New Rule for EB-5 Targeted Employment Areas Significantly Impacts the EB-5 Industry
A new USCIS regulation went into effect November 21, 2019, and brings with it significant changes impacting the EB-5 industry. The regulation eliminates the authority of states to designate high unemployment areas for purposes of targeted employment area (“TEA”) eligibility, significantly narrows the definition of a TEA based on high unemployment, and increases the minimum…
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