The EB-5 Immigrant Investor Program Modernization Regulation Final Rule took effect on November 21, 2019, and changed USCIS Policy for Targeted Employment Area (TEA) definitions and process. Rather than reacting with questions and complaints, I carefully review the specific content of current TEA policy, place changes in context, and address the theoretical background and practical implications. This simple post took a great deal of work and thought.
A. Who is affected by the new TEA rules?
B. What areas can now qualify as a TEA?
- New York
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