Substantial job creation per investor underpin the Villa Roma EB-5 opportunity.
Each $800,000 EB-5 investment must create at least 10 jobs. Based on the PIP budget and economic analysis, the project is expected to generate substantially more jobs than required, providing a meaningful cushion for investors.
The Villa Roma project will redevelop the resort hotel, apartments, recreational facilities, and common areas, and construct a new conference center. The resort has 139 hotel guestrooms and 232 serviced hotel apartments that will be completely refurbished with updated designs and amenities.
The total applicable employment impact in the region was estimated at 777 jobs, including 528 jobs for redevelopment/construction activities and 249 jobs for resort operations through the third year.
Renovations will occur from Dec 2025 through Dec 2027 (25 months). The Resort will remain open during the Renovations. The Renovations will involve a complete refurbishment and upgradation. As such job creation will remain consistent with potential refurbishment and upgradation costs per investor per scope of works carried out.
Job creation estimates include direct (job creation), and indirect (activity generated from intermediate purchases through the industry supply chain), and induced (activity generated from employee household spending) effects of the Project in the local community, using an expenditure-based approach (based on project revenues and/or construction spending).
Because job creation projections are expenditure-based, investor job creation satisfaction, generally requires showing only that funds were spent as described in the approved project business plan and Form I-526 petition.
Enter a number of EB-5 investors to see estimated jobs created, minimum required jobs (at 10 per investor) and job cushion.
Total job creation is capped at 770 jobs, including a fixed 7-job compliance cushion. Calculator shows conservative, EB-5-aligned estimates.
At the full $51.2 million PIP budget, the project’s economist estimates approximately 777 jobs will be created, versus a requirement of 640 jobs at the same investment level. This equates to a job cushion per investor of 12.14 jobs vs. the 10-job minimum.
The majority of these jobs are driven by direct construction spending, followed by indirect and induced jobs from ongoing operations. The PIP’s renovation-heavy scope and defined 25+ month construction timeline support faster and more reliable job creation for EB-5 purposes.
The project regional study area includes Sullivan, Orange, Ulster, and Delaware counties and captures 91% of workers traveling to Sullivan County. Total workforce employment is estimated at 348,583 jobs and Gross Regional Product (GRP) of $31.50 billion.
Source: MapChart
| State | County Name | Workers in Commuting Flow | Cumulative % |
| New York | Sullivan County | 21,603 | 79.62% |
| New York | Orange County | 1,706 | 85.90% |
| New York | Ulster County | 846 | 89.02% |
| New York | Delaware County | 502 | 90.87% |
Source: U.S. Census Bureau, Census county-to-county worker flows, averages for 2016-20.
Qualifying Targeted Employment Area (TEA)
A TEA is defined under federal law as an area with an unemployment rate at least 1.5 times the national average for the recent annual reference period, or a rural area (outside a metropolitan statistical area and outside the boundary of any city with a population of 20,000 or more).
The project location qualifies as a Rural TEA because Sullivan County, New York is not part of any metropolitan area.
Summary of economic impacts and EB-5 investor potential for development and operations of the Villa Roma Resort in Callicoon, New York, within the Project study area.
| Activity | Impact Type | Employment (Jobs) | Labor Income | Value Added | Output |
|---|---|---|---|---|---|
| Development | Direct Effect | 232 | $13,354,375 | $18,713,918 | $44,719,550 |
| Indirect Effect | 80 | $4,147,253 | $7,827,022 | $14,931,877 | |
| Induced Effect | 215 | $12,595,531 | $21,073,151 | $32,708,063 | |
| Total Effect | 528 | $30,097,159 | $47,614,091 | $92,359,490 | |
| Operating Revenues | Direct Effect | 146 | $3,912,896 | $8,831,306 | $14,074,246 |
| Indirect Effect | 17 | $818,789 | $1,432,132 | $3,005,264 | |
| Induced Effect | 86 | $5,278,383 | $8,504,443 | $12,902,379 | |
| Total Effect | 249 | $10,010,067 | $18,767,881 | $29,981,889 | |
| Total (Development + Operations) | 777 | $40,107,226 | $66,381,972 | $122,341,379 | |