Just a few years ago, there were only 11 Immigrant Investor Regional Centers in the United States. Today, there are nearly 150. In New York alone, four new centers were approved by United States Citizenship and Immigration Services this year alone. These centers, which enable foreign nationals from areas across the world to obtain green cards through major economic investments, are bringing new life to areas stunted by the economic downturn and are supporting growth in areas already established as economic centers – including New York City itself.
There’s the New York City Regional Center, which has raised $60 million for growth projects in the Brooklyn Navy Yard, as well as $65 for a Brooklyn-based film and TV studio. That center is now looking into even larger funded projects, including...