EB5 Affiliate Network State of Alabama Regional Center
Geographic Coverage: All 67 Counties in the State of Alabama
Click here now to learn more about becoming a business affiliate
Benefits of Affiliation with Our Alabama EB-5 Regional Center
Immediate Ability to Raise EB-5 Capital in Alabama
Business affiliates of EB5 Affiliate Network, including our Alabama EB-5 Regional Center, can immediately begin raising EB-5 investment funds in any of the designated geographic areas that comprise our regional centers. Click here to view our official approval listed on the United States Citizenship and Immigration Services Website.
Indirect Job Creation Calculations
Business affiliates of our regional centers can calculate job creation through both direct and indirect job methodologies, leading to higher job creation figures than direct non-regional center calculations of actual payroll employees.
Regional Center Affiliation Process
The affiliation process can be a fast solution and a great fit for those looking to begin a project immediately.
Our experienced team will work with you to understand if EB-5 is a good fit for your project and if you qualify to affiliate with our regional centers.
Please click here to learn about the full benefits of affiliation and how the affiliation process works.
Let Us Create Your Own Alabama EB-5 Regional Center
Our Team Will Complete Your I-924 Application for an Alabama EB-5 Regional Center in 3 Weeks
EB5AN has obtained full state regional center coverage in multiple states and has completed more than 100 USCIS-compliant business plans and economic impact studies. The I-924 application process is complicated and requires legal expertise, economic analysis, business plan creation, and an understanding of how USCIS adjudicates applications.
EB5AN has the internal resources to assemble all required aspects of an I-924 application. Additionally, we have extensive experience with I-924 applications and understand all the key components and common pitfalls.
There are various approaches to take when filing an I-924 form; please contact us to learn more about the process and how we can work together to get your regional center approved quickly by USCIS.
Targeted Employment Area (TEA) Approval Letter in Alabama for EB-5 Alabama Regional Center Projects
Please visit our EB-5 TEA Map to determine whether your Alabama EB-5 regional center project is located in a census tract that automatically qualifies as a TEA.
To learn more about how USCIS reviews TEA designations and why it is important to obtain a TEA designation for an EB-5 project, please visit our main page on Targeted Employment Area (TEA) Designation.
Once you determine whether your Alabama EB-5 regional center project is located in a TEA, you can request a formal TEA designation letter from the appropriate Alabama state agency. To view a list of all state agencies that issue EB-5 TEA letters, please visit EB-5 TEA State Agencies.
For easy-to-follow instructions on how to obtain an official EB-5 TEA letter, please visit How to Get a TEA Letter. Here you will also find a set of sample materials, including an official TEA letter and a set of analyses completed in support of a TEA letter request to a state agency certified to issue EB-5 TEA letters.
If you still need assistance with getting an official EB-5 TEA letter for your EB-5 regional center project in Alabama, please contact us directly by phone at 1-800-288-9138 or via e-mail at firstname.lastname@example.org.
About the State of Alabama and the Economic Climate of Our EB-5 Alabama Regional Center
Our Alabama EB-5 regional center was created to provide an investment vehicle for qualified foreign investors seeking to obtain permanent resident status in the United States of America through an investment in a USCIS-approved EB-5 Regional Center with geographic coverage of all 67 counties in the state of Alabama.
The EB-5 Regional Center Program has been endorsed by Alabama Governor Kay Ivey, Senator Doug Jones, Senator Richard Shelby, and several United States Congressmen representing districts within the state of Alabama as a great opportunity for the United States economy and for foreign investors looking to immigrate to the United States of America and invest in a USCIS-approved Alabama EB-5 regional center such as the EB5 Affiliate Network State of Alabama Regional Center.
Alabama: Population and Income Demographics
According to the 2010 U.S. Census, the state of Alabama had a population of approximately 3.9 million people over the age of 16. Within this group, approximately 2.2 million people are in the labor force, with 2.0 million who are employed and 0.2 million unemployed. These population numbers represent approximately 1.9 million households in the state of Alabama.
Alabama: Unemployment Trends
Unemployment statistics for the state of Alabama in 2018 show average unemployment at 4.5%. Monthly unemployment rates in the state of Alabama were ~4.0% for all three months in the third quarter of 2018.
The state of Alabama covers an area of 52,419 square miles, with a width of 190 miles and a length of 330 miles. This implies a population density of 94.4 people/square mile, which makes Alabama the 27th-most densely populated state in the United States.
The capital of the state of Alabama is Birmingham, the largest city is also Birmingham, and the largest metro area is the Birmingham metro area. The gross domestic product (GDP) of the state of Alabama in 2010 was $171 billion. This implies a CAGR ’00–’10 rate of 4.51% and a per capita GDP of $35,913. Alabama has the 27th-largest economy in the United States today by GDP.
In the 20th century, manufacturing, healthcare, retail, education, hospitality, construction and professional services have contributed to the state of Alabama’s economic development.
The Alabama economy is driven almost entirely by its 12 metropolitan areas. In 2004, they had a combined total of 95.7% of the state of Alabama’s domestic product.
Alabama State Government & EB-5 Investment Financial and Employment Statistics
Alabama: Real GDP for 2011–2014
From 2011–2014, Alabama GDP grew by 1.8%, with an average annual GDP growth of 0.6%. In 2014, Alabama real GDP was $0.177 trillion, ranked 26th in the U.S. 2015–2016 saw the largest percent change in GDP at 1.3%, signaling a strong and growing economy.
Alabama: Total Personal Consumption Expenditures (2012–2014)
Personal consumption expenditure is the primary measure of consumer spending on goods and services and is a primary engine driving economic growth. Alabama personal consumption expenditures grew from $0.137 trillion in 2012 to $0.145 trillion in 2014. From 2013–2014, total personal consumption expenditure grew by 2.7%.
Alabama: State Government Finances (2013)
In 2013, the government of Alabama collected $9.91 billion and spent $26.47 billion, resulting in a difference of $16.56 billion. Revenue is sourced from federal and local taxes, sales tax, and individual and corporate taxes. Expenditures include education, welfare, highways, police, and other social services.
Alabama: Total Economic Impact of EB-5 Investments (2013)
In Alabama, EB-5 investment has supported the direct creation of 1,460 jobs. These jobs were the result of roughly $123.54 million in direct investment from EB-5 projects, contributing $170.77 million to the state’s GDP. EB-5 investment in Alabama also contributed $14.75 million to federal revenue and $7.34 million to Alabama state government and local municipal revenue.
Alabama: New Privately-Owned Housing Units Authorized by Building Permits in Permit-Issuing Places
Since 2009, Alabama has seen an increased growth of privately-owned housing units both in new buildings and housing units. In 2014, roughly 11,834 privately owned units were authorized by building permits. Most of these units are constructed in Alabama’s largest cities, which include Birmingham, Montgomery, Mobile, Huntsville, and Tuscaloosa.