Why Invest EB 5 New York? The 13th Largest Economy in the World
As of July 2024, New York had 91 approved regional centers for EB-5 investments listed by USCIS, which indicates strong interest and participation in the EB-5 program within the state.
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About #eb 5 projects in new york city
New York State Economy
New York State
The economy of the State of New York is reflected in its gross state product in 2022 of $2.053 trillion, ranking third in size behind the larger states of California and Texas. If New York State were an independent nation, it would rank as the 10th largest economy in the world. However, in 2019, the multi-state, New York City-centered metropolitan statistical area produced a gross metropolitan product (GMP) of $US2.0 trillion, ranking first nationally by a wide margin and the 10th largest GDP in the world.
The state has a large manufacturing sector, which includes printing and publishing and the production of garments, furs, railroad rolling stock, and bus line vehicles. Some industries are concentrated in upstate locations also, such as ceramics and glass (the southern tier of counties), microchips and nanotechnology (Albany), the Greater Capital District, and photographic equipment (Rochester). New York's agricultural outputs comprise dairy products, cattle and other livestock, vegetables, nursery stock, and apples. In April 2021, GlobalFoundries, a company specializing in the semiconductor industry, moved its headquarters from Silicon Valley, California, to its most advanced semiconductor-chip manufacturing facility in Saratoga County near a section of the Adirondack Northway, in Malta, New York.
New York City
New York City is characterized as the world’s principal fintech and financial center, and the surrounding New York metropolitan area dominates the state's economy. Manhattan is the leading center of banking, finance, and communication in the United States and is the location of the New York Stock Exchange (NYSE) on Wall Street. Many of the world's largest corporations and EB 5 New York state LLC & regional Centers locate their home offices in Manhattan or nearby Westchester, Nassau, and Suffolk counties. Manhattan contained over 500 million square feet (46.5 million m2) of office space in 2015,[16] making it the largest office market in the United States, while Midtown Manhattan, with nearly 400 million square feet (37.2 million m2) in 2015, is the largest central business district in the world. New York is a top-tier global high-technology hub.
Population of New York
New York City's population in 2024 will be 7,931,147. It is currently declining at a rate of -2.49% annually and has decreased by -9.26% since the most recent census, which recorded a population of 8,740,647 in 2020.
The average household income in New York City is $122,667, and the poverty rate is 17.2%. The median age in New York City is 37.5, 36.2 for males and 38.9 for females.
Since the first US census in 1790, it has held that position and continues to have more than double the population of Los Angeles, the second-largest city. Chicago is the third largest city in the US, but it has just 1/3 the number of people in New York City.
New York City continues to significantly influence and impact the world’s economy, entertainment, media, education, art, technology, and scientific research.
Historical population
| Census | Population | %± |
|
2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
19,034,000 18,937,000 18,867,000 18,823,000 18,804,000 18,805,000 18,819,000 18,762,000 18,705,000 18,648,000 18,591,000 18,534,000 18,478,000 18,421,000 |
0.51% 0.37% 0.23% 0.10% -0.01% -0.07% 0.30% 0.30% 0.31% 0.31% 0.31% 0.30% 0.31% 0.30% |
New York State Immigration Situation
New York has seen the highest migrant arrivals per capita in 2023, with one migrant per 100 residents. New York City has over 3 million immigrants, about 40% of the city's population. However, New York City, renowned as a significant cultural center, has a history of drawing immigrants from the Dominican Republic, China, Jamaica, Mexico, and Ecuador. Data from the American Immigration Council shows that immigrants constitute 20% of the city's population and represent a substantial portion of entrepreneurs, owning a third of businesses run by individuals. These immigrant-owned businesses contribute significantly to the city's economy, generating $7.2 billion in annual revenue.
Examples EB 5 projects in New York City
Fig.1 Example of completed EB-5 projects in New York. Regional Center - New York State Regional Center, RCW1034050 https://eb5nys.com/
Fig:2 Example of completed Eb 5 New York State. Regional Center - New York State Regional Center, ID1205250597 https://www.arcfe.com/
Fig:3. Example of completed EB 5 projects in New York. Regional Center - New York State Regional Center, ID1214350657 http://visaeb-5.com/
Learn more about EB-5 Regional Centers and Rural TEA EB 5 New York in our comprehensive guide.