EB5 Affiliate Network State of Alabama Regional Center
Geographic coverage: All 67 counties in the State of Alabama
View the official regional center designation letter for the EB5AN Alabama Regional Center.
Contact us now to learn more about becoming a business affiliate.
Benefits of Affiliation with the EB5AN Alabama 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 USCIS-approved regional centers.
Indirect Job Creation Calculations
Business affiliates of our regional centers can calculate job creation through both direct and indirect job methodologies. This leads to higher job creation figures than direct non-regional center calculations of actual payroll employees.
Regional Center Affiliation Process
The regional center affiliation process can be a fast solution and a great fit for those looking to begin a project immediately. The benefits of affiliating with a regional center make this an excellent choice for many project developers.
Our experienced team will work with you to understand whether EB-5 funding is a good fit for your project and whether you qualify to affiliate with our regional centers.
Let Us Help You to Create Your Own Alabama EB-5 Regional Center
Our Team Will Complete Your I-924 Application for an Alabama EB-5 Regional Center in Three 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) Qualification Report 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’s location qualifies as a rural or high unemployment targeted employment area (TEA).
Click image to view the TEA map and instantly download a free TEA qualification report.
Because TEA designation is crucial to the success of many EB-5 projects, it is important to understand how USCIS reviews TEA designation requests. Once you determine whether your Alabama EB-5 regional center project is located in a TEA, you can prepare a TEA report yourself. The free downloadable report available through the EB5AN TEA map is also suitable for submission to USCIS.
If you still need assistance with preparing your EB-5 TEA report for your EB-5 regional center project in Alabama, please contact the EB5AN team directly by phone at 1-800-288-9138 or via e-mail at firstname.lastname@example.org, or simply order an EB-5 TEA Qualification Report.
About the State of Alabama and the Economic Climate of Our EB-5 Alabama Regional Center
The EB5AN 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 through an investment in a USCIS-approved EB-5 regional center with geographic coverage of all 67 counties in the State of Alabama.
Historically, several elected Alabama public officials, including senators and congressional representatives, have endorsed the EB-5 regional center program as a great opportunity for the U.S. economy and for foreign investors who want to immigrate to the United States and invest in a USCIS-approved Alabama EB-5 regional center such as the EB5 Affiliate Network Alabama Regional Center.
Alabama: Population and Income Demographics
According to the 2010 U.S. Census, Alabama has 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 who are unemployed. These population numbers represent approximately 1.9 million households in the state.
Alabama: Unemployment Trends
Unemployment statistics for 2018 show average unemployment in Alabama at 4.5%. Monthly unemployment rates were around 4.0% for all three months in the third quarter of 2018.
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 per square mile, which makes Alabama the 27th-most densely populated state in the United States.
The capital of Alabama is Birmingham, the largest city is also Birmingham, and the largest metro area is the Birmingham metro area. The state’s gross domestic product (GDP) in 2010 was $171 billion. This implies a compound annual growth rate from 2000 to 2010 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, health care, retail, education, hospitality, construction, and professional services have contributed to Alabama’s economic development. The Alabama economy is driven almost entirely by its 12 metropolitan areas. In 2004, they were responsible for a combined total of 95.7% of the state’s domestic product.
Alabama State Government & EB-5 Investment Financial and Employment Statistics
Alabama: Real GDP (2011–2014)
From 2011 to 2014, Alabama’s GDP grew by 1.8%, with an average annual GDP growth of 0.6%. In 2014, Alabama’s real GDP was $0.177 trillion, ranked 26th in the United States. The 2015–2016 financial year saw the largest percent change in GDP at 1.3%, signaling a strong and growing economy.
Alabama: Total Personal Consumption Expenditure (2012–2014)
Personal consumption expenditure is the primary measure of consumer spending on goods and services, and it is a primary engine driving economic growth. Personal consumption expenditure in Alabama grew from $0.137 trillion in 2012 to $0.145 trillion in 2014. From 2013 to 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 in Alabama’s largest cities, which include Birmingham, Montgomery, Mobile, Huntsville, and Tuscaloosa.