Immigrants Contribute 22% of New York's GDP

Recently, according to the World Journal, the Mayor's Office of Immigrant Affairs (MOIA) of New York City released its first annual report on immigration in New York City titled "State of Our Immigrant City" on the 19th local time. The report details that immigrants contribute 22% of New York's GDP, with Chinese immigrants accounting for more than 10% of the city's immigrant population.

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  Recently, according to the World Journal, the Mayor's Office of Immigrant Affairs (MOIA) of New York City released its first annual report on immigration in New York City titled "State of Our Immigrant City" on the 19th local time. The report details that immigrants contribute 22% of New York's GDP, with Chinese immigrants accounting for more than 10% of the city's immigrant population.

 

  The Mayor of New York City pointed out that immigrants are the most important cornerstone of the city. In the context of increasingly tightening federal immigration policies, the release of this report aims to clearly present the contributions of immigrants to New York City with concrete data and facts. The city government also commits to continue strengthening immigrant power and protecting immigrant communities.

 

  The report indicates that as of 2017, 3.1 million immigrants consider New York City their home, reaching a historic high in the city's immigrant population. Immigrants are the backbone of New York City's economy, with over half, 52%, of businesses owned by immigrants. Immigrants contribute 22% of the city's GDP, with a quarter of them working in education, healthcare, and service industries. The report also states that New York City will open its doors to immigrants through various means, committing to provide multilingual services in all municipal services and promoting immigration legal assistance services such as ActionNYC.

 

  We can also see that immigrants have made significant contributions to New York, and New York is a city that embraces immigrants with open arms. It is well-known that New York City is the world's largest economic center, often referred to as the capital of the world. In fact, for many, New York is not only a destination for investment and tourism but also one of the top choices for establishing a second home abroad.

 

  Planning your life, establishing a second home overseas in New York can be achieved through the EB-5 investment immigration program. This method is popular among Chinese investors due to its advantages such as no language requirements, relatively low capital investment, refundable funds, and free access to high-quality education for children. Of course, choosing a quality project is key when immigrating to the United States through the EB-5 investment immigration program.

 

  Currently, the Manhattan 9 Luxury Boutique Hotel project, exclusively represented by WorldWay Immigration in the Greater China region, is a rare quality project on the market. The Manhattan 9 Luxury Boutique Hotel project is the only project in Manhattan that is expected to shorten the waiting period and has first-priority repayment. This project has unique and unparalleled advantages, greatly safeguarding the interests of investors.

 

  Project Advantages

 

  ● The first EB-5 project in Manhattan that meets the definition of "City Priority Investment Area" under the legislative proposal, expected to shorten the visa waiting period.

  ● A rare first-priority repayment EB-5 project in Manhattan.

  ● High equity investment ratio from the developer, low debt ratio.

  ● Strong refinancing capability of the project.

  ● Ample employment opportunities, guaranteed completion.

  ● The project has already commenced, and some jobs have been created.

  ● Adheres to extremely high compliance standards in the industry, ensuring high transparency in the supervision and use of EB-5 funds.

  ● If an investor's I-526 is denied, a wholly-owned subsidiary of the developer provides a refund guarantee.

  ● Excellent geographical location with strong market demand.

  ● Top developer DLJ collaborates with EB-5 and WorldWay Immigration again after the Four Seasons Hotel Resort project, forming a strong partnership.

 

WorldWay Immigration Group experts remind everyone that the current EB-5 investment immigration policy, which allows for immigration to the United States with an investment of only $500,000 and low entry barriers, will expire on September 30. Additionally, the timeline for the immigration bureau's price increase and administrative reform regulations is approaching. In this situation, for those in need of a green card, please cherish the opportunity to immigrate to the United States at a low cost! Quickly secure WorldWay Immigration's quality EB-5 project. Invest quickly to catch the "last train" of the $500,000 low-threshold immigration policy! Hotline for the Manhattan 9 Luxury Boutique Hotel project: 400-138-2929.

Investment involves risks, the above information is for reference only

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