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.
TXP maintains a national census tract level unemployment rate database and GIS map to help clients identify qualifying targeted employment areas (TEAs).