Attracting foreign investment in Louisiana
EB-5 Visa Program and Target Employment Areas
In 1990, Congress established a program to invigorate rural America and metro areas suffering from high unemployment. The Immigrant Investor Program, also known as the EB-5 visa program, attracts foreign investment in rural and struggling areas by providing permanent visas (green cards) to immigrants who make business investments which preserve or create jobs.
Targeted Employment Areas are those where the unemployment rate is at least 150 percent of the national average. Based on the 2012 national annual average unemployment rate of 8.1 percent published by the U.S. Bureau of Labor and Statistics, the threshold to qualify as an area of high unemployment is 12.15 percent.
The Governor has designated the Louisiana Workforce Commission to certify the geographic areas and political subdivisions in Louisiana that qualify as Targeted Employment Areas.
The interactive map below is designed to help evaluate areas for potential investment under the EB-5 visa program.
HOW TO USE THE MAP:
- Hover over a census tract to display labor force data including the unemployment rate.
- To select multiple census tracts, hold the CTRL key. The average unemployment rate for the tracts you’ve selected will be displayed.
- Use the Zoom buttons in the top left corner to zero in or to render a wider view of the map. Double-clicking also allows you to zoom in. To return to the original default zoom level, clicking the Home button.
- You may export maps and data using the export icon at the bottom of the page.