TXP EB-5 Experience
TXP has assisted over 30 clients with nearly 100 projects in establishing regional centers, identifying targeted employment areas (TEA), and responding to requests for evidence (RFE). TXP’s economic analysis was successfully used to establish regional centers, respond to RFEs, or obtain project approval.
Congress established the EB-5 Program in 1990 to bring new investment capital into the country and to create new jobs for U.S. workers. The EB-5 Program promotes the immigration of people who invest their capital in new, restructured, or expanded businesses and projects in the United States and help create or preserve needed jobs for U.S. workers by doing so.
In the EB-5 Program, immigrants who invest their capital in job-creating businesses and projects in the United States receive conditional permanent resident status in the United States for a two-year period. After two years, if the immigrants have satisfied the conditions of the EB-5 Program and other criteria of eligibility, the conditions are removed and the immigrants become unconditional lawful permanent residents of the United States.
To learn more about the EB-5 program, click HERE to visit the U.S. Citizenship and Immigration Services website.
Targeted Employment Areas
A targeted employment area is an area that, at the time of investment, is a rural area or an area experiencing unemployment of at least 150 percent of the national average rate.
A rural area is any area outside a metropolitan statistical area (as designated by the Office of Management and Budget) or outside the boundary of any city or town having a population of 20,000 or more according to the decennial census.
TXP maintains a national census tract level unemployment rate database and GIS map to help clients identify qualifying targeted employment areas (TEAs). The census tract level unemployment data is from the American Community Survey 2012-2016 5 year average. Census tracts qualifying as TEAs have an unemployment rate of 7.28% or 150% the 2016 annual BLS national average (4.85%).
In the Texas map below, qualifying TEAs are highlighted in blue. Enter an address in the search bar in the top right corner of the map or zoom and pan the map to your area of interest. Please contact TXP if you need a map of another state or region.