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Question:

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How can I get areas in my county TEA-certified for future EB-5 investments? I am living in a small rural county and have heard that state-certified TEA areas have better chances of boosting employment rates and also boosting surrounding economic areas. How do I go about a TEA-certification process to certify certain areas in my county for EB-5 investments?

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Answers:

December 15, 2014 11:46 Ed Beshara

Tea's are based on a political subdivision or a geographical subdivision. The State can designate counties as TEA's. Alternatively contiguous census tracts can be combined to determine if a particular location is in a TEA. Experienced EB-5 economists can provide verifiable analysis to support a TEA designation. On the basis of the location of the job creating entity being in a TEA the investor only has to invest USD $500,000.00.

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