NYCRC MILESTONES Print

NEW YORK, NY – January 6, 2015 – The New York City Regional Center (“NYCRC”) is pleased to announce that United States Citizenship Immigration Services has issued a I-924 Petition approval for the New York City Subway Wireless Infrastructure Project.  This is the NYCRC’s eleventh (11^th) I-924 Petition project approval.  NYCRC has a 100% I-924 Petition approval rating on its projects. 

This 11^th I-924 approval is another example of the NYCRC’s stellar record of success.  Other examples include the following:

• 1,144 EB-5 investors and family members have been granted permanent green cards
• 4,533 EB-5 investors and family members have been granted conditional green cards
• 1,675 EB-5 investors have received I-526 approvals
• 391 EB-5 investors have received I-829 approvals
• $1.2 billion of EB-5 funds raised

The NYCRC was approved by the USCIS in 2008 to secure EB-5 investment in real estate projects within Brooklyn, Queens, Manhattan, and the Bronx.  The NYCRC was the first regional center approved in New York City.  The NYCRC works in conjunction with the government and designated developers to fund critical economic development projects in New York City. 

The NYCRC has become an important contributor to New York City’s economic revitalization by helping to fund a series of public/private real estate projects that create much needed jobs.  NYCRC projects include EB-5 funding to assist with the redevelopment of the Brooklyn Navy Yard, New York City’s largest industrial park, as well as funding to assist with the expansion of Steiner Studios, the city’s largest film and television production facility.  The NYCRC has also provided capital for key components of the Atlantic Yards project as well as the redevelopment of Downtown Brooklyn’s central business district.  NYCRC funding is being used to assist with the redevelopment of the George Washington Bridge Bus Station and the continuing efforts to revitalize Lower Manhattan’s waterfront and the Bronx and Washington Heights business corridors.  The NYCRC will also provide capital to assist with the construction of a wireless infrastructure network in select New York City underground subway stations.