Benefits of Affiliation with our Virginia EB-5 Regional Center
Immediate Ability to Raise EB-5 Capital in Virginia
Business affiliates of EB5AN, including our Virginia 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 Virginia EB-5 Regional Center
Our Team Will Complete Your I-924 Application for a Virginia 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 Virginia for EB-5 Virginia Regional Center Projects
Please visit our EB-5 TEA Map to determine whether your Virginia 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 Virginia 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 Virginia, 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 Commonwealth of Virginia and the Economic Climate of our EB-5 Virginia Regional Center
The EB5AN Virginia 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 Virginia.
Historically, several elected Virginia 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 Virginia EB-5 regional center such as the EB5AN Virginia Regional Center.
Virginia: Population and Income Demographics
According to the 2010 U.S. Census, Virginia has a population of approximately 6.5 million people over the age of 16. Of this, there are approximately 4.3 million people in the labor force, with 3.9 million who are employed and 303,000 who are unemployed. These population numbers represent approximately 3 million households.
Virginia: Unemployment Trends
Unemployment statistics for 2015 show average unemployment in Virginia at 4.5%. Monthly unemployment rates were 4.1% for October 2015, 4.0% for November 2015, and 3.9% for December 2015.
Virginia covers an area of 42,774.2 square miles, with a width of 200 miles and a length of 430 miles. This implies a population density of 209.2 people per square mile, which makes Virginia the 14th-most densely populated state in the United States. The capital of Virginia is Richmond, the largest city is Virginia Beach, and the largest metro area is the Washington metropolitan area. The gross domestic product (GDP) of Virginia in 2010 was $424 billion. This implies a compound annual growth rate from 2000 to 2010 of 4.93% and a per capita GDP of $47,570. Virginia has the 11th-largest economy in the United States by GDP.
Virginia is an employment-at-will state. Its economy has diverse sources of income, including local and federal governments, military, farming, and business. Virginia has 4.1 million civilian workers, and one-third of the jobs are in the service sector. The 2nd-fastest job-growth town in the nation is Leesburg, as of 2011.
The GDP of Virginia was $452 billion in 2013. According to the Bureau of Economic Analysis, Virginia had the most counties in the top 100 wealthiest in the United States based upon median income in 2007. Northern Virginia is the highest-income region in Virginia, having six of the twenty highest-income counties in the United States, including the three highest as of 2011.
According to CNN’s Money magazine, the highest-income town in the nation is Great Falls, as of 2011. According to a 2013 study by Phoenix Marketing International, Virginia had the seventh-largest number of millionaires per capita in the United States, with a ratio of 6.64%.
Virginia State Government & EB-5 Investment Financial and Employment Statistics
Virginia: Real GDP (2011–2014)
From 2011 to 2014, Virginia’s GDP grew by 2.38%, with an average annual GDP growth of 0.4%. In 2014, Virginia’s real GDP was $0.43 trillion, ranked 12th in the U.S. The 2011–2012 financial year saw the largest percent change in GDP at 0.7%, signaling a strong and growing economy.
Virginia: 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. Virginia’s personal consumption expenditure grew from $0.3 trillion in 2012 to $0.32 trillion in 2014. From 2013 to 2014, total personal consumption expenditure grew by 3.2%.
Virginia: State government finances (2013)
In 2013, the government of Virginia collected $50.9 billion and spent $47.6 billion, resulting in a net difference of $3.2 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.
Virginia: Total economic impact of EB-5 investments (2013)
In Virginia, EB-5 investment has supported the direct creation of 736 jobs. These jobs were the result of roughly $41 million in direct investment from EB-5 projects, contributing $51.27 million to the state’s GDP. EB-5 investment in Virginia also contributed $8.26 million to federal revenue and $3.85 million to Virginia state government and local municipal revenue.
Virginia: New Privately Owned Housing Units Authorized by Building Permits in Permit-Issuing Places
Since 2009, Virginia has seen increased growth of privately owned housing units, both in new buildings and housing units. In 2014, roughly 3,200 privately owned units were authorized by building permits. Most of these units are constructed in Virginia’s largest cities, which include Virginia Beach, Norfolk, Chesapeake, Richmond, and Newport News.
The EB5AN Commonwealth of Virginia Regional Center covers select counties in the Commonwealth of Virginia, including the following cities: Virginia Beach is a resort city on the shores of the Atlantic Ocean and Chesapeake Bay, with miles of beaches and hundreds of hotels, motels, and restaurants along its oceanfront.
The City of Fairfax is an independent city in the Commonwealth of Virginia. With its landscaped and leafy street medians, it is an oasis, unique and brimming with vitality that recently has been recognized by Forbes as one of the top places to live in the nation. McNair is a census-designated place located in the Oak Hill section of Fairfax County. It is directly to the east of Washington Dulles International Airport. Herndon is a town in Fairfax County, Virginia, in the Washington, D.C., metropolitan area of the United States. Herndon is the sister city of Runnymede, England.