“USCIS administers the Immigrant Investor Program, also known as “EB-5,” created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors. Under a pilot immigration program first enacted in 1992 and regularly reauthorized since, certain EB-5 visas also are set aside for investors in Regional Centers designated by USCIS based on proposals for promoting economic growth.” (USCIS)
1: Investors must invest a new commercial enterprise.
2: Business results must benefit the U.S economy, or create at least 10 full-time jobs and the workers must be U.S workers.
3: Minimum $1 million investment or $500,000 on the Targeted Employment Area.
1: Gain United States permanent residency
2: Investor and family free living, working and retiring in the U.S. anywhere.
3: Go to the college or universities applying resident costs.
4: No U.S. visa needed, after you return to U.S.
5: After 5 years green card, routing U.S. citizenship.
6: Family members can gain Green Cards.
7: Investor has the same benefits with U.S. permanent Citizenship.
EB-5 in Chicago
TEA means targeted employment area, which is a rural area or a non-rural area which has experience at least 150 percent of the national average unemployment rate. There has nearly 100 TEA areas in Chicago and Cook County has nearly 30 TEA areas. Like Hazel Crest Village, Lynwood village, and Stickney village. Chicago is located in the center of Cook County. And the most the TEA areas are not so far to Chicago, only driving around 20 minutes.
1: Central location
Chicago Located in the central of the United States, not too west or east. It is easy to go other cities and states.
2: Live-able City
Comparing with New York, Washington and Los Angeles, Chicago living cost is lower than those three cities.
3: Diverse City
Chicago has 45% White, 33% Black, 6% Asian and 29% Latino. (Some people belonging more than one race) Chicago has a large number of diversity cultures and people, so Chicago are not racist cities. According to 2010 Census, Chicago has 43,228 Chinese Americans people. Chinese investors will not feel lonely in Chicago.
Chicago named “Best Sports City” by Sporting News in 1993, 2006, 2010. Chicago has two MLB teams: “Chicago Cubs” and “Chicago White Sox”. One NFL team “Chicago Bears” (Won Nine NFL Championships). One NBA team “Chicago Bulls” (Won Six NBA championships). One NHL team “Chicago Blackhawks” (Won Five Stanley Cups).
5: Lake Michigan
Chicago is near Michigan Lake, which is one of the five great lakes of North America and only one located entirely within the United States. There has beautiful lakeshore road; it is good for walking and bicycling in there. Near the lake, there have several parks. For example, Lincoln Park and Grant Park, it is a good place to breathe fresh air and do exercise.
There has a large Chinese American community in Chicago, this community including accounting services, automotive services, restaurant, construction & home improvement, financial services, furniture, grocery and wholesale, insurance, healthcare and so on. You will not worry about hard to enroll in Chicago.
1: Third largest GMP
Chicago has the third largest gross metropolitan product, approximately $532 billion. Due to high level diversity, Chicago having the most balanced economy in the United States. The Chicago metropolitan area has the “third largest science and engineering work force” of any metropolitan area in the nation.
2: Financial Center
Chicago Loop is the second largest central business district in the United States. The city is the headquarters of the Federal Reserve Bank of Chicago. As the business center; the loop hosts the Chicago Board of Trade and Chicago Mercantile Exchange. “The city of Chicago hosts 12 Fortune Global 500 companies and 17 financial Times 500 companies.”
3: Startup Culture
Chicago is home to many largest companies in the United States, like Accenture, Boeing, McDonald’s, and Fortune Brands. So, there have rich resources for startup companies. Chicago also has a large number of Fortune 500s companies, which means a large number of customer resources.