The Ashcroft Sullivan Economic Development Center
Overview
The Ashcroft Sullivan Economic Development Center (“ASEDC”) 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 Commitment
Ashcroft Sullivan Economic Development Center
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 Economic Development Center (“ASEDC” or “Regional Center”) received federal approval as a regional center in November 2015.
Ashcroft Sullivan 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
Approved Geography
The Ashcroft Sullivan Economic Development Center approved New England counties: Bristol County, Norfolk County, Plymouth County, and Providence County.
Within the ASEDC 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:
- direct and indirect job credit; and
- a lowered investment threshold to $800,000 for the entrepreneur.
Our Team
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”).
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.
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.
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.
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.
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.
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 Regional Center?
A Regional Center (“RC”) is a special designation issued by the United States Citizenship and Immigration Services (“USCIS”). It provides services to foreign EB-5