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Immigrant Investor Program (EB-5)

The Iowa Economic Development Authority (IEDA) identifies and certifies Targeted Employment Areas (TEA) for purposes of the EB-5 program. The EB-5 program is administered by United States Citizenship and Immigration Services (USCIS) and allows foreign investors to obtain a visa if certain investment and job creation requirements are met. EB-5 projects in a TEA have a minimum qualifying investment of $500,000. For all other projects, the minimum qualifying investment is $1 million.

A TEA 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. A rural area is not within either a metropolitan statistical area (as designated by the Office of Management and Budget) or the outer boundary of any city or town having a population of 20,000 or more.

Although IEDA, representing the state of Iowa, certifies that an area qualifies as a high unemployment area, USCIS makes the final determination that an area is a TEA. Official TEA designation will be in the form of a signed letter from IEDA. Preliminary responses given for inquiries, verbally or via email, are offered for planning purposes only. TEAs are subject to change annually based on the annual release of unemployment data. Recertification may be required.

IEDA no longer maintains an EB-5 regional center as of April 2018. A list of approved regional centers can be found at the USCIS website.

Program Contact(s)

Lisa Connell
515.348.6163
businessfinance@iowaeda.com

 

 

 
Iowa Economic Development Authority
200 East Grand Avenue
Des Moines, Iowa 50309
Phone: 1.515.348.6200
email: Email Us

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