There’s no shortage of EB-5 news with the IIUSA Conference kicking off tomorrow. The industry is still digesting the most recent congressional hearings on TEAs and the SEC’s movement against Jay Peak, but add another important item for EB-5 stakeholders … Read More
EB-5
Changes on the Horizon: The TEA Overhaul That Almost Happened, Part 3
Today we conclude our deep look into the TEA Overhaul proposed in Discussion Draft MDM15J40, as introduced in Part 1 here. In Part 2, we discussed three of the five new types of Targeted Employment Areas (TEAs): Military Base Areas, … Read More
When do states release updated TEA data?
***Updated March 2, 2016*** At some point in the next few months, most states will be replacing CY14 TEA data with CY15. First, why do we care when a state updates TEA data? In short, TEA-eligibility for a project can change … Read More
Changes on the Horizon: The TEA Overhaul That Almost Happened, Part 2
TEA Overhaul Dissected The other week, we skimmed the surface of what the future of Targeted Employment Areas (TEAs) might look like by introducing the changes presented in Discussion Draft MDM15J40 – a bill that circulated Congress in mid-December and … Read More
Changes on the Horizon: The TEA Overhaul That Almost Happened, Part 1
The Future of TEAs in EB-5 As we reviewed in the previous post, the EB-5 Regional Center Program (“the Program”) is facing some changes in the coming year. Obviously, new legislation has not been finalized – therefore, we cannot know … Read More
Changes on the Horizon: Discussions of Looming EB-5 Reform
Update January 2017: Continuing articles on potential TEA reform December 2016 TEA Proposal October 2016 TEA Proposal Series on 2015 legislation proposals Part 1, Part 2, Part 3 EB-5’s TEA Reform Drama The last six months have seen a lot of … Read More
EB-5 TEAs – Catching up (and looking ahead)
With the recent legislative maneuverings occupying the EB-5 world, perhaps lost in the shuffle are some key data items and considerations that will impact TEAs going forward. These updates are important under both the current regulations and also for … Read More
When do states release updated TEA data?
***Updated May 13, 2015*** The majority of states have completed their annual data update and are now using 2014 annual data. For those dedicated and loyal readers of the Impact DataSource TEA blogs, you may have noticed a recurring theme: … Read More
2015 Targeted Employment Area Data Released
The Bureau of Labor Statistics released the finalized 2014 annual average unemployment data for metropolitan statistical areas (MSAs), cities and counties late last month. These data commonly serve as the basis for high unemployment area calculations to determine qualifying targeted employment … Read More
50 Sides to the Same Coin: A Comparison of States’ Approaches to Targeted Employment Area Certification
For EB-5 project sponsors, the step of determining whether a project is located in a targeted employment area (TEA) can be critical. Unfortunately it can also be frustrating. While the federal regulations that broadly define a TEA do apply nationally, … Read More