Two of the key pieces of any EB-5 submission are the Business Plan and ensuring the investment is located in a TEA. Ruby Law Group is experienced in both of these areas.

Any EB-5 petition requires the submission of a Business Plan that meets the requirements of a case called Matter of Ho. This requires a credible business plan that describes how and why the investment is more likely than not to create at least 10 jobs per investor. There are a number of additional suggestions for the type of information that should be included in this plan. In the past, Mr. Ruby has prepared Business Plans for both regional center projects and direct EB-5 investments that have been approved by USCIS. Mr. Ruby has written the business plans for over 20 approved regional center projects, representing several hundred investors, as well as many highly-personalized direct investment plans. With just basic information from the business owner or project sponsor, we can tailor a unique, credible Business Plan for your project that will ultimately be accepted and approved by USCIS.

Since late 2019, individual EB-5 investors can no longer rely on state agencies to designate Targeted Employment Areas (or “TEA’s”), which allow for a reduced EB-5 investment amount. While the definition of a “rural” TEA is unchanged, investors investing within MSA’s now must follow stricter rules about what constitutes a TEA and also provide the most up-to-date Census or other government agency-sourced data to demonstrate their project is taking place in a TEA. Mr. Ruby has been calculating TEA’s since at least 2013 and, while in the past this work was done and submitted to various state agencies for their review and designation of the TEA’s, we now use our expertise to provide these services directly to investors and project sponsors.

Get in touch with us today to discuss either of these unique offerings - pruby@rubylawgroup.com or 646-745-7458.