What is a Targeted Employment Area? : RushPRNews - Newswire & Global Press Release Distribution

 
Bookmark and Share

What is a Targeted Employment Area?

August 4, 2011

Chicago, IL (rushPRnews) 08/04/11 — Chicagoland Foreign Investment Group Discusses How the EB-5 Program can Spur Economic Development


With the unemployment rate rising the past two consecutive months, it’s clear that the economy will continue to face new challenges on the road to recovery.   In Chicago, like many areas of the United States, unemployment has reached as high as 32% in certain neighborhoods.  Foreign investment groups specializing in the EB-5 program designate these regions as a “Targeted Employment Area” or TEA’s.

 

Taher Kameli, the head of Chicagoland Foreign Investment Group, explains that a Targeted Employment Area can benefit from programs such as the EB-5 by spurring economic development and providing employment.  “Areas that have an average unemployment rate of 150% of the national average are typically under significant economic distress and constitute as a Targeted Employment Area,” says Kameli.  “At Chicagoland Foreign Investment Group, we invest in projects and businesses within these areas to assist with the economic recovery.”

 

Regional Centers such as Chicagoland Foreign Investment Group are organizations approved by the United States Citizenship and Immigration Services (USCIS) that seek to promote economic growth through job creation and increased export sales through piloting programs such as EB-5.  The EB-5 program utilizes money from foreign investors by offering a conditional green card in exchange for a minimum investment of $500k in new business enterprises or troubled businesses.  Said enterprise must directly employ 10 US citizens or authorized immigrants full-time and the investor must engage in the business in some form, either directly through day-to-day managerial tasks or indirectly through policy formation.

 

“In many of these areas new projects and construction have ceased, contributing to high unemployment,” adds Kameli, “The EB-5 program can provide these neighborhoods with the resources necessary for economic development.”

 

About Chicagoland Foreign Investment Group

Chicagoland Foreign Investment Group is part of The United States Citizenship & Immigration Services’ Regional Center program, commonly referred to as the “EB-5 Pilot Program.” EB-5 is an immigrant investor initiative that provides foreign nationals the opportunity to become lawful residents of the United States through strategic investment in US-based economic development projects in various Regional Centers. In March of 2009, Chicagoland Foreign Investment Group became the first and only Regional Center in Illinois, having recently extended into five counties in Northwest Indiana as well. Chicagoland Foreign Investment Group is located at 111 East Wacker Drive, Suite 555, in Chicago, IL. They can be reached at (312) 427-0910.  For more information, please visit http://www.chicagoeb5.com/

 

Media Contact Name: Lindsay Rafayko
Media Phone: (312) 854-8819
Click here to see all news from this author/company

Filed Under: BUSINESS NEWS, Career/job/work, PRESS RELEASE

RUSH PR NEWS newswire and press release services at rushprnews.com / AH Marketing ahmarketinggroup.com

Content- Legal Responsibility - All material is copyrighted - You may repost but you MUST link back to the original post on your page and acknowledge Rush PR News as the news source. Rush PR News is not legally and/or morally responsible for content of press releases, opinions expressed or fact-checking.

Rush PR News cannot be held legally responsible for material published and distributed through its newswire service or published in its press-room and therefore cannot be sued for published material. Third-party must be contacted directly to dispute content.

Rush PR News is not the contact for material published.

RSSFeed PRESS & SOCIAL MEDIA RELEASES

Oil Condition Monitoring with SVM 3001

Montreal, QC 02/12/16 · Expect More: Oil Condition Monitoring with SVM™ 3001...

Newborn Foundation Selected Among First 
Global Innovation Fund Grant Recipients

Saint Paul, MN 02/09/16 · Announcement at GIF launch event in London highlights...

The Gamifiers Partners With Livecube to Bring Gamified Event Engagement to the Middle East

DUBAI/NEW YORK 02/02/16 · TECH NEWS - The Gamifiers, the leading specialized gamification...

Rugby North to Launch Canada’s First Professional Rugby League

Toronto, ON 02/02/16 ·  The country that introduced rugby to North America...

Dominion Lending Centres Edge Financial Welcomes New Mortgage Agents On Board

Toronto, Ontario 01/27/16 · The mortgage agents behind the site GTAMortgagePros.com  –...

Black Films Matter supports Movie Binges on Oscar Night

HOLLYWOOD, CA 01/26/16 · The Advocacy group Black Films Matter is supporting...

The Big Freeze: America Due Extreme Snowstorms

NEW YORK 01/23/16 · Founder of GridLocate.com, offers advice to US residents...

Clean the world Canada choisit Moisson Montréal

MontrĂ©al, QuĂ©bec 01/05/16 · Clean the World Canada choisit Moisson Montréal comme...

All I Want for Christmas is for Trump to Shut Up is Island's new National Anthem

Cambridge, Mass 12/22/15 ·  A satirical Christmas song poking fun at real...

Gotham City Networking, Inc. Honors Raj Goel with Networker of the Year Award

New York, NY 12/16/15 · On Wednesday, December 2nd, Gotham City Networking, Inc....

Brainlink International Received Renowned Award for a Corporate SOP Culture That Outshines the Rest

New York, NY 12/15/15 · On Thursday, December 3rd, 2015, SmartCEO awarded Brainlink...

Livecube Enhances Its Social Engagement App to Be a Single Dashboard for Event Organizers

NEW YORK 12/03/15 · Enhanced features include real-time direct chat between attendees,...

MLBC offers new IFRS consulting service

Toronto, Ontario 12/01/15 · MLBC offers new IFRS consulting service New IFRS accounting...