NYCRC MILESTONES Print
5,000TH CONDITIONAL GREEN CARD AND 2,400TH PERMANENT GREEN CARD
NEW YORK, NY – September 12, 2016 – The New York City Regional Center (“NYCRC”) is pleased to announce that the 5,000th Conditional Green Card and 2,400th Permanent Green Card has been issued to EB-5 applicants and family members participating in NYCRC projects.
“The issuance of the 5,000th conditional green card and 2,400th permanent green card is a major milestone for the NYCRC and our investors. We are extremely focused on the immigration goals of our investors and their families and will continue to work hard to make these goals a reality,” said NYCRC Managing Principal Paul Levinsohn. “The NYCRC is helping to spur job creation and economic development in New York City while also assisting families begin a new life in America.”
The NYCRC was approved by the United States Citizenship and Immigration Services (USCIS) in 2008 to secure EB-5 investment in real estate projects within Brooklyn, Queens, Manhattan, and the Bronx. 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.
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. NYCRC is also providing capital to assist with the construction of a wireless infrastructure network in select New York City underground subway stations.
# # #