Research for Florida
The state of Florida maintains a list of Targeted Employment Areas, of which there are currently 33.
Rural areas included are Bradford County, Calhoun County, Citrus County, Columbia County, DeSoto County, Dixie County, Franklin County, Glades County, Gulf County, Hamilton County, Hardee County, Hendry County, Jackson County, Lafayette County, Levy County, Liberty County, Madison County, Monroe County (excluding Key West), Okeechobee County, Putnam County, Sumter County, Suwanee County, Taylor County, Union County, Walton County, and Washington County.
The list of non-rural high-unemployment areas is subject to regular change based on fluctations in unemployment rate. The list in August 2012 included Palm Coast MSA (Flagler County), Hernando County, Hialeah City (in Miami-Dade County), Miami Gardens City (in Miami-Dade County), and Fort Pierce City (in St. Lucie County).
To qualify as an immigrant investor, a foreign national must invest, without borrowing, the following minimum qualifying capital dollar amounts in a qualifying commercial enterprise:
- $1,000,000 (U.S.); or
- $500,000 (U.S.) in a high-unemployment or rural area, considered a targeted employment area.
A qualifying investment must, within two years, create full-time jobs for at least 10 U.S. citizens, lawful permanent residents, or other immigrants authorized to work in the United States, not including the investor and the investor’s spouse, sons, or daughters.
A Targeted Employment Area (TEA) is a region of the United States for which the threshold for investment for an investor to be eligible for the EB-5 visa is $500,000 (as opposed to the usual $1,000,000 threshold for the US as a whole). There are two kinds of TEAs: high unemployment areas (defined as areas having unemployment more than 150% the national average calculated by the Bureau of Labor Statistics) and rural areas (defined as areas outside a Metropolitan Statistical Area).
Start a construction company that focuses on helping SEA LEVEL Beach properties.
Will Sea-Level Rise Kill Coastal Florida’s Housing Market?
But the rush to build in Florida, especially along the coasts, ignores a stubborn fact: Sea-level rise threatens the long-term viability of the state’s cities. Last summer, the online real estate database company Zillow estimated that 1 in 8 Florida houses could be under water by the end of this century, which could wipe out at least $400 billion in property values statewide.
Solar Energy Companies are Rising in USA. Florida is prime for solar and wind clean energy businesses.