Encore New York and New Jersey Regional Center specifies investments within sixteen (16) counties in New York and New Jersey. These sixteen counties are listed below:
|New York||Counties: Bronx, Kings, Queens, Richmond, New York, Nassau, and Westchester|
|New Jersey||Counties: Middlesex, Monmouth, Morris, Somerset, Bergen, Hudson, Essex, Passaic, and Union|
Encore New York and New Jersey 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).
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 New York and New Jersey Regional Center will empower investors within the lower threshold of investment and will strongly impact those areas for the better.
The Encore New York and New Jersey 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 New York and New Jersey 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
New York City, located on the Atlantic Coastal Plain at the mouth of the Hudson River, is a city made up mostly of islands. Of the city’s five boroughs, only the Bronx is contiguous to upstate New York. The larger metropolitan area covers Long Island, northern New Jersey, and southwestern Connecticut. The city lies at the conjunction of the Hudson and East Rivers with New York Bay leading to the Atlantic Ocean. According to the United States Census Bureau, in 2000 New York City had a total area of 303 square miles. New York City is situated 50-800 feet above sea level. The city’s average temperature is about 32.4° F, with an average of 76.9° F in January and an average of 54.91° F in July.
As of July 1, 2013, the population of New York was estimated to be 19,651,127, which makes up about 6.14% of the country’s total population. According to immigration statistics, the state is a leading recipient of migrants from around the globe. New York City is the most populous city in the United States. More people live in New York City than in the next two most populous U.S. cities (Los Angeles and Chicago) combined.
New York’s gross state product in 2013 was $1.15 trillion, ranking third in size behind the larger states of California and Texas. New York is a vibrant center for commerce and business, and New York City is one of the three “world cities” (along with London and Tokyo) that control global finance. New York also exports a wide variety of goods such as foodstuffs, commodities, minerals, computers and electronics, cut diamonds, and automobile parts. The state has a large manufacturing sector that includes printing and production of garments, furs, railroad equipment, and bus line vehicles. There are 50 Fortune 500 companies in New York, including almost all of the top financial companies such as Morgan Stanley, Citigroup, JPMorgan Chase, and Goldman Sachs Group. 
New York is home to Columbia University in New York City and Cornell University in Ithaca. The city’s public school system, the New York City Department of Education, is the largest in the world. The statewide public university system is the State University of New York, commonly referred to as SUNY. The SUNY system consists of 64 community colleges, technical colleges, undergraduate colleges, and doctoral-granting institutions, including several universities.
Geography and Climate
New Jersey is the fourth smallest state. It is bordered on the north and northeast by New York. The terrain ranges from low-lying flood plains to gently rolling hills. New Jersey’s climate tends to be continental, as it is influenced by winds from the west. Nonetheless, it does experience temperature extremes throughout its four seasons. According to the United States Census Bureau, in 2000 New Jersey had a total area of 8,722 square miles. New Jersey is situated 250 feet above sea level.
The United States Census Bureau estimates that the population of New Jersey in 2013 was 8,899,339, which at that time was the eleventh largest population in the United States. Based on the last census in 2010, that was an increase of 0.8 percent in the population of the state of New Jersey. The population density of the state is about 1,189 people per square mile, which is the largest population density in the United States.
The Bureau of Economic Analysis estimates that New Jersey’s gross state product in 2010 was $487 billion. New Jersey historically has been one of the most attractive destinations in the United States for foreign direct investment. With its highly-developed network of roads as well as its rail, air, and seaport facilities, New Jersey is the best-connected region in the country for bringing product to market domestically and overseas. More than 32 percent of jobs at U.S. subsidiaries in New Jersey are in the manufacturing industry. In 2013, New Jersey ranked #1 in technological job growth. There are about 21 Fortune 500 companies in the state of New Jersey, which includes Johnson & Johnson, Toys “R” Us, and Prudential Financial.
A large number of higher education options are available in the state of New Jersey. Currently, the state has 31 four-year colleges and universities. Princeton University in Princeton, Mercer County, was ranked the top U.S. national university of 2014, as per U.S. News & World Report in 2013. In 2010, there were 605 school districts in the state. Census data reveals that New Jersey spent more per each public school student than any other state except New York in 2009. New Jersey’s education expenditures amounted to $16,271 spent per pupil, with 41 percent of the revenue derived from state sources.
Travel and Tourism
Known as the city that never sleeps, New York is host to a myriad of attractions for people of all walks of life. Some of the most famous attractions New York has to offer include the Statue of Liberty, the Empire State Building, Central Park, shows on Broadway and Shubert Alley, the Metropolitan Museum of Art, the Museum of Modern Art (MOMA), Times Square, Radio City Music Hall, and Rockefeller Center just to name a few.
Famed for its casinos of the Atlantic City Boardwalk, New Jersey is often called the gambling capital of the East Coast as well as a seaside retreat for those living in the northeast. Each year thousands flock to seaside towns such as Ocean City and Cape May to take advantage of the sandy shores and warm weather. Other famous attractions in the state include Six Flags Great Adventure and Wild Safar, Liberty State Park, Breakwater Beach Water Park, Liberty Science Center, and Adventure Aquarium.