What Is a Targeted Employment Area?
When a person pursues an EB-5 visa, they may be able to invest less money and still qualify for this visa by putting their money to use in a targeted employment area. A prospective immigrant needs to pay $1,000,000 normally to speed up their residency process with an EB-5 visa, but this figure can be cut in half by investing in a targeted employment area.
For more information regarding the EB-5 visa application process and how these investments work, contact the EB-5 visa lawyers of White & Associates today at 818-730-3540.
Defining a Targeted Employment Area
Lowering an investment amount from $1,000,000 to $500,000 can be incredibly attractive for prospective immigrants. Targeted employment areas are generally considered to be areas with high unemployment that could greatly benefit from an influx of investment money. The economic enrichment of these investments can have significant employment and business benefits on an area.
According to immigration law, targeted employment areas are defined as follows:
- An area with an unemployment rate that is 150 percent higher than the national average
- An area outside a metropolitan statistic area
- An area outside a city of at least 20,000 people
These definitions are meant to include both areas that are considered rural and those considered to be high-unemployment areas.
Contact Us
The EB-5 visa program can be an important immigration solution for individuals with investment capital looking to come to the United States. If you would like to learn more about this immigration option, contact the EB-5 visa attorneys of White & Associates by calling 818-730-3540 today.
