About HKRC:
HKRC New York EB5 Regional Center LLC (HKRC) is qualified as a USCIS-designated Regional Center and viable business entity under the EB-5 Regional Center Investment Program. The focus of HKRC is to create an engine for economic development in the greater New York area, by harnessing immigration investment capital for job creation.
Geographic Scope
Our company is headquartered in New York, but our economic development zone spans several states. The Regional Center has an approved geographic coverage area encompassing the following contiguous counties across New York, New Jersey, and Pennsylvania:
- (New York) Kings, Queens, New York, Suffolk, Bronx, Nassau, Westchester, Richmond, Rockland, and Putnam counties
- (New Jersey) Bergen, Essex, Hudson, Hunterdon, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Sussex, and Union counties
- (Pennsylvania) Pike County
Commitment to Investors
At HKRC we pledge an unmatched level of service quality to our foreign investors looking to gain citizenship in the United States. We realize our investors have three main objectives, permanent residency, eventual repayment of investment, and optimal investment return rate, and we are passionately committed to helping investors meet these goals. Our team is comprised of a multicultural staff including individuals who have successfully invested and achieved citizenship through the EB-5 program, so we feel a personal connection to this initiative. We have also seen this program's powerful ability to reinvigorate the local economy and are committed to supporting its success.
Program Approach
In helping investors reach the trifold goal of citizenship, investment recapture, and best rate of return on investment, we have devised a strong business and investment protocol. We will work with local developers, municipal organizations including local chambers of commerce, development councils, and licensed real estate brokerage firms to identify projects that are suitable for the EB-5 program. At this point, we have already identified several financially-feasible projects which are being developed by experienced developers, which fill an unmet need in the marketplace. From here, we will continue to prudently evaluate the appropriateness and success potential of each until we are confident enough to choose a project that is the best fit for our requirements and standards. While our approach is to remain focused on one project at a time, our operation plan includes a clause for the continual seeking out of the best projects for investment. We will continue to identify potential opportunities, as we endeavor to continue building our program and create value for investors and the local economy well into the future.
Program Oversight
HKRC has established a strict program of internal protocols and a checks and balances system to govern the entirety of the development process after we have made our final project selection. This governance program reflects our commitment to maintaining maximum oversight of our business and associated projects, including the activity of all partners and vendors involved to ensure financial objectives and job creation targets are met. HKRC will provide support and guidance to all program participants to limit variance between actual and target objectives and milestones. HKRC will also employ staff dedicated to the collecting, filing, and processing all EB-5 related documents, as required by law to be submitted by the developer/job creating enterprise (JCE).
Risk Management/Fund Safety
We employ a tightly managed risk management and fund oversight program that is in effect from the start of early investment through the final stages of fund administration and disbursement, and project construction and completion. Investor funds are first placed in escrow under a New Commercial Enterprise (NCE) account and are then transferred to the JCE/developer account. HKRC will assist the JCE in working with banks to set up a set disbursement schedule for project funds as well as coordinate between the JCE and reputable construction management companies to lay out the construction process and timetable. All funds will remain at-risk within the JCE's accounts and HKRC will work with the developer and other institutions involved to ensure funds are rightfully allocated to the project; HKRC will also provide oversight over disbursement payment process to ensure legal compliance.