Encore Washington D.C. Regional Center, LLC offers investment opportunities in counties throughout a region including Maryland, Virginia and the District of Columbia which share a common regional economy, interstate system, and connection to the Washington D.C. area.
The potential for successful industry and development in this geographic region is tremendous. The Washington metropolitan area is the most educated and by some measures, the most affluent metropolitan area in the United States. The Washington, D.C. metropolitan area is the metropolitan area centered on Washington, D.C., the capital of the United States. The area includes all of the federal district and parts of the U.S. states of Maryland and Virginia. Encore Washington D.C. Regional Center projects are intended to create positive economic change throughout the Washington D.C. Area, particularly through investment in designated Targeted Employment Areas (TEAs), defined by USCIS as areas with unemployment of at least 150% of the national average.
As specified by the requirements of the EB-5 program section 203 b, investments made within TEAs will be $500,000, while those made outside TEAs will be $1 million. With emphasis on TEAs, Encore Washington D.C. Regional Center will empower investors with the lower threshold of investment and will enrich those areas with a greater positive impact.
The Washington D.C. 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 Washington Area, the principals of the Encore Washington D.C. 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.
Washington, D.C., is located in the mid-Atlantic region of the U.S. East Coast. The District is bordered by Montgomery County, Maryland, to the northwest; Prince George’s County, Maryland, to the east; and Arlington and Alexandria, Virginia, to the south and west.
The Potomac River forms the District’s border with Virginia and has two major tributaries: the Anacostia River and Rock Creek. The Chesapeake and Ohio Canal starts in Georgetown and was used during the 19th century to bypass the Great Falls of the Potomac River, located upstream (northwest) of Washington at the Atlantic Seaboard fall line.
Washington is in the humid subtropical climate zone and exhibits four distinct seasons. Its climate is typical of Mid-Atlantic U.S. areas removed from bodies of water. The District is in plant hardiness zone 8a near downtown, and zone 7b elsewhere in the city, indicating a temperate climate.
Area: 68.25 square miles
Elevation: Sea level at the Potomac River to 409 feet above sea level at its highest point
Average Temperatures: January, 38° F; August, 79.8° F; annual average, 66.8° F
Average Annual Precipitation: 39.7 inches
The Washington Metropolitan Area, which includes the District and surrounding suburbs, is the seventh-largest metropolitan area in the United States with an estimated 5.7 million residents in 2011. When the Washington area is included with Baltimore and its suburbs, the Baltimore–Washington Metropolitan Area had a population exceeding 8.5 million residents in 2010, the fourth-largest combined statistical area in the country. The area has been a magnet for international immigration since the late 1960s. It is also a magnet for internal migration (persons moving from one region of the U.S. to another).
The gross product of the Washington Metropolitan Area was $425 billion in 2010, making it the fourth-largest metropolitan economy in the United States. The various agencies of the Federal Government employ over 140,000 professionals in the Washington D.C. area. A sizable number of these professionals in the Washington D.C. area work for defense and civilian contracting companies that conduct business directly with the Federal Government. As a result, the Federal Government provides the underlying basis of the economy in the region. However, the Washington D.C. area is increasingly home to a diverse segment of businesses not directly related to the Federal Government.
The Washington, D.C. area has the largest science and engineering work force of any metropolitan area in the nation in 2006 according to the Greater Washington Initiative at 324,530, ahead of the combined San Francisco Bay and Chicago metropolitan area.
The Washington, D.C. area was ranked as the second best High-Tech Center in a statistical analysis of the top 100 Metropolitan areas in the United States by American City Business Journals in May 2009. Fueling the metropolitan area’s ranking was the reported 241,264 tech jobs in the region, as well as the highest master’s or doctoral degree attainment among the 100 ranked metropolitan areas.
The Washington D.C. area is home to hundreds of major research universities, think tanks, and non-profit organizations. Additionally, Washington, D.C. is a top tourism destination as flocks of Americans and foreigners from around the world visit the museums and monuments of the Capital city year round with the peak season being during the Spring and Summer months of April through August.
The Washington metropolitan area has ranked as the highest-educated metropolitan area in the nation for four decades. As of the 2006–2008 American Community Survey, the three most educated places with 200,000 people or more in Washington–Arlington–Alexandria by bachelor’s degree attainment are Arlington, Virginia (68.0%), Fairfax County, Virginia (58.8%), and Montgomery County, Maryland (56.4%). Forbes magazine stated in its 2008 “America’s Best- And Worst-Educated Cities” report: “The D.C. area is less than half the size of L.A., but both cities have around 100,000 Ph.D.’s.” Private universities include American University (AU), the Catholic University of America (CUA), Gallaudet University, George Washington University (GW), Georgetown University (GU), Howard University, and the Johns Hopkins University School of Advanced International Studies (SAIS). The Corcoran College of Art and Design provides specialized arts instruction and other higher-education institutions offer continuing, distance and adult education. The University of the District of Columbia (UDC) is a public university providing undergraduate and graduate education. The District is known for its medical research institutions such as Washington Hospital Center and the Children’s National Medical Center, as well as the National Institutes of Health in Bethesda, Maryland. In addition, the city is home to three medical schools and associated teaching hospitals at George Washington, Georgetown, and Howard universities.
Travel and Tourism
As the capital of the United States, Washington D.C. is home to an abundance of museums and history-centered attractions. Visitors come from all over the world to view the Lincoln Memorial, the National Mall as well as the Smithsonian National Museum of Natural History. Other attractions native to Washington D.C. include the National Gallery of Art, the Vietnam Veterans Memorial, the Jefferson Memorial, and the National Portrait Gallery.