"Will my project still qualify as a TEA after new data is finalized this spring?" Get ready for the annual data update with the TEA Sneak Peek Map. Last year we introduced our “Sneak Peek” map, allowing you to see the best approximation of the annual revisions to census tract unemployment data - and we've updated it for this year (full release post).
For now, the TEA rules are still the same as they were last year. So, while we should all continue to keep an eye on possible reforms, it's also important to remember to look ahead at the new data that will be finalized soon for TEAs under the current definitions. See the Sneak Peek map for preliminary unemployment rates for census tracts, reflective of the most up-to-date data available at this time. Unemployment rates from calendar year 2017 will start being used by the states in the coming months to determine TEA eligibility for projects submitted later this year (assuming no changes to the program).
See full details in enewsletter, linked below.
https://mailchi.mp/impactdatasource/eb-5-updates-tea-sneak-peek-map-updated-for-2018
Securities Disclaimer
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.
