Under current EB-5 rules, Targeted Employment Areas (TEAs) are geographical areas within the US that, based on their unemployment figures or distance from major cities, qualify for reduced EB-5 investment minimums — an effort to incentivize development in places that need it most.
This week, NES Financial Medallion Partner EB5 Affiliate Network made an update to their fantastically useful (and free) national TEA map, which allows developers to easily identify whether their project’s location qualifies it for the reduced per-person minimum (currently still $500,000 per investor).
The EB5AN map has now been updated to reflect the new calendar-year-2017 unemployment data, just released last week by the Bureau of Labor Statistics. This is the data that will determine TEA eligibility for the following year.
Furthermore, EB5 Affiliate Network will host a TEA Map Webinar this coming Monday, April 30, from 3:00–3:30 PM Eastern Time, in which they’ll present the following:
- How to use their free national TEA map
- How to combine census tracts to instantly determine TEA eligibility
- How the updated 2017 data affects TEA designation
If you’re interested in attending, please follow this link to register for the webinar.