EB-5 MARKET IN LOUISIANA: Louisiana has a fairly significant EB-5 market. As of May 2020, Louisiana has 16 approved regional centers listed by USCIS.
STATE ECONOMY: Louisiana, known as the Pelican State, Bayou State and Creole State is the 25th most populous state in the U.S. and 19th smallest by area. Louisiana’s gross domestic product was $263.85 billion in 2019, according to U.S. Bureau of Economic Analysis. The main industries include agriculture, commercial fishing, oil, natural gas, chemicals and tourism.
POPULATION OF LOUISIANA: The U.S. Census Bureau data shows the population in Louisiana at about 4.64 million. 62.9% of the state’s residents identify as white, 32.7% Black or African American, 5.2% Hispanic or Latino and 1.8% Asian. English is the predominant language, but some people also speak French, French Creole, Spanish and Vietnamese.
IMMIGRATION SITUATION: Louisiana has a small immigrant community. American Immigration Council estimates that 4% of Louisiana’s residents were immigrants, and more than 9% of self-employed business owners were immigrants who generated $395.4 billion in total annual revenue. The majority of immigrants come from Mexico, Honduras, Vietnam, India and Cuba.
COMPLETED EB-5 PROJECTS IN LOUISIANA:
Jung Hotel in New Orleans reportedly used $60 million in EB-5 funds from 120 investors, according Pathways EB-5.
Days Inn hotel in New Orleans reportedly used EB-5 funds, according to New Orleans & Gulf Coast Regional Center.
Staybridge Suites in Lake Charles reportedly used EB-5 funds, according to LD Capital Bridge to USA.