The EB-5 Program offers a pathway to U.S. citizenship for foreign capitalists investing in job-generating ventures for a period of no less than two years; the program is administered by the United States Citizenship and Immigration Services (USCIS).
NEW GUIDELINES (BEGINNING NOVEMBER 21,2019)
On July 23, 2019, USCIS announced several new rules to the EB-5 program. These new rules increase the investment requirements and eliminate the states’ ability to designate certain geographic and political subdivisions as high unemployment areas; instead, the Dept. of Homeland Security will directly review those submissions. These new rules will go into effect November 21, 2019 and can be found in greater detail on the USCIS website. In order to leave sufficient time to review TEA verification requests before the new guidelines take effect, the City will no longer accept requests starting November 1, 2019.