Targeted Employment Areas (TEA) are part of the Employment Training Administration's EB-5 Investment program. These areas are defined either as areas of high unemployment (unemployment rate 150% of the national average), or are located in rural counties (rural is defined as not being within a Metropolitan Statistical Area or on the outskirts of any town/city with a population of 20,000 people r more). When an investment project is located within an area designated as a TEA, the investment requirement is lowered from $1 million to $500,000.
The Department of Employment, Training, and Rehabilitation's Research and Analysis Bureau is the appointed authority for designating TEA areas within the State of Nevada. To obtain a TEA designation letter for your project, please email details of the project to firstname.lastname@example.org. Please include the project address (or a description of the project location, the census tract the project is located in (based on census 2010 map definitions), contact information, a brief description of the project. Please allow for up to 1 month for processing your request (although letters are often returned sooner). Nevada provides TEA designation at the census tract level, and allows the combination of tracts when forming TEA areas. Below are resources you can use to help identify the necessary data for your TEA request. If you have questions, please contact Research and Analysis via email at email@example.com or call 775-684-0450.
Unemployment rates by census tract
Need help identifying your census tract number- visit the American Fact Finder
Directions for navigating factfinder can be found here