EB5 Affiliate Network State of West Virginia Regional Center
Geographic Coverage: Select counties in the State of West Virginia
View the official regional center designation letter for the EB5AN West Virginia Regional Center.
Contact us now to learn more about becoming a business affiliate.
Benefits of Affiliation with our West Virginia EB-5 Regional Center
Immediate Ability to Raise EB-5 Capital in West Virginia
Business affiliates of EB5 Affiliate Network, including our West 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 West Virginia EB-5 Regional Center
Our Team Will Complete Your I-924 Application for a West 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 West Virginia for EB-5 West Virginia Regional Center Projects
Please visit our EB-5 TEA Map to determine whether your West 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 West 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 West 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 State of West Virginia and the Economic Climate of our EB-5 West Virginia Regional Center
The EB5AN West 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 selected counties in the State of West Virginia.
Historically, several elected West 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 West Virginia EB-5 regional center such as the EB5 Affiliate Network West Virginia Regional Center.
West Virginia: Population and Income Demographics
According to the 2010 U.S. Census, the State of West Virginia has a population of approximately 1.5 million people over the age of 16. Of this, there are approximately 826,000 people in the labor force, with 756,000 who are employed and 69,000 who are unemployed. These population numbers represent approximately 741,000 households.
West Virginia: Unemployment Trends
Unemployment statistics for 2015 show average unemployment in West Virginia of 6.8%. Monthly unemployment rates were 5.6% for October 2015, 5.6% for November 2015, and 5.9% for December 2015.
West Virginia covers an area of 24,230 square miles, with a width of 130 miles and a length of 240 miles. This implies a population density of 77.1 people per square mile, which makes West Virginia the 29th-most densely populated state in the United States.
The capital of West Virginia and the largest city is Charleston, and the largest metro area is the Huntington metropolitan area. The gross domestic product (GDP) of West Virginia in 2010 was $65 billion. This implies a compound annual growth rate from 2000 to 2010 of 4.55% and a per capita GDP of $30,217. West Virginia has the 39th-largest economy in the United States by GDP.
West Virginia would nominally have the 62nd-largest economy globally, behind Iraq and ahead of Croatia, according to 2009 World Bank projections, and the 64th largest, behind Iraq and ahead of Libya, according to 2009 International Monetary Fund projections. West Virginia had a projected nominal GSP of $63.34 billion in 2009, according to the Bureau of Economic Analysis report of November 2010, and a real GSP of $55.04 billion. The real GDP growth of the state in 2009 of 0.7% was the seventh best in the country. West Virginia was only one of ten states in 2009 that grew economically.
West Virginia State Government & EB-5 Investment Financial and Employment Statistics
West Virginia: Real GDP (2011–2014)
From 2011 to 2014, West Virginia had an average annual GDP growth of 1.3%. In 2014, West Virginia’s real GDP was $0.07 trillion, ranking 40th in the U.S. The 2013–2014 financial year saw the largest percent change in GDP at 5.1%, signaling a strong and growing economy.
West 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. West Virginia’s personal consumption expenditure remained stable at $0.06 trillion from 2012 to 2014.
West Virginia: State government finances (2013)
In 2013, the government of West Virginia collected $14.6 billion and spent $13.2 billion, resulting in a net difference of $1.3 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.
West Virginia: New Privately Owned Housing Units Authorized by Building Permits in Permit-Issuing Places
Since 2009, West Virginia has seen increased growth of privately owned housing units, both in new buildings and housing units. In 2014, roughly 300 privately owned units were authorized by building permits. Most of these units are in West Virginia’s largest cities, which include Charleston, Huntington, Morgantown, Parkersburg, and Wheeling.