The US Citizenship and Immigration Service sets aside 10,000 visas for immigrants investing $500,000 or more in Targeted Employment Areas (TEA) to create new jobs in American businesses and enhance the economy.
What does TEA stand for?
TEA stands for Targeted Employment Area
This definition appears frequently and is found in the following Acronym Finder categories:
- Military and Government
- Business, finance, etc.
See other definitions of TEA
We have 237 other meanings of TEA in our Acronym Attic
- Tactical Engagement/Instrumentation Range
- Transverse Electric/Transverse Magnetic
- Terminal Equipment Type 1 (four wire, twisted pair digital interface)
- Cellular User's Terminal Equipment (Terminal Equipment type 2)
- Training and Education in the 21st Century (Charleston, SC)
- Technologically Enhanced Educational Environments
- Tactical Engineering & Analysis, Inc.
- Tactical Espionage Action (game)
- Tank Excavation Assessment (chemical storage)
- Targeted Enforcement Area (police warning radar)
- Taxed Enough Already (tea party; political activism)
- Teachers Experiencing Antarctica and the Arctic
- Technical Engineering Authority
- Technical Excellence Award (various organizations)
- Technical Exchange Agreement
- Technicien en Entretien d'Aéronefs
- Techno-Economic Analysis
- Technology Exchange Agreement
- Technology for Enabling Awareness
Samples in periodicals archive:
Though a nuanced process, generally the EB-5 Program requires a capital investment of $1 million in a new commercial enterprise, $500,000 if the business is in a Targeted Employment Area.
Under the US EB-5 program, qualified foreign investors may obtain a provisional green card to relocate to the United States by investing $500,000 in Targeted Employment Areas into a project that creates at least 10 jobs (direct, indirect or induced) per investor.
In addition, Form W-4 or Form I-9 will no longer be accepted as proof of residency of an employee within a Targeted Employment Area (TEA).
Determining targeted employment area (TEA) designation
ALTe qualifies for TEA, a Targeted Employment Area, and the project is pre-approved by USCIS.
A foreign investor invests either $500,000 (for Targeted Employment Areas such as Cleveland) or $1 million (for other areas nationally) into a project.
If the targeted employment areas are approved, businesses will still be eligible for those credits for workers hired through JPTA or GAIN who do not reside in the targeted areas.