EB-5 Programs require a USD $1,800,000 investment in metro areas. EB-5 Programs require a USD $900,000 investment in a TEA or Rural Area.
TEA Definition: High-Unemployment Areas
Under the new regulations published by the U.S. Department of Homeland Security and went into effective on November 21, 2019, a Targeted Employment Area (TEA) can be either 1) a rural area or 2) a high-unemployment area.
According to U.S. Citizenship and Immigration Services (USCIS):
A high-unemployment area may be any of the following areas, if that area is where the new commercial enterprise is principally doing business and the area has experienced an average unemployment rate of at least 150% of the national average unemployment rate:
- An MSA (metropolitan statistical area);
- A specific county in an MSA;
- A county in which a city or town with a population of 20,000 or more is located; or
- A city or town with a population of 20,000 or more outside of an MSA.
A high-unemployment area may also consist of the census tract or contiguous census tracts in which the new commercial enterprise is principally doing business, which may include any or all directly adjacent census tracts, if the weighted average unemployment for the specified area based on the labor force employment measure for each tract is 150% of the national unemployment average.
It is important to note that, USCIS allows for a high unemployment area to be an area comprised of the project tract(s) and any or all of the directly adjacent tract(s), if the weighted average of the unemployment rate for all included tracts is at least 150% of the national average. With that, even if one census tract does not independently qualify as a TEA but it “touches” one or more high-unemployment tract(s), it could still meet the new TEA criteria as long as the weighted average unemployment rate of the entire area that consist of both the project tract and the directly adjacent census tract(s) is 150% or higher of the national average.*
*Source: IIUSA Invest In The USA
An EB-5 Program investment, either USD $1,800,000 or $900,000, must create, within two years, a combined total minimum of 10 permanent, full-time direct and indirect/induced U.S. jobs. Through a stringent due diligence process, investing through a project sponsored through NVEB-5 Regional Center helps assure that the project meets the minimum requirements set by the USCIS.
Due to NVEB-5’s designated geographic area, most NVEB-5 Projects are located in a TEA or Rural Area, thus requiring a $900,000.
For more information, visit: http://www.uscis.gov/