Where We Invest
Pursuant to the U.S. Citizenship and Immigration Services’ (USCIS) EB-5 Investor Visa Program, the definition of a Targeted Employment Area (TEA) is: 1. A rural area or 2. An non-rural area that has experienced high unemployment (150.0% of the national average unemployment rate during a comparable 12-month period).
Rural areas are defined as those areas not located within a Metropolitan Statistical Area (MSA) or within a city or town with a population of 20,000 or more. Areas in Florida that qualify as rural areas under this provision are highlighted in green in the map below:
Qualifying Rural Areas
Monroe (excluding Key West City)
High unemployment areas are defined as non-rural areas (either entire MSAs; component counties of multicounty MSAs; or cities with populations of 20,000 or more) with unemployment rates at least 150.0% higher than the national average for the most recent calendar year available. For calendar year 2009, the national unemployment rate averaged 9.3%. Therefore, a non-rural area qualifies as a high unemployment area if its 2009 annual average rate was at least 14.0%. Areas in Florida that qualify as high unemployment areas under this provision include:
- Palm Coast MSA (Flagler County)—14.8%
- Hialeah City (in Miami-Dade County)—14.6%
- Fort Pierce City (in St. Lucie County)—15.4%
In addition, the Labor Market Statistics Center can calculate unemployment estimates for smaller geographies such as Census tracts to determine if they qualify as TEAs by request. Five non-rural counties (Baker, Gilchrist, Jefferson, Nassau, and Wakull) highlighted in yellow in the map above, do not contain any TEAs based on unemployment. More information about the EB-5 Investor Visa Program can be found on the USCIS website (www.uscis.gov).