The Federal Register finally released and published the long-anticipated (and years-delayed) updates to the EB-5 Program rules. These changes are scheduled to take effect on or after November 21, 2019. Find out how this 2019 EB-5 regulatory update will impact you!
The minimum qualifying investment has been raised from $500,000 to $900,000 for a project in a Targeted Employment Area (TEA). The non-TEA investment minimum has increased to $1.8 million. As a result, criteria for TEA designation have also been updated. Going forward, it will be more difficult for census tracts in urban areas to qualify for the lower investment threshold.
NES Financial hosted a free webinar on Friday, August 2 about “How the 2019 EB-5 Regulatory Update Will Impact You.” Our panel of EB-5 experts, includes Reid Thomas, EVP of NES Financial, Jill Jones, NES Financial Assistant General Counsel, Scott Barnhart of Barnhart Economic Services LLC, Ronnie Fieldstone and Rohit Kapuria of Saul Ewing Arnstein & Lehr LLP.
Each panelist shared their firsthand knowledge and insights, and how the new 230+ pages of rule changes and clarifications may impact you. They also discussed real-world solutions to mitigate risk and seize opportunities presented by the changes.
To view this important EB-5 webinar, click here.
Want more EB-5 news? Our Assistant General Counsel Jones was recently interviewed by Construction Dive about the EB-5 visa changes set for Q4 this year and spoke about how secure the future of the EB-5 program is. “At the end of the day, it’s a terrific program that allows money to come into underserved areas in the U.S.,” Assistant General Counsel Jones said. “They’re generating jobs and building business where it didn’t exist before.”
At NES Financial, we pride ourselves on our comprehensive administration of funds and documentation throughout the entire EB-5 project life cycle, without gaps, from the marketing and capital raise all the way through return of investment (including redeployment solutions, where applicable).
For more information about how our purpose-built EB-5 solutions could benefit your project, please contact an NES Financial representative. We look forward to speaking with you!