Can a Regional Center qualify for $500,000 investors if it is does not meet TEA designation? - EB5Investors.com

Can a Regional Center qualify for $500,000 investors if it is does not meet TEA designation?

I received a reply from my State Labor Department specifying that we would not qualify as a TEA. I would like to know if setting up a regional center for our “Inn” development would still qualify for the $500,000 investment level. We are located in a rural area east of Pittsburgh, PA and yet are designated as part of the Metropolitan statistical area of Pittsburgh. Thank you.

Answers

Bernard P Wolfsdorf

Bernard P Wolfsdorf

Immigration Attorneys
Answered on

If the unemployment rate is 150% of the national average, you can qualify.

Ying Lu

Ying Lu

Immigration Attorneys
Answered on

You must be a high unemployment area or rural area in order to qualify as TEA. TEA relying on high unemployment rate may change when the government updates their statistic. If your regional center loses the TEA status, the investment amount should be 1 million. You may want to consult a qualified attorney or economist to see if the area can be a TEA again by including more or less adjacent areas. You need to file an amendment with USCIS if the range of the geographical area changes.

Julia Roussinova

Julia Roussinova

Immigration Attorneys
Answered on

A Regional Center cannot qualify for a reduced investment $500,000 unless in a TEA or rural area. Rural area test is met if the investment is located outside a standard MSA and in a city or town outside MSA with a population of no more than 20,000 based on the most recent decennial census of the US. MSAs are geographic areas defined by the US Office of Management and Budget. Statistics on a city or town population are obtained from the US Census Bureau. If you are designated as within MSA of Pittsburgh, it is unlikely you may qualify for a rural area designation. However, an EB-5 economist may be instrumental in providing analysis and opinion. It is also possible to qualify for a reduced $500,000 if you partner with an established Regional Center if it is qualified for a reduced investment amount.

Daniel A Zeft

Daniel A Zeft

Immigration Attorneys
Answered on

No, a regional center cannot obtain investments of $500,000 if the EB-5 business project is not located in a TEA.

Boyd Campbell

Boyd Campbell

Immigration Attorneys
Answered on

No, it cannot qualify for the $500,000 amount unless located within a TEA.

Ed Beshara

Ed Beshara

Immigration Attorneys
Answered on

The TEA designation allows an investment of $5000,000.00. An experienced EB-5 economist may assist in reviewing and analyzing relevant county data supplied by the State to determine if a certain geographical area qualifies as a TEA.

Jinhee Wilde

Jinhee Wilde

Immigration Attorneys
Answered on

No, the $500,000 investment for EB-5 is an exception to the rule only if the project or business enterprise is located in TEA or in a rural area of less than 20,000 population. Normal rule for investment under EB-5 is $ 1 million unless you could qualify for these exceptions. Since your business enterprise is within the Metro area of Pittsburgh, you will not qualify for Rural exception. As it does not qualify for TEA according to SLD, your project could only do EB-5 if the investors invest the full $ 1 million.

Steven Anapoell

Steven Anapoell

Securities Attorneys
Answered on

Your job creating entity/project must be in a TEA for 500k investors.

Philip H Teplen

Philip H Teplen

Immigration Attorneys
Answered on

We can also qualify an area by population of less than 20,000 per census track.

Lei Jiang

Lei Jiang

Immigration Attorneys
Answered on

No. You will not qualify for $500,000. You have to be in a rural area or a high unemployment area. Please feel free to contact me for EB5 questions.

Shahzad Q Qadri

Shahzad Q Qadri

RC Creators
Answered on

Unfortunately, in order to qualify for the $500k investment you have to fall within a TEA and/or be a rural area. The rural designation is made by the feds. However, if you are in a MSA it is highly improbable that you will qualify for a rural designation.

Jor Law

Jor Law

RC Creators
Answered on

No. The only thing that qualifies a $500,000 investment instead of the usual $1,000,000 investment is TEA designation. There is a common misconception that involvement of a Regional Center provides this, but the Regional Center only enables the inclusion of indirect and induced job creation numbers.

Roberto Ortiz

Roberto Ortiz

Immigration Attorneys
Answered on

I would have to look at all of the information to determine if you can do it. Another option is to join an existing Regional Center in your area. If you have any other questions, please do not hesitate to contact me. Thank you.

Stephen Berman

Stephen Berman

Immigration Attorneys
Answered on

If your area is not one of high unemployment, you cannot qualify as a regional center.

Fredrick W Voigtmann

Fredrick W Voigtmann

Immigration Attorneys
Answered on

No. Regional center designation has nothing to do with the required amount of capital ($1 million vs. $500,000). The lower amount of investment is allowed only when the new commercial enterprise (and job creating entity) is located within the geographic boundaries of a targeted employment area (TEA), whether or not within a regional center.

Mahsa Aliaskari

Mahsa Aliaskari

Immigration Attorneys
Answered on

The $500,000 investment level is available only for projects that are in a TEA, Regional Center designation does not have an impact on this requirement.

Reza Rahbaran

Reza Rahbaran

Immigration Attorneys
Answered on

No. Projects located outside a Targeted Employment Area (TEA) do not qualify for the reduced investment threshold. Each investor would need to invest at least $1,000,000.00, however, the project would be able to count indirect and induced jobs if it is under a regional center umbrella. For further information please contact Rahbaran & Associates.

Julie Daniel

Julie Daniel

Immigration Attorneys
Answered on

Unfortunately no, but sometimes with the right economist there can be some creativity.

Jeffrey E Campion

Jeffrey E Campion

Immigration Attorneys
Answered on

Most likely, no. I''d recommend that you speak with an attorney specialized in those issues.

Michael A Harris, Esq

Michael A Harris, Esq

Immigration Attorneys
Answered on

Unfortunately no. Currently it is either a $500,000 investment or $1 million investment for regional centers. While the law states that a TEA can be less than $1 million, it cannot be less than $500,000. But for this to happen the government would have to implement that change. Otherwise, have you submitted only one U.S. census tract to the Pennsylvania government for consideration? Or did you try to ''gerrymander'' the tracts into a contiguous area and then try to achieve a TEA designation by the state? A TEA need not be designated by the state for it to be a high unemployment TEA (though preferred) as USCIS can consider it.

Clem Turner

Clem Turner

Securities Attorneys
Answered on

If you are unable to get the state of Pittsburgh to designate your location as a TEA, you will not be able to qualify for the reduced $500,000 minimum - which would be a very large marketing hurdle to overcome. If you would like a referral to a "TEA Specialist" please free free to contact me.

Susan Pilcher

Susan Pilcher

Immigration Attorneys
Answered on

Although a rural area could qualify as a "TEA," and thus support $500,000 investments, even without a state TEA designation letter, being located within an MSA put you outside the legal definition of a "rural area" for TEA purposes.

Daniel P Hanlon

Daniel P Hanlon

Immigration Attorneys
Answered on

No, it cannot qualify for that investment amount.

Neville M Leslie

Neville M Leslie

Immigration Attorneys
Answered on

No, investment has to be $1 million.

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