Federal Reserve Bank of New York, Commonwealth of Puerto Rico Regional Center to Co-Host EB-5 Forum in San Juan on February 13

On February 13, The New York Fed along with IIUSA-member Commonwealth of Puerto Rico Regional Center will be co-hosting an event in San Juan, Puerto Rico titled, “Forum on the EB-5 Economic Development Program.” The half-day event will convene stakeholders to discuss how EB-5 is being used to benefit communities in Puerto Rico and beyond. The moderator of the forum is Carolyn S. Lee, Compliance Committee member and Attorney of Counsel at Miller Mayer LLP. Speakers include IIUSA Director Bill Gresser (President, EB-5 New York State) and Association Building Committee member Michael Bailkin (Of Counsel, Akerman LLP). The event is broken into three parts: overview, deal structuring, and EB-5 availability. To read the full agenda, click here.

The event is free to attend. Register today.

Federal Reserve Bank of New York’s Relationship with Puerto Rico 

The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States and is responsible for the Second District of the Federal Reserve System, which encompasses New York state, the 12 northern counties of New Jersey, Fairfield County in Connecticut, Puerto Rico and the U.S. Virgin Islands.

Source: newyorkfed.org

The New York Fed is committed to the people of Puerto Rico and to the future growth and prosperity of the Commonwealth which is reflected in their ongoing work with many partners on the Island and in the research conducted by NY Fed economists, who monitor local economic conditions and analyze issues that affect the Island’s economy.

In July 2014, the New York Fed published a report titled, “An Update on the Competitiveness of Puerto Rico’s Economy” which highlight the key challenges and opportunities in raising economic growth in Puerto Rico. This was an update to a comprehensive 2012 study on the economic performance of Puerto Rico.