Foreign Investment

FOREIGN INVESTMENT

Located in Texas, the top state for foreign trade in the US, Allen welcomes international investment.

Several foreign owned companies have a presence in Allen including KONE, Okmetic, and Atlas Copco.

Allen is seeing increased interest from foreign investors who are drawn to its rising real estate market and reduced risk.

EB-5 Program

EB-5 is a Federal program that seeks to attract foreign investment, and Allen has extensive experience working with foreign investors through the program. In fact, EB-5 funding accounted for the majority of capital for Allen’s $85 million convention hotel that is slated to open in 2017.

Under the EB-5 program, foreign entrepreneurs can apply for permanent residence in the US along with their spouses and unmarried children (under 21 years of age) if they meet minimum investment requirements.

Generally speaking, for a project to meet the EB-5 criteria, the foreign entrepreneur must:

  • Invest the required amount (typically $500,000 or $1 million) in a commercial enterprise
  • Plan to create or preserve 10 full-time jobs for qualified US workers

In areas of high unemployment (called Targeted Employment Areas (TEAs), the required investment threshold is lowered to $500,000.

Targeted Employment Areas are created from Census block groups, and custom areas can be created combining multiple block groups as long as employment in the entire area meets the requirement. We invite you to contact us for more information on areas that may be qualified.

EB-5 Targeted Employment Area Map

Explore block groups that potentially qualify as Targeted Employment Areas (TEAs) with the map below.

If you’re interested in a site outside an identified block group, contact us to see if it could potentially qualify. Custom areas can be drawn that include qualifying and non-qualifying blocks as long as the entire area exceeds the unemployment threshold of 7.95%.

Note: TEAs must be certified. Contact Us if you would like a site to be certified.

Data Sources: 2014 American Community Survey 5-year estimates, 2015 BLS Unemployment Rate.