EB-5 Industry’s First Comprehensive Analysis of Targeted Employment Area Reform Proposals Seeks to Educate and Inform Policy Discussions
Earlier this month, Invest in the USA (IIUSA), the non-profit trade association of the EB-5 Regional Center industry, published the industry’s first-ever comprehensive comparative analysis of the potential impact of various proposals put forth to reform Targeted Employment Area (TEA) policy. The report was created to enable Congressional leaders and industry stakeholders to participate in rational, fact-based policy discussions which ultimately would result in the most reasonable and sustainable TEA reform solution for the EB-5 industry.
“This report was no small undertaking and is the result of countless hours of research and analysis on an extremely complicated policy subject matter,” said Peter D. Joseph, IIUSA Executive Director. “There have been many proposed solutions to TEA policy reform over the last 18 months, but no one has ever put the details of them all in one place and conducted an analysis on the actual implications of them on real and potential EB-5 projects in every corner of the United States.”
The report, available for download on IIUSA’s website, compares seven different approaches to TEA reform put forth by various stakeholders of the EB-5 industry. Using the most recent 5-year American Community Survey (ACS) data and analyzing 600 EB-5 project samples, the report takes a comprehensive look at the impact the different policy proposals would have on the EB-5 Regional Center program at both a national and state-by-state level.
The full report is available for download as well as an interactive mapping tool at www.iiusa.org. Within the report is a full explanation of the methodology and the seven policy proposals. The mapping tool provides an even deeper level of understanding and visualization of TEA reform proposals.
Founded in 2005, IIUSA is the national not-for-profit trade association for the EB-5 Regional Center industry with a mission of advocacy, education, industry development, and research. The organization represents more than 240 Regional Centers and 180 Associate members, collectively representing big and small projects, urban and rural economic development, and industry sectors ranging from real estate and manufacturing to energy and infrastructure. IIUSA’s members are engines of economic growth and job creation, accounting for a vast majority of capital flowing through the Program. Learn more at IIUSA.org