Encore Boston Regional Center projects are intended to create positive economic change throughout these areas, particularly through investments in designated Targeted Employment Areas (TEAs). The United States Citizenship and Immigration Services define a TEA as an area with an unemployment rate of at least 150% of the national average, or as a rural area (an area with a population of 20,000 or less).
EB-5 Regional Centers Boston Projects
The Encore Boston Regional Center specifies investments within twelve (12) counties in Massachusetts including: Barnstable, Bristol, Essex, Hampden, Middlesex, Norfolk, Berkshire, Dukes, Franklin, Hampshire, Nantucket, and Plymouth.
As required by Section 203b of the EB-5 program, investments made within TEAs will be $500,000 per investor and those made outside TEAs will be $1 million per investor. With an emphasis on TEAs, the Encore Boston Regional Center will empower investors within the lower threshold of investment and will strongly impact those areas for the better.
The Encore Boston Regional Center is uniquely positioned to offer a wide array of commercial real estate investment opportunities to EB-5 immigrant investors. The principals of the Encore Boston Regional Center are experienced commercial real estate professionals with successful track records in the United States. They are well-suited to identifying, underwriting, and marketing well-positioned commercial real estate projects.
Our team includes a professional network of governmental agencies, developers, real estate brokers, and attorneys. It is dedicated to connecting foreign investors with reputable project stakeholders and facilitating immigration to the United States through the EB-5 Immigrant Investor Program.
Geography and Climate
Massachusetts’s Shawmut Peninsula, upon which Boston is located, lies at the mouths of the Charles and Mystic Rivers. The rivers flow into Boston’s inner harbor and then into Boston Harbor itself. This harbor is part of Massachusetts Bay and leads ultimately to the North Atlantic Ocean. According to the United States Census Bureau, in 2000 Boston City had a total area of 89.6 square miles. Boston is located 15-29 feet above sea level. The city’s average temperature is about 51.6° F, with an average temperature of 29.3° F in January and an average temperature of 73.9° F in July.
The current population of Boston, Massachusetts is estimated to be 636,479. That is an increase of about 1.8% from the last record of the population. Boston is not only the capital of Massachusetts, but also the largest city in the state. It is also the twenty-first largest city in the entire United States of America.
As a global city, Boston is among the top 30 most economically powerful cities in the world. The Greater Boston metropolitan area has an economy that is worth $363 billion, which makes it the sixth largest economy in the country and the twelfth largest in the world. Boston’s colleges and universities have a significant effect on the regional economy. Boston attracts more than 350,000 college students from around the world, who contribute more than $4.8 billion per year to the city’s economy. Tourism composes a large part of Boston’s economy- 21.2 million domestic and international visitors spent $8.3 billion in 2011. Another important industry for Boston is financial services, especially mutual funds and insurance. Boston-based Fidelity Investments helped popularize the mutual fund among American investors in the 1980s; it also has made Boston one of the top financial cities in the United States.
Greater Boston has more than 100 colleges and universities, with 250,000 students enrolled in Boston and Cambridge alone. Its largest private universities include Boston University (the city’s fourth largest employer), Northeastern University, and Boston College. In primary and secondary education, The Boston Public Schools has 57,000 students enrolled in 145 schools, including the school district’s prestigious “exam” schools: Boston Latin Academy, John D. O’Bryant School of Math & Science, and Boston Latin School. The Boston Latin School, established in 1635, is the oldest public high school in the United States.
Travel and Tourism
The greater Boston area boasts a rich blend of modern attractions and historical charm. The rich history of the city lends itself to a myriad of cultural attractions including the Boston Museum of Fine Arts, the Freedom Trail, the Boston Public Library, the Boston Tea Party Ships & Museum, the John F. Kennedy Presidential Museum & Library, and the Granary Burying Ground. A must-see attraction for all visitors is a Red Sox game at Fenway Park, one of the oldest and most beloved baseball stadiums in America.