The Department of Homeland Security (DHS) has issued a notice of proposed rulemaking to be published on January 13, 2017 to amend the regulations in relation to the employment-based, fifth preference (EB-5) immigrant investor classification and associated regional centers. The purpose of the proposed amendments is to modernize the EB-5 program. DHS will accept comments… Continue Reading
Category Archives: TEA
Subscribe to TEA RSS FeedEconomic Impacts of S. 1501’s Redefinition of TEA
Posted in Targeted Employment Area, TEATwo members of the Senate introduced The American Job Creation and Investment Promotion Reform Act, S. 1501, in June 2015. The bill has many provisions seeking to provide reform to the program, including provisions for integrity measures, increased capital investment amounts, and provisions to redefine Targeted Employment Areas (TEAs). Under current law, a TEA is… Continue Reading
House Member Introduces Bi-Partisan Immigration Legislation to Enhance and Augment the EB-5 Regional Center Program
Posted in EB-5 Investment, EB-5 Program, TEAOn March 6, 2014, Representative Jared Polis (D-CO), along with Representative Joe Garcia (D-FL), Representative Matt Salmon (R-AZ) and Representative Mark Amodei (R-NV), introduced The American Entrepreneurship and Investment Act of 2014. A copy of the bill and an official Section by Section overview have been made available. The legislation would, among the other items… Continue Reading
California Announces New TEA Policy
Posted in EB-5 Program, TEAJennifer Hermansky and James Cormie published an article on EB-5 Visa Blog outlining the state of California’s recently updated TEA (Targeted Employment Area) Policy. The California Governor’s Office of Business and Economic Development announced the new policy earlier this week, which offers much-needed flexibility to the EB-5 program and encourages investment in the California. For… Continue Reading
California Formalizes Strict Approach to TEA Designation
Posted in EB-5 Program, TEAThe newly formed California Governor’s Office of Business and Economic Development (GO-Biz) held a conference call today to provide EB-5 stakeholders with an update related to the issuance of Targeted Employment Area (TEA) designations in the state of California. Specifically, the call was meant to formally announce that California would now provide customized TEA certifications for… Continue Reading