Sangamon County. Schaumburg is a city in the Chicago metropolitan area best known for the popular Woodfield Mall, the second-most-visited tourist attraction in Illinois.
Des Plaines is a vibrant, diverse collection of residential, commercial, and industrial land uses that encompasses roughly 15 square miles of land area just north of O’Hare International Airport. Naperville is the fourth-largest city in Illinois and consistently ranks among the top communities in the nation in which to live. Hoffman Estates is a diverse community of nearly 55,000 located along Interstate 90. Skokie is located on Chicago’s northern border and is known as “The World’s Largest Village.”