The EB-5 Visa Program – Understanding the Designated Targeted Employment Areas

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The EB-5 Visa Program – Understanding the Designated Targeted Employment Areas

If you are looking to apply for the EB-5 investor visa program, you have to understand a designated targeted employment area (TEA) plays a vital role for acquiring citizenship in the U.S. Apart from meeting the investment requirements, you need to establish your project in a location with high rates of unemployment or a rural area. If you wish to learn more about it, read on.

Understanding TEA for High Unemployment and Rural Areas

There is a specific set of requirements which need to be met, so that the project is considered a TEA in a rural area. Apart from being able to invest a minimum of $500,000, you have to ensure the project is established away from metropolitan areas. However, this does not necessarily mean it has to be located on the outskirts of a town or a city. Moreover, the locale should have a population above 20,000.

On the other hand, you will need to invest a million dollars if the area you have selected faces high unemployment. The requirement regarding the rate of unemployment is 150%. The project should be located in a metropolitan or in a county and needs to have a minimum population of 20,000 in order to qualify.

Acquiring TEA Designations

You have to keep in mind that the designation of TEAs is based and adjusted in accordance with the I-526 application. You will have to provide the required documentation and evidence proving that the project is going to be located in a rural or a high unemployment area. The application will have to be submitted to the USCIS. But you have to consider the fact that there are several forms of evidence which can be considered to back up your project in terms of administration within a TEA. You can acquire the necessary evidence by:

  • Obtaining the published technical bulleting from the US Bureau of Labor Statistics
  • Offering other forms of statistical documentation which proves your case
  • Asking for a letter from the State government body to provide the necessary evidence for a high unemployment or rural area

If you do manage to meet the million-dollar threshold, you do not have to worry about state involvement during the TEA process. But if your investment is lower than $500,000, state involvement may be obligatory even though it is not mandatory. You can pursue a TEA designation by:

  • Submitting a letter which has been verified by the authorized state government body. The letter will include relevant details like the location of the new commercial entity for a high unemployment area.
  • Providing justifiable evidence which can prove the new commercial entity is investing in an unemployment area at the rate of 150% the national average.

Existing Designated TEAs

That being said, you have to consider the fact that a number of states have already provided a certified list of TEAs, including California, Florida, Idaho, Kansas, Georgia, and Washington. But certifications are issued individually.

Now that you have a better understanding of the TEAs, you can prepare yourself to improve your chances of qualifying for an EB-5 Investor Visa.

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