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Press release content from PR Newswire. The AP news staff was not involved in its creation.

EB-5 New York State Investors Achieve I-829 Petition approval and 100% Repayment

November 13, 2019 GMT

NEW YORK, Nov. 12, 2019 /PRNewswire/ -- EB-5 New York State, LLC (EB5NYS) is proud to announce that investors in its third consecutive EB-5 investment project have achieved the approval of their I-829 petitions for unconditional US green cards and have all been repaid their entire $500,000 investment in full.

This group of EB-5 investors helped finance the Health Sciences Charter School in Buffalo, N.Y. The Health Sciences Charter School, located in a very high unemployment area of downtown Buffalo, prepares inner-city high school students for careers in healthcare and the sciences. The majority of the students are eligible for a subsidized lunch.

“The Health Sciences Charter School is a tremendous success and we are very proud that the EB-5 program played a key early role for the school and its students,” said EB5NYS President Bill Gresser.

The EB-5 program is designed to create jobs in areas of high unemployment. The U.S. Census Bureau recently reported that nearly half of all children in the City of Buffalo — 45.2 percent — live in households that are classified as poor, and the city’s poverty rate is over 30 percent.

Gresser reports that over the past 10 years, EB5NYS has raised nearly $100 million of EB-5 investor capital for projects located in Buffalo. “For over 10 years we have used the EB-5 program to help create jobs in areas of high unemployment throughout New York State. We are especially proud of the EB-5 financing we have invested into projects in Buffalo like the Health Sciences Charter School and for the large number of jobs created in Western New York by the EB-5 program.”

About EB-5 New York State

EB-5 New York State was founded in Buffalo in 2007 and was designated as a Regional Center by the U.S. Citizenship and Immigration Services (of the U.S. Department of Homeland Security) in 2009. Since that time, the Company has used the EB-5 program to create new U.S. jobs and help eligible immigrant investors achieve U.S. green cards based on the new U.S. jobs actually created.

For more information, please visit www.eb5nys.com

Media Contact:
Kevin Keenan

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SOURCE EB-5 New York State