Targeted Employment Area

(redirected from Targeted Employment Areas)

Targeted Employment Area

In the United States, a rural area or a place with an unemployment rate more than 150% of the national rate. Immigrants who wish to start businesses in a targeted unemployment area are given preferential treatment for the issue of visas. It is abbreviated as TEA.
References in periodicals archive ?
The US Citizenship and Immigration Service sets aside 10,000 visas for immigrants investing $500,000 or more in Targeted Employment Areas (TEA) to create new jobs in American businesses and enhance the economy.
Under the US EB-5 program, qualified foreign investors may obtain a provisional green card to relocate to the United States by investing $500,000 in Targeted Employment Areas into a project that creates at least 10 jobs (direct, indirect or induced) per investor.
Many of these credits are based on targeted employment areas.
A foreign investor invests either $500,000 (for Targeted Employment Areas such as Cleveland) or $1 million (for other areas nationally) into a project.
If the targeted employment areas are approved, businesses will still be eligible for those credits for workers hired through JPTA or GAIN who do not reside in the targeted areas.
Enterprise Zone companies may also earn tax credits by hiring people participating in the Workforce Investment Act or CalWORKS programs, who live in a designated low to moderate areas known as Targeted Employment Areas, or have other specific barriers to employment.
Full browser ?