- What are the protections and guarantees in the Berkeley Regional Center EB-5 projects?
- Can I travel outside the U.S. after I receive my permanent residency?
- How many family members can immigrate through EB-5 investment?
- Is approval of my application for U.S. Citizenship after 5 years guaranteed?
- Is EB-5 a passive investment?
- How Long Should an EB-5 Investor Remain in the United States Each Year?
- If an investor has EB-5 visa and conditional green card, does he/she need to stay in the US for a minimum number of days in the first 2 years in order to gain a permanent green card? How about his/her dependents?
- What is a reentry permit?
- Can Adopted Children immigrate with me on EB-5?
- Accredited Investor
- For EB-5, What is Considered a Commercial Enterprise?
- Are there any nationality restrictions for EB-5 applicants?
- USCIS requires EB-5 investments to be “At-Risk”, so how do your projects have guarantees?
- What are the Investment Requirements for EB-5?
- Can an Investor Apply if They Have Been Rejected or Terminated in the Past by USCIS for a Previous Visa?
- May two or more investors qualify for immigration based upon a pooled investment in a single business?
- What is the I-526 Petition?
- There is a background check required for EB-5 investment, what information is USCIS concerned with?
- What Can Disqualify an Investor from Participating in the EB-5 Program?
- What is an EB-5 I-526 Petition?
- What is an I-829 Petition?
- What is a I-485 Petition
- What are the various forms and petitions for EB-5 investments?
- Targeted Employment Area
Source of Funds
- Can a Loan Be Used to Supplement My EB-5 Capital Investment?
- Can I use a Bank Loan?
- What documents need to be translated when filing the I-526 petition?
- Can I Use a Gift as My Source of Funds?
- Who can gift me funds for my $500,000 investment?
- Can I Use 401(k) funds for EB-5 Investment?
- What is the Source of Funds report?
- 5 Things EB-5 Investors Can Do Preparing for Their Source of Funds Report
- Partial Payments
- Job Creation
- Regional Center
- EB-2 / EB-3
What is a Target Employment Area
Getting an EB-5 project a targeted employment area (TEA) designation can be incredibly important for EB-5 investors. The required EB-5 investment amount is lowered from $1 million to $500,000 dollars if the EB-5 project is conducted in a targeted employment area. In order to be designated as a TEA, the EB-5 project must be located in either a rural area or in a location that has high unemployment. Targeted employment area designation is requested within the EB-5 investor’s I-526 petition. If you invest in a regional center, they will let you know if their projects are located in a TEA.
What is a TEA rural area?
There is a specific set of criteria that an EB-5 project location must meet to qualify as a TEA rural area. Rural areas must not be within a metropolitan statistical area as labeled by the U.S. Office of Management and Budget. A rural area must also not be on the outskirts of a town or city that has a population of 20,000 residents or more as determined through the U.S. Census. If the project location is a rural area at the time of the EB-5 investment, then it may be designated as a TEA.
What is a TEA high unemployment area?
An EB-5 project location must experience an unemployment rate of at least 150 percent of the U.S. national average to receive TEA designation due to high unemployment. High unemployment areas must also be in a county or metropolitan statistical location that has a population of 20,000 residents or more. An EB-5 project can receive TEA designation if the principal location of the project is located in a high unemployment area at the time the EB-5 investment is made.
How to get TEA Designation
Targeted employment area designation is adjudicated as part of the I-526 application. The EB-5 visa applicant must provide sufficient evidence that their project is located within a rural or high unemployment area by submitting a TEA designation letter to USCIS. There are several forms of evidence that can be used to prove that the EB-5 investment will be administered within a TEA. Some tips for acquiring sufficient TEA designation evidence includes:
- Contacting the U.S. Bureau of Labor Statistic’s Local Area Unemployment Statistics (LAUS) office to obtain published technical bulletins
- Getting a letter from state government body to provide rural area or high unemployment area evidence
- Providing other statistical documentation
If the EB-5 investment meets the $1 million threshold, there is no need for state involvement in the TEA designation process. If, however, the investment is made at the $500,000 state involvement may be necessary, though it is not essential. TEA designation can be pursued in one of two ways:
- TEA designation through USCIS Designation by USCIS requires the applicant to submit evidence (examples given above) that the location of the new commercial enterprise in which the applicant is investing has an average unemployment rate of 150 percent of the national average.
- TEA designation by the state government The applicant can submit a letter from an authorized state government body stating that the location of the new commercial enterprise has been designated a high unemployment area.
Some states provide a certified list of targeted employment areas that have already been identified (listed below), but certifications are still issued on an individual basis.