Targeted Employment Area

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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.
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"The changes will raise the investment amount, change the way targeted employment areas are calculated and essentially make the program harder to participate in than it already is," said Sam Newbold, an EB-5 specialist at the law firm Chiesa, Shahinian & Giantomasi.
New EB-5 regulations could capsize program, say experts
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).
New draft legislation seeks to save the EB-5 Regional Center Program
The qualifying minimum investment generally is $1 million; however, an investment of $500,000 may qualify for investments within certain high-unemployment or rural areas, also known as targeted employment areas.
Coming to America: U.S. immigration laws and the challenges facing immigrant franchisees: for franchise systems with immigrant-friendly policies, the immigrant community represents a pool of qualified, entrepreneur-spirited individuals, and a pathway to system growth
Many of these credits are based on targeted employment areas. The boundaries of these areas tend to change over time as census data is accumulated and qualification requirements get modified.
In the Zone: Enterprise Zone credits offer businesses tax breaks that make a difference
She added that she expects there will be changes in the way targeted employment areas are looked at.
EB-5 overhaul on cards, says Berman
The minimum investment amounts would be raised to $800,000 for investments in targeted employment areas and $1.2 million for investments in non-TEAs (presently $500,000 and $1 million, respectively).
Looking ahead: EB5 program reform
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