Getting an EB-5 project a targeted employment area (TEA) designation can be incredibly important for EB-5 investors. The required EB-5 investment amount is lowered from $1 million to $500,000 if the EB-5 project is conducted in a targeted employment area. In order to be designated as a TEA, the EB-5 project must be located in either a rural area or in a location with high unemployment. Targeted employment area designation is typically an important requirement within an EB-5 investor’s I-526 petition.
Contact Us to learn more about the TEA designation process and how our team can strategically work with you to gain TEA designation for your EB-5 project.