TEA

TEA

A Targeted Employment Area is an area that, at the time of investment, is a rural area or an area experiencing unemployment of at least 150 percent of the national average rate.

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Investments made in a TEA allow the investment to quality for the EB-5 Program’s minimum investment which is currently US$900,000.

A rural area is any area outside a metropolitan statistical area (as designated by the Office of Management and Budget) or outside the boundary of any city or town having a population of 20,000 or more according to the decennial census. Rural areas are designated on a county basis by the Decennial Census every ten years. Therefore, a county with a rural designation is considered a TEA until the next Decennial Census.

An area of high unemployment is designated on a city, area or census tract level. Designation must be obtained through the authorized state agency. The unemployment rate must be equal to or greater than 150 percent of the national average. Data is provided on a yearly basis by the Bureau of Labor Statistics, but in cases where this issue has been adjudicated, the court has ruled that the definitive date is the date of the investor’s I-526 petition.

The EB-5 program provides an immigrant investor with many benefits, not the least of which is the opportunity to obtain a green card and the path to citizenship. An EB-5 applicant is investing in a private placement of securities, which provides funding for a project that has a positive impact on America by creating jobs. One of the obligations of an EB-5 project sponsor is to commission a study that confirms the plan will create 10 jobs (whether directly or indirectly) over a period of time for each EB-5 investment made. The investment is also a “passive investment,” meaning you as the investor do not take an active role in the investment or the project. Please read carefully and thoroughly the investment offering materials and subscription documentation specific to the particular investment prior to making the investment. EB-5 investments are typically low-interest loans to a construction project. It is an at risk investment, meaning you could lose your entire investment if the project does not succeed (Please see Important Disclosure Information below).

Important Disclosure Information

AN INVESTMENT IN A PRIVATE PLACEMENT OF SECURITIES THAT IS CREATED SPECIFICALLY FOR APPLICANTS TO THE UNITED STATES CITIZENSHIP AND IMMIGRATION SERVICES (“USCIS”) FIFTH PERMANENT WORKER VISA PREFERENCE (“EB-5”) PROGRAM ARE SPECULATIVE INVESTMENTS AND INVOLVE A HIGH DEGREE OF RISK. INVESTORS MUST BE PREPARED TO BEAR THE ECONOMIC RISK OF SUCH AN INVESTMENT FOR A LONG PERIOD OF TIME AND BE ABLE TO WITHSTAND A TOTAL LOSS OF THEIR INVESTMENT. IN ADDITION, THERE IS NO GUARANTEE THAT AN INVESTOR’S EB-5 APPLICATION WILL BE APPROVED BY THE USCIS. PLEASE SEE ALL OFFERING DOCUMENTS FOR COMPLETE INFORMATION.

SAA Cedisus EB-5 Projects has been designed for informational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security that may be referenced herein. Such offers can only be made pursuant to a qualified investor receiving official offering and subscription documentation where lawful under applicable law. Pinnacle Capital Securities and its affiliates do not intend to provide investment advice through this site and do not represent that any securities or services mentioned, discussed, or otherwise are suitable for any investor. Pinnacle Capital Securities and its affiliates do not, and this site does not intend to, render tax or legal advice.

SAA Cedisus EB-5 Projects provides information about investment projects throughout the United States that are offered pursuant to the EB-5 program administered by the U.S. Citizenship and Immigration Services (“USCIS”), created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors. Under a program initially enacted as a pilot in 1992, and regularly reauthorized since then, investors may also qualify for EB-5 classification by investing through regional centers designated by USCIS based on proposals for promoting economic growth. On May 5, 2017, the President signed Public Law 115-56 extending the Regional Center Program through September 30, 2018. For more information please see www.uscis.gov

Investment products are offered through Pinnacle Capital Securities, LLC, a member of FINRA/SIPC . The USCIS, SAA Cedisus EB-5 Projects and their respective affiliates are independent from and not corporate affiliates of Pinnacle Capital Securities. All investment services offered by SAA Cedisus EB-5 Projects associated persons are conducted in their capacities as registered representatives of Pinnacle Capital Securities, LLC.

Check the background of your broker, Pinnacle Capital Securities or its representatives on FINRA’s BrokerCheck.

“EB-5 investments” refer to a type of private placement investment, typically created by developers or sponsors in the construction, hospitality, or other job creating industries, that are designed to meet the requirements of the fifth among five Permanent Worker Visa Preference Categories (EB-1 through EB-5) established by the USCIS. Its official title, the Employment-Based Immigration: Fifth Preference (EB-5 Immigrant Investor Program – https://www.uscis.gov/eb-5 to find out more) offers high-net worth non-U.S. persons, including members of their immediate families, the opportunity to obtain U.S. “green-cards” or permanent residence status. One of the requirements of this specific visa category is that the applicant must invest (typically US $900,000) in a new commercial business that generates 10+ jobs per investment for U.S. workers. Accordingly, the construction, hospitality, and other similar industries, have responded by designing private placements that raise capital for EB-5 compliant projects. EB-5 private placement investments are usually at-risk debt instruments with an investment period of anywhere from five – seven years that might pay an interest rate of anywhere from 0.5% to 1% annually. The immigrant investor would make such an investment with the placement issuer while simultaneously submitting, typically through their immigration attorney, the EB-5 application to the USCIS.