Follow EmpireStateEB5 on Twitter
Follow EmpireStateEB5 on Twitter 1. 2.

Friday, August 12, 2011

What is Targeted Employment Area (TEA)?



 A Targeted Employment Area (TEA) is defined by law as “a rural area or an area that has experienced high unemployment of at least 150 percent of the national average.”

'Rural Area' - means any area not within either a metropolitan statistical area (as designated by the Office of Management and Budget) or the outer boundary of any city or town having a population of 20,000 or more.

A Targeted Employment Area (TEA) for EB-5 Visa purpose allows $500,000 USD investment rather than the regular $1 Million USD.

The USCIS Regional Center designation allows the requisite job-creation to be indirect and induced, as well as direct. When you have a Targeted Employment Area within a Regional Center you get a EB-5 project that requires $500,000 USD and allows job-creation to take place through directly and indirectly, but sometimes all indirectly.

No comments:

Post a Comment

Follow EmpireStateEB5 on Twitter