BTM Greater NY
Regional Center, Inc. Background
The U.S. Congress originally established the EB-5 Immigrant Investor Program as part of the Immigration & Naturalization Act of 1990 to enable foreign nationals to obtain U.S. permanent residency by making a qualified investment in a United States enterprise that leads to the direct creation of at least 10 jobs for U.S. workers. In 1992, Congress expanded the EB-5 Program by creating “regional centers,” through which multiple EB-5 investors may pool together investment funds into one enterprise and include indirect job creation toward fulfilling their immigration requirements. On March 15, 2022, the EB-5 Program was overhauled per the EB-5 Reform & Integrity Act of 2022.
Regional Center
An EB-5 regional center is a public or private economic entity in the United States that participates in promoting economic growth. Regional centers must be designated by the U.S. Citizenship & Immigration Services (USCIS) in order to participate in the EB-5 investment immigration program.
New York – New Jersey – Connecticut Tristate Metropolitan Area Includes 23 counties:
New York
New York City region：Bronx, Kings, New York, Queens, Richmond
Long Island region：Nassau, Suffolk
Upstate New York region：Dutchess, Orange, Putnam, Rockland, Ulster, Westchester
New Jersey
Bergen, Essex, Hudson, Morris, Passaic, Sussex, Union
Connecticut
Litchfield, Fairfield, New Haven
Functions of the Regional Center
Sponsorship
Select and sponsor qualified EB-5 investment projects within the regional center’s designated geographical area.
Supervision
Supervise the sponsored EB-5 projects to ensure compliance with EB-5 laws and regulations.
Reporting
Submit annual reports to USCIS about the flow of EB-5 capital, progress of each project, job creation statistics, investor data, and other related information.
BTM Greater NY Regional Center, Inc.
Regional Center ID
RC2200001378
President
Ms. Cindy Zhang
Chief Compliance Officer
Mr. Yu Liu
Projects
Athena LIC
Project Location:
Long Island City, Queens, New York
Total Budget:
$46.36 million
Offering commencement:
2022
Total EB-5 Financing:
$12 million
Completion Date:
Ongoing
Number of EB-5 Investors:
15
Aliz Hotel Times Square
Project Location:
New York, New York
Total Budget:
$127 million
Offering commencement:
2015
Total EB-5 Financing:
$40 million
Completion Date:
2018
Number of EB-5 Investors:
80
Shangri-La Astoria Condominium Project
Project Location:
Long Island City, Queens, New York
Total Budget:
$49 million
Offering commencement:
2016
Total EB-5 Financing:
$8 million
Completion Date:
2021
Number of EB-5 Investors:
16
2402 Queens Plaza South
Project Location:
Long Island City, Queens, New York, NY
Total Budget:
$195 million
Offering commencement:
2024
Total EB-5 Financing:
Up to $40 million
Completion Date:
Ongoing
Number of EB-5 Investors:
Up to 50