LEGAL Law Blog Attorney Ramona Kennedy

Understanding EB-5 Investments and Targeted Employment Areas (TEA)

Introduction: EB-5 investments primarily target areas designated as Targeted Employment Areas (TEA) or rural regions, aimed at bolstering economic stability and viability in communities facing high unemployment rates. TEA Mapping Tool: Utilize the TEA mapping tool to ascertain eligibility criteria for each census tract across the United States, featuring updated data crucial for determining if…

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Introduction: EB-5 investments primarily target areas designated as Targeted Employment Areas (TEA) or rural regions, aimed at bolstering economic stability and viability in communities facing high unemployment rates.

TEA Mapping Tool: Utilize the TEA mapping tool to ascertain eligibility criteria for each census tract across the United States, featuring updated data crucial for determining if your address qualifies as a targeted employment area.

Requirements of TEA:

  • Location with significantly higher unemployment rates than the national average.
  • Unemployment rates at least 150% higher than the national average at the time of investment.
  • Poverty rates reaching at least 20%.
  • Family income not exceeding 80% of the statewide average family income.
  • Residing in a rural area, not within large cities with populations exceeding 20,000 people.
  • Demonstrate that the investment will be located in a TEA-compliant area.
  • Showcase creation of 10 new jobs, directly or indirectly.
  • Standard minimum investment of $800,000.

Benefits of EB-5 Visa: EB-5 visa holders enjoy the freedom to reside anywhere within the United States, provided they meet the qualifying criteria. This flexibility allows investors to live, work, and establish businesses in areas of their choosing.

Obtaining a Green Card: Upon EB-5 approval, recipients become eligible to receive Green Cards, enabling residency in the United States. Dependents, including spouses and children, can also be included in the application process.

Legal Advice and Consultation: Seek guidance from experienced attorneys to assess eligibility for TEA within the EB-5 employment visa. Qualified legal professionals can provide tailored advice and aid in making informed decisions regarding EB-5 investments.

Disclaimer: This blog provides information and does not constitute legal advice or establish an Attorney-Client Relationship. Contact the law offices of attorney Ramona Kennedy for further assistance.

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For personalized legal guidance, Attorney Ramona Kennedy offers free initial legal consultation in English and Farsi (Persian) to address your legal concerns effectively

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