EB-5 Projects & Policy Mapping Tool (Beta)Lee Li
IIUSA is pleased to present the beta version of a new interactive mapping tool that plots the location of over 520 EB-5 projects from a wide variety of industries and located in diverse communities across the U.S. The map will be an essential instrument for industry and policy analysis. The interactive map is a tool for consideration of a specific proposal to reform Targeted Employment Area (TEA) policy. IIUSA created the interactive map for members and industry stakeholders to use as a means to help inform a meaningful discussion and consideration of the TEA proposal of a place-based approach for the urban areas to TEA reform. This approach borrows from existing federal economic development policy which has set precedent for methodologies such as this one and that will allow for an objective approach that avoids “gerrymandering” criticism. It will also allow for the TEA incentive to be the exception and not the rule in its use in EB-5.
The approach has been widely discussed in many platforms, including a public Congressional hearing and IIUSA committee and leadership meetings. It is based on the most recent census data available to accurately reflect the impact TEA reform using this approach would have on projects and communities throughout the country. The map is the result of tireless collaboration by IIUSA staff, committee members, and leadership as well as counsel from outside economists.
The legend of the map:
Blue Dots: Projects that have or plan to use EB-5 funds in their capital stack, to the best of our knowledge. Click here to request adding EB-5 project(s) to the map.
Dark Green Area: A census tract that has any TWO of the following characteristics:
- Poverty rate greater than 30%; or
- Median family income (MFI) does not exceed 60% of statewide equivalent MFI or MSA-wide MFI; or
- Unemployment rate which is at least 1.5 times the national average.
Light Green Area: A “rural” area, which is defined as an area outside a Metropolitan Statistical Area (MSA) and outside of any city or town with a population of at least 20,000*.
Data Source: 2010 Census Data (Table P1); 2010-2014 American Community Survey (ACS) Data (Table S2301, S1701, and B19113) from U.S. Census Bureau Fact Finder website (http://factfinder2.census.gov). Learn more about the data sources for the interactive map at here.
Data: Percentage of Census Tracts Qualified as TEAs by State*, Urban Areas, Rural Areas
Analysis: Percentage of Total Census Tracts Qualified as TEAs by State
Analysis: Percentage of Census Tracts within an MSA Qualified as TEAs by State
Analysis: Percentage of Census Tracts outside an MSA Qualified as TEAs by State
Analysis: Number of EB-5 Projects by State
Analysis: Percentage of EB-5 Projects Located within an TEA
TEA Policy Review & Online Resources
IIUSA Policy Consideration Process: Update on TEAs
IIUSA is committed to an open and transparent policy process, starting with you, our members. This year we have released the results of detailed policy polls and professionally moderated focus groups which will continue going forward. This ongoing quantitative and qualitative feedback informs our policy making process. Furthermore, we welcome and continue to solicit feedback via email to firstname.lastname@example.org
and on the Feedback page
The feedback received from these various forums will be important considerations for the IIUSA Public Policy’s Subcommittee on TEAs. This Subcommittee will be working diligently to provide an option(s) to the Public Policy Committee for consideration that will result in a recommendation to the Board of Directors. Members will have the opportunity to provide feedback on the committee’s recommendation to the Board of Directors before it considers taking action. This process is all part of IIUSA’s commitment to member engagement and transparent consideration of policy issues.
Data Sources & Notes
The census tract data is from 2010 Census
and 2010-2014 ACS
from the U.S. Census Bureau Fact Finder website at here
. Specifically, the table ID and/or source for variable is:
- B19113: census tract median family income in the past 12 months, in 2014 inflation-adjusted dollars;
- B19113: state median family income in the past 12 months, in 2014 inflation-adjusted dollars;
- B19113: “Core Based Statistical Area” (CBSA) median family income; Metropolitan Statistical Areas obtained from most recent update by the OMB July 2015;
- P1: total population;
- S1701: census tract poverty rate;
- S2301: census tract employment status;
- CBSA metropolitan and micropolitan area designation for counties was downloaded from the Census Bureau website, based on the designations made by the Office of Management and Budget. Data corresponds to July 2015 and the county to CBSA file is available here.
Note: The 2006-2010 ACS data set released by the U.S. Census Bureau for the 50 states, and the District of Columbia contains 765 tracts with no data on poverty or income. A significant majority of these tracts have no population or a very low population. The Census Bureau was unable to estimate income or poverty for these tracts. The remainder has a population that is largely housed in group quarters, such as prisons or college dorms that are not included in the ACS income or poverty calculations.
Disclaimer: This map is not provided or intended as an endorsement by IIUSA of any particular policy proposal, nor should it be construed as evidence that IIUSA shares or supports the priorities or criteria reflected by this proposed policy. IIUSA is committed to providing essential policy analysis tools to carefully consider proposals and seek consensus from diverse interests that share the goal of effective and workable reform that is part of long term reauthorization of the Program. Information included on this map is for discussion purposes only and offered based on publicly available information from sources including but not limited to: media reports, websites, and marketing materials. Any details or other information regarding particular EB-5 projects should not be viewed as complete information. Projects shown on this map include a non-comprehensive sample that are known to IIUSA which include past projects as well as current, ongoing EB-5 projects and again are not inclusive of all relevant data.
Information included on this map is for discussion purposes only and being displayed to the best of our knowledge based on publicly available information from sources including but not limited to: media reports, websites, and marketing materials. Any details or other information regarding particular EB-5 projects should not be viewed as complete information. Projects shown on this map include a non-comprehensive sample that are known to IIUSA which include past projects as well as current, ongoing EB-5 projects.
Questions/Comments on TEA policy? Contact IIUSA at email@example.com.
Issue with a project listing? Contact IIUSA at firstname.lastname@example.org.
Mapping tool & data analysis prepared by: Lee Li, Policy Analyst, IIUSA