Why in uscis.gov > EB5 Targeted Employment Area Investment Amount $500,000? Its lower than minimum (Minimum Investment Amount is $1,000,000).

[Arg999 0]

Hi! I’m on the page https://www.uscis.gov/working-in-the-united-states/permanent-workers/employment-based-immigration-fifth-preference-eb-5/about-the-eb-5-visa-classification Under section Capital Investment Requirements I don’t understand why there is 3 categories? What is difference?

Why on the first line Before 3/15/2022 written Targeted Employment Area Investment Amount $500,000? Its lower than minimum (Minimum Investment Amount is $1,000,000). Same situation on the second line.

[Boiler 45,749]

Vacated rule modernizing the EB-5 Immigrant Investor Program

On June 22, 2021, the U.S. District Court for the Northern District of California, in Behring Regional Center LLC v. Wolf, 20-cv-09263-JSC, vacated the EB-5 Immigrant Investor Program Modernization Final Rule (PDF).

While USCIS considers this decision, we will apply the EB-5 regulations that were in effect before the rule was finalized on Nov. 21, 2019.

Under the vacated rule published by the U.S. Department of Homeland Security, several changes to the EB-5 Immigrant Investor Program that went into effect Nov. 21, 2019 are no longer in effect.

The new rule modernizes the EB-5 program by:

• Providing priority date retention to certain EB-5 investors;
• Increasing the required minimum investment amounts to account for inflation;
• Reforming certain targeted employment area (TEA) designations;
• Clarifying USCIS procedures for the removal of conditions on permanent residence; and
• Making other technical and conforming revisions.

What You Need to Know:

Priority date retention

• Certain immigrant investors will keep the priority date of a previously approved EB-5 petition when they file a new petition.

Increased minimum investments

• The standard minimum investment amount has increased to $1.8 million (from $1 million) to account for inflation.
• The minimum investment in a TEA has increased to $900,000 (from $500,000) to account for inflation.
• Future adjustments will also be tied to inflation (per the Consumer Price Index for All Urban Consumers, or CPI-U) and occur every 5 years.

Targeted employment area (TEA) designations

• We will now directly review and determine the designation of high-unemployment TEAs; we will no longer defer to TEA designations made by state and local governments.
• Specially designated high-unemployment TEAs will now consist of a combination of census tracts that include the tract or contiguous tracts in which the new commercial enterprise is principally doing business, including any or all directly adjacent tracts.
• Provided they have experienced an average unemployment rate of at least 150% of the national average unemployment rate, TEAs may now include cities and towns with a population of 20,000 or more outside of metropolitan statistical areas.
• These changes will help direct investment to areas most in need and increase the consistency of how high-unemployment areas are defined in the program.

Clarified procedures for the removal of conditions on permanent residence

• The new rule specifies when derivative family members (for example, a spouse and children whose immigration status comes from the status of a primary benefit petitioner) who are lawful permanent residents must independently file to remove conditions on their permanent residence;
• The new rule includes flexibility in interview locations; and
• The new rule updates the regulations to reflect the current process for issuing Green Cards.

[igoyougoduke 1,662]

On 8/12/2024 at 7:39 AM, Arg999 said:

Hi! I’m on the page https://www.uscis.gov/working-in-the-united-states/permanent-workers/employment-based-immigration-fifth-preference-eb-5/about-the-eb-5-visa-classification Under section Capital Investment Requirements I don’t understand why there is 3 categories? What is difference?

Why on the first line Before 3/15/2022 written Targeted Employment Area Investment Amount $500,000? Its lower than minimum (Minimum Investment Amount is $1,000,000). Same situation on the second line.

cause it was 500k before 2022 and they raised it to 800k after congress passed the EB5  bill raising the investment amount