09:34
Darren Silver & Associates
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 a nearly $250 million investment set to help develop a Brooklyn basketball arena.
There’s the New York Immigration Fund, which is currently pulling together investments for two NY hotels. And there are the Federal New York Metropolitan Regional Center, which is supporting the development of a medical center in Flushing, and the Manhattan Regional Center, which is attempting to raise funds to build a 385-room hotel in Manhattan and a major assisted-living establishment in Brooklyn.
These investments are lauded by many in the U.S. because immigrant investor visa-funded projects do not depend upon tax funds to support high growth projects. They, instead, depend upon foreign nationals who are looking for ways to establish permanent residency in the United States.
Foreign investors, who invest at least $500,000 into a project that leads to the establishment of 10 jobs for U.S. workers, are given temporary permanent visas which, if the projects are successful, can lead to permanent resident status and, eventually, citizenship.
Interest in the EB-5 Immigrant Investor Visa program continues to grow. At the end of July, an investment summit will take place in Boston, Mass., in which representatives from the U.S., China and Korea will discuss ways that investors and other stakeholders can take advantage of this major immigration and investment program. Such conferences and summits are taking place across the nation as more and more regional centers open and seek interested foreign national investors.
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 a nearly $250 million investment set to help develop a Brooklyn basketball arena.
There’s the New York Immigration Fund, which is currently pulling together investments for two NY hotels. And there are the Federal New York Metropolitan Regional Center, which is supporting the development of a medical center in Flushing, and the Manhattan Regional Center, which is attempting to raise funds to build a 385-room hotel in Manhattan and a major assisted-living establishment in Brooklyn.
These investments are lauded by many in the U.S. because immigrant investor visa-funded projects do not depend upon tax funds to support high growth projects. They, instead, depend upon foreign nationals who are looking for ways to establish permanent residency in the United States.
Foreign investors, who invest at least $500,000 into a project that leads to the establishment of 10 jobs for U.S. workers, are given temporary permanent visas which, if the projects are successful, can lead to permanent resident status and, eventually, citizenship.
Interest in the EB-5 Immigrant Investor Visa program continues to grow. At the end of July, an investment summit will take place in Boston, Mass., in which representatives from the U.S., China and Korea will discuss ways that investors and other stakeholders can take advantage of this major immigration and investment program. Such conferences and summits are taking place across the nation as more and more regional centers open and seek interested foreign national investors.
