The Ashcroft Sullivan New England Economic Development Center
Our Commitment
The U.S. government designates regional centers to receive EB-5 investor capital and develop projects that promote regional economic growth and job creation. The Ashcroft Sullivan New England Economic Development Center (“ASNEEDC” or “Regional Center”) received federal approval as a regional center in November 2015.
Ashcroft Sullivan New England Economic Development Center intends to offer qualifying investments in opportunistic, high-quality real estate and private equity projects for its EB-5 investors.
The Regional Center’s Scope
Approved Industry Codes
2361 - Residential Building Construction
2362 - Nonresidential Construction
5311 - Lessor of Residential Building
5413 - Architectural, Engineering, and Related Services
Ashcroft Sullivan New England Economic Development Cetner
Approved Geography
The Ashcroft Sullivan New England Economic Development Center approved New England counties: Bristol County, Norfolk County, Plymouth County, and Providence County.
Within the ASNEEDC geographic limits, it will focus on projects in Target Employment Areas (“TEA“). TEAs allow immigrant entrepreneurs to place $800,000 to create ten full-time direct or indirect jobs instead of the customary $1,050,000 for placement outside of a TEA.
The combined value of finding opportunities located both inside the Regional Center and inside TEA provides both:
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- Direct and indirect job credit; and
- A lowered investment threshold to $800,000 for the entrepreneur.
The Regional Center can only accept USCIS approved projects within the designated areas. As mentioned earlier, our target and goal is TEA projects, however, we are open to all EB-5 Projects within the geographical locations.
In addition, our Regional Center is approved to service portion of the Rhode Island as well. Our territory for Rhode Island is the Providence area.
These are the areas The Ashcroft Sullivan New England Economic Development Center can service. However, there are other Regional Centers in other states, city’s, and towns that can service those particular area. Eb-5 Investors should research the designated area of the project, the project, and the Regional Center before makeing an investment.
Overview
The Ashcroft Sullivan New England Economic Development Center (“ASNEEDC”) is a designated EB-5 Regional Center. The United States Citizenship and Immigration Services (“USCIS“) approved the ASEDC in November 2015. As an EB-5 Regional Center, our service is to assist EB-5 applicants with their application process and investment.
As a Federally designated regional center, our mission is to create new jobs in the New England regions, expand economic productivity, and help foreign entrepreneurs obtain permanent residency for themselves and their families.
Ashcroft Sullivan Economic Development Center collect and distribute EB-5 program job creation credits (both direct and indirect credits) to our participating foreign entrepreneurs to support their immigrant visa requirements. These job credits derive from our qualifying investments in real estate and private equity projects. Our projects are in New England.
Our Team
John Ashcroft
Principal
With a remarkable career spanning the realms of politics and law, John Ashcroft, the former U.S. Attorney General, Governor, and U.S. Senator, proudly holds the position of founder and Chairman at The Ashcroft Group and The Ashcroft Law Firm. As a principal figure, he brings unparalleled expertise and leadership, guiding our firm towards excellence and success.
David Ayres
Principal
As CEO of The Ashcroft Group, David Ayres leads the way, guiding the firm’s business strategies and establishing objectives that deliver exceptional results for our valued clients. With an unwavering focus on achieving success, David Ayres propels The Ashcroft Group forward, ensuring unparalleled service and maximum benefits for our clients.
Michael Sullivan
Principal
Michael Sullivan, a highly skilled professional with vast knowledge, serves as a guiding force at Ashcroft Sullivan New England Economic Development Center | EB-5. With expertise in government investigations, corporate compliance, ethics, corruption, health care, corporate security, policy, and regulation, Mr. Sullivan leverages his extensive experience and proficiency to deliver exceptional services to our valued clients.
Joseph Fitzpatrick
Principal
Joseph Fitzpatrick, one of the esteemed Founding Principals of 5 Capital Management (5CM), brings an impressive wealth of knowledge and expertise to the company. With over fifteen years of invaluable experience in finance, technology, real estate, and media venture capital, Mr. Fitzpatrick’s contributions are invaluable to our dedicated team at the Ashcroft Sullivan New England Economic Development Center | EB-5.
Debbie A. Klis
Legal Counsel
Debbie A. Klis is a highly skilled legal counsel specializing in transactional matters encompassing a wide range of business, securities, and tax issues. With her expertise, she has solidified her reputation as a trusted expert in the realm of investment management companies, particularly in the establishment and operation of EB-5 Regional Centers. At Ashcroft Sullivan New England Economic Development Center | EB-5, you can count on Debbie A. Klis to provide exceptional counsel and guidance for all your legal needs.
Title Town Advisers
Management
Title Town Advisers LLC is a dynamic marketing and management firm based in the thriving city of Boston, Massachusetts. Our team expertly co-manages The Ashcroft Sullivan New England Economic Development Center alongside its esteemed principals and legal counsel. With a keen focus on accounting, marketing, business structuring, strategies, and customer relations, we are dedicated to delivering exceptional results. Join us at the Ashcroft Sullivan New England Economic Development Center | EB-5, where growth and success are our primary objectives.
John Ashcroft
Principal
Former U.S. Attorney General, Governor, and U.S. Senator John Ashcroft serves as founder and Chairman of The Ashcroft Group and The Ashcroft Law Firm (together, the “Firm”).
Michael Sullivan
Principal
Mr. Sullivan is an expert in government investigations, corporate compliance, ethics, corruption, health care, and corporate security. In addition, he has extensive experience in policy and regulation.
Debbie A. Klis
Legal Counsel
Debbie A. Klis concentrates on transactional matters in an array of business, securities, and tax issues. She is known for her work with investment management companies, including the formation and operation of EB-5 Regional Centers.
David Ayres
Principal
As Chief Executive Officer of The Ashcroft Group, David Ayres sets the firm’s business strategies and establishes objectives that will achieve results for clients served by The Ashcroft Group.
Joseph Fitzpatrick
Principal
Mr. Fitzpatrick is one of the Founding Principals of 5 Capital Management (5CM). Mr. Fitzpatrick brings over fifteen years of experience to the company in finance, technology, real estate, and media venture capital.
Title Town Advisers
Management
Title Town Advisers LLC is a marketing and management firm based in Boston, Massachusetts. TTA co-manages The Ashcroft Sullivan Economic Development Center with its principals and legal counsel. The firm specializes in accounting, marketing, business structuring, strategies, and customer relations.
What is a EB-5 Regional Center?
An EB-5 Regional Center (“RC”) is an organization with special designation issued by the United States Citizenship and Immigration Services (“USCIS”), which allows the business to solicate and manage investors capital for approved projects. The Regional Center is seperate from the EB-5 investor and the project.
A Regional Center sole purpose is to assist the EB-5 applicant with their application process, source approved proejcts for investments, and manage the investment. It is a conduit between the two parties, making sure the project is creating the appropriate amount of jobs for the investment and the investor is focused on their application.
The Regional Center is legally allowed to market and solicate foreign investors in other countries such as China, India, Mexico, Brazil, Vietnam, Hong Kong, and many more. We promote the projects in certain countries and territories, communicate with the investor, explain the investment process, time line, and risk associated with the investment.