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Entrepreneur Sandra Dyche Explains the Genesis of the New York City Regional Center

In Business on August 5, 2013 at 7:58 am

Sandra-Dyche%3DNY-Center-Regional-CenterAs a co-founder of the New York City Regional Center (NYCRC), Sandra Dyche led the charge in developing the organization’s core values. Sandra Dyche also headed the movement to seek federal approval from the U.S. Citizenship and Immigration Services (USCIS).

Presentation Solutions: What is the NYCRC?

Sandra Dyche: The NYCRC is the first EB-5 Regional Center, and it funds a variety of economic development projects in New York City. Each NYCRC project is located within one of the four major boroughs of New York City (Queens, Brooklyn, Manhattan and the Bronx). The NYCRC offers loans to larger real estate projects.

Presentation Solutions: Where is the NYCRC located?

Sandra Dyche: The central office is based in Manhattan, with an additional office in Shanghai.

Presentation Solutions: What is a regional center?

Sandra Dyche: Regional centers are units with U.S. federal government approval that are designed for foreign investors. Regional centers may incorporate either a major city or a region of a state. Right now, there are more than 240 regional centers across the country.

Presentation Solutions: Who supervises the NYCRC?

Sandra Dyche: All activities related to the NYCRC are supervised by USCIS, a division of Homeland Security. In 2008, the NYCRC earned full approval from USCIS and continues to receive government approvals for its investor petitions.

Presentation Solutions: How does a regional center help the economy?

Sandra Dyche: The principals of the NYCRC have extensive knowledge of industries such as urban planning, government, law and real estate. This expertise leads to secure foreign investments, resulting local job creation and tax revenue.

Presentation Solutions: What countries have participated in the NYCRC?

Sandra Dyche: Germany, Italy, China, Canada, Mexico, South Korea, Brazil, Russia, Taiwan, Nigeria, Indonesia, Venezuela and Japan have all had individuals participate in NYCRC projects.

Presentation Solutions: What kinds of projects have been completed through the NYCRC?

Sandra Dyche: Completed projects have included infrastructure, hotels, restaurants, retail stores, civic and office buildings, sports and entertainment buildings, light industrial and warehouse facilities, medical facilities, and mixed-use facilities, both commercial and residential.

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