Five Popular or Up-and-Coming EB-5 Investment Opportunity Industries
The EB-5 immigration program offers an almost unlimited scope for investor immigrants to develop business opportunities in the United States. These investors can start their own US business from scratch if they are willing to invest at least $1 million and create at least 10 full-time jobs for US workers.
Most EB-5 visas, however, are granted to people who invest in existing Regional Center projects in Targeted Employment Areas (TEAs), because under TEA Regional Centers, investors only have to put up $500,000 rather than $1 million. Here are 5 popular and emerging industries that EB-5 experts expect to continue to remain strong.
1. Hospitality and Tourism
The states of California, Florida, Washington, and Vermont all have thriving EB5 projects, and many of them are related to hospitality and tourism. Hotel developments are popular investment vehicles for EB-5 immigrants, and many cities that were hit hard by the 2008 recession are investing in tourism to rebuild. Since these hard-hit areas qualify as TEAs, EB-5 visas may be granted based on the $500,000 investment level.
Today’s tech boom may be unlike the late 1990s “dot com” boom, but it is proving to be a hot sector due to advancements in communications technologies, micro-processing, and development of high tech materials like graphene. Technologically inclined EB-5 immigrants can find plenty of opportunities in the tech sector in many regions of the United States.
3. Gaming and Recreation
The EB-5 Regional Center program has benefitted the gaming and casino industry greatly due to a tight lending market. EB-5 funds have been used for construction of new casino complexes, as well as development of new gaming machines and technologies. States where gaming is big for the EB-5 program include Maryland, Mississippi, Nevada, Pennsylvania, and Nevada. What’s more, EB-5 projects can be located on tribal Native American lands, which are other popular locations for gaming projects.
4. Alternative Energy
The tempting tax breaks for homeowners retrofitting homes with alternative energy technologies like solar panels are over now, but alternative energy is still an important economic sector, and is expected to become even more important as emerging world economies in countries like China, India, and Brazil compete more heavily for fossil fuels. EB-5 investors should find plenty of scope for their interests if it involves alternative energy sources.
Most people don’t think of agriculture as being a particularly “hot” industry, but many EB5 investors are finding that niche agriculture like organic food production can be a solid investment for their EB-5 dollars. Furthermore, many of these agricultural enterprises are smaller in scale than the typical modern American farm, so finding the actual land necessary may be easier in some regions.