Encore Pennsylvania Regional Center, LLC (“EPRC”)
Encore Pennsylvania Regional Center specifies investment within the entire state of Pennsylvania. Although Harrisburg is the capital, Philadelphia is the most populous city .
Encore Pennsylvania Regional Center projects are intended to create positive economic change throughout the above areas, particularly through investment in the designated Targeted Employment Areas (TEAs), defined by USCIS as areas with either unemployment rate of at least 150% of the national average, or the rural area (defined as population of 20,000 or less).
As specified by the requirements of the EB-5 program section 203 b, investments made within TEAs will be $500,000 per investor, while those made outside TEAs will be $1 million per investor. With emphasis on TEAs, Encore Pennsylvania Regional Center will empower investors with a lower threshold of investment and will enrich those areas with a greater positive impact.
The Encore Pennsylvania Regional Center is uniquely positioned to offer a wide array of commercial real estate investments to EB-5 Immigrant Investors. As commercial real estate professionals with successful track records in the State of Pennsylvania, the principals of the Encore Pennsylvania Regional Center are ideally suited to identify, underwrite, and market well-positioned commercial real estate projects.
Our team, which includes a professional network of governmental agencies, developers, real estate brokers, and attorneys, is committed to linking foreign investors with reputable project stakeholders and facilitating immigration to the United States through the EB-5 Immigrant Investor Program.
Geography and Climate
The state of Pennsylvania is roughly 44,817 square miles making it the 33rd largest state in the United States . Pennsylvania borders six other states: New York to the north, New Jersey to the East, Maryland to the south, Delaware to the southeast, West Virginia to the southwest, and Ohio to the west. Although Pennsylvania lies in the Humid Continental Zone, the climate varies from region to region . For Philadelphia, which lies in the southeast corner of Pennsylvania, the annual average temperature is 54°F (12°C). Annual precipitation is around 42 inches of rain with moderate snowfalls hovering around 21 inches of snow. Moving further inland, snowfall increases significantly with as much as 42 inches of snowfall in the city of Pittsburg and 54 inches of snowfall in the city of Erie .
It is estimated that Pennsylvania has a population of 12,773,801, according to a 2013 estimate . The largest city, Philadelphia, boasts a population of 1,547,607, an increase of 2% since 2000. It is also the 5th largest city in the United States after New York, Los Angeles, Chicago, and Houston . The city of Harrisburg has a much smaller population of 50,827 people but it is the capital of Pennsylvania.
Pennsylvania has fast growing sectors such as the medical and health industries as well as in the financial services industry. The steel and manufacturing industries were large contributors to the economy. However, increased competition in the global market has stemmed its growth, although manufacturing still maintains a prominent contribution to Pennsylvania’s economy. Pennsylvania is also one of the largest egg suppliers in the nation and also supplies the country with a significant portion of the nation’s food. Lastly, Pennsylvania is most well known as a leading supplier of coal for the US .
Pennsylvania offers some of the most prominent schools in the US. Most notably is the University of Pennsylvania also known as UPenn. The school is home to the famous Wharton School of Business which is ranked as the #1 business school for both graduates and undergraduates in the US . Other prominent schools include nationally ranked #26 Carnegie Mellon University and #37 Pennsylvania State at University Park as well as other top liberal arts colleges such as #3 Swarthmore College and #30 Bryn Mawr College .
Travel and Tourism
The state of Pennsylvania is known for its deep historical roots and was an integral component of American independence. Many attractions in the state are centered around it’s history, including Independence National Park, the Liberty Bell and Independence Hall, the Philadelphia Museum of Art, Gettysburg National Military Park, and Valley Forge National Historic Park. Other attractions in the state include Hershey Park, Knoebels Amusement Resort, and the Carnegie Museum of Natural History.