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TEA

A Targeted Employment Area (TEA) is an area that is subjected to a decrease in the amount of money invested by EB-5 investors. TEA are locations with high unemployment rates (at least 150% of the national average) or are rural areas (a population of less than 20,000 and outside of a metropolitan area). If a business is located in such areas, EB-5 investors may qualify to invest only $900,000 rather than the usual $1.8m. TEA are often considered as a prime target area for EB-5 investments.

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EB-5 Program Update:

The EB-5 Program has lapsed. The US Congress is discussing the legislation that authorizes the program while USCIS reviews the regulations and policies for filing. Because of the recent court ruling that reversed the 2019 Modernization regulations, the investment level has shifted temporarily from $900,000 back to $500,000.

If the program is reauthorized before the regulations are updated, there may be another window of opportunity to file at $500,000.

LCR expects the program to be reauthorized in February 2022, and continues to work with international families that want to explore alternative residency options.

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