She added that she expects there will be changes in the way
targeted employment areas are looked at.
For example, some complain that savvy developers are gaming the system by connecting higher-end developments with lower-end housing projects in order to qualify projects in major cities as
targeted employment areas (TEAs).
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.
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.
The minimum investment amounts would be raised to $800,000 for investments in
targeted employment areas and $1.
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.
