EB-5 MARKET IN MARYLAND
Maryland is a significant state in terms of EB-5 investments and job creation. As of May 2020, Maryland has 23 approved EB-5 regional centers listed by USCIS.EB-5 Economic Impact Studies showed that EB-5 investments in Maryland totaled $302 million and created 4,500 jobs in 2014-2015.
STATE ECONOMY
Maryland, known as Old Line State, is one of the smallest states in the U.S., but it is a rich state with a gross state product of $382.4 billion. The main industries are health care, state and local government, retail trade and professional and technical services. Information technology, telecommunications and aerospace and defense are also behind Maryland’s economic growth, according to Maryland State Archives. Maryland’s economy is ranked eighth in the country based on GDP growth, job growth, unemployment rate, poverty rate and bachelor’s degree attainment rate, media reports. The ranking says a typical Maryland household earns more than $20,000 more than a typical U.S. household annually.
POPULATION OF MARYLAND:
The U.S. Census Bureau 2019 data shows the population in Maryland is about 6 million. Almost 60% of the state’s residents identify as white, 30.9% Black or African American, 10.4% Hispanic or Latino, and 6.7% Asian. Most people speak mainly English, but there are small regions where Spanish is common.
IMMIGRATION SITUATION
Much of Maryland’s large immigrant community comes from El Salvador. Other top countries of origin include India, China, Mexico and Nigeria. American Immigration Council estimated that one in seven Maryland residents is an immigrant and more than one in five self-employed business owners are immigrants who generated $1.5 billion in total annual revenue.
COMPLETED EB-5 PROJECTS IN MARYLAND
Live! Casino & Hotel, previously known as Maryland Live! Casino, in Hanover, Maryland is one of the largest casino and entertainment venue on the East Coast. The project, which opened in 2012, had 200 foreign EB-5 investors, according to Maryland Center for Foreign Investment, LLC., a federally designated regional center.
225 North Calvert received $20 million in EB-5 funds from 40 investors through EB5 Capital regional center and was completed in 2018. The project in downtown Baltimore involved turning an office building into a luxury apartment building with ground-floor retail space. The building is a few blocks away from Inner Harbor waterfront, which is Baltimore’s most popular tourist attraction and retail destination. It’s also near Johns Hopkins Hospital.
RURAL TEA COUNTIES IN MARYLAND:
- Caroline
Dorchester
Garrett
Kent
Talbot
INTERACTIVE RURAL TEA MAP
APPROVED EB-5 REGIONAL CENTERS IN MARYLAND:
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American Heritage Regional Center, LLC
ID152545291
3426 SNOW CLOUD LANE
SILVER SPRING 20904 MD
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Smith Atlantic Regional Center LLC (former name Atlantic Coast Regional Center, LLC)
ID1431851978
9500 Roosevelt Way N.E. Suite 300
Seattle, WA 98115
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Birch MD BioPark Regional Center
ID1103950157
65 William Street,
Suite 310 Wellesley, MA 02481
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Capital Area Regional Center (CARC)
ID1031910117
600 Cameron Street Alexandria,
VA 22301
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Chesapeake Regional Center, LLC
ID1306051099
4437 Brookfield Corporate Dr STE 207,
Chantilly, VA 20151,
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DC Regional Center
ID1031910144
1806 11th St NW,
Washington, DC 20001,
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Delaware Valley Regional Center, LLC
ID1313451137
200 W Washington Square #100,
Philadelphia, PA 19106
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EB5 Capital – DC Regional Center
ID1217750695
6106 MacArthur Blvd, Suite 104
Bethesda, MD 20816
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Greystone EB5 Northeast RC, LLC
ID1512652685
152 West 57th St., 60th Floor
New York, NY 10019 -
The Harbor Bank Community Development Capital RC
ID1709855484
25 West Fayette Street
Baltimore, Maryland 21201
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LJHB Perpetual, LLC
ID1634054606
251 Little Falls Drive
Wilmington, New Castle, DE, 19808
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Live in America – Washington D.C./Baltimore Regional Center LLC
ID1304651086
50 Main Street, Suite 1410
White Plains, NY 10606 -
Maryland Center for Foreign Investment, LLC
ID1031910002
10440 Little Patuxent Pkwy #570,
Columbia, MD 21044
-
Maryland Global Regional Center, LLC
ID1335851436
8830 PINEY BRANCH RD, 512
SILVER SPRING 20903, MD
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Mid-Atlantic Regional Center
ID1434252044
114 East Lexington Street,
Baltimore, MD, USA
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Northeast Regional Center, Inc.
ID1328051229
1835 Main Street Suite #101
Weston, Florida 33326
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Oriental Dolphin EB-5 Regional Center
ID1034850134
77 West St Annapolis,
Maryland, 21401
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BC East Coast Regional Center LLC
ID1114050206
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Washington American Investments, LLC
ID1627354435
Washington St., Suite 212,
Hagerstown, MD, 21740
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Westmill Mid-Atlantic Regional Center LLC
ID1033650029
1519 Connecticut Ave NW Ste 200
Washington, DC 20036-1121