New Mexico Economic Development Department. All Rights Reserved.
Under the EB-5 program entrepreneurs (and their spouses and unmarried children under the age of 21) are eligible to apply for a green card (permanent residence) if they:
This program is known as EB5 for the name of the employment-based fifth preference visa that participants receive.
Capital means cash, equipment, inventory, other tangible property, cash equivalents and indebtedness secured by assets owned by the alien entrepreneur, provided that the alien entrepreneur is personally and primarily liable and that the assets of the new commercial enterprise upon which the petition is based are not used to secure any of the indebtedness. (Note: Investment capital cannot be borrowed.)
Required minimum investments are:
A targeted employment area is an area that, at the time of investment, is a rural area or an area experiencing unemployment of at least 150 percent of the national average rate. You may submit a Request for TEA.
A rural area is any area outside a metropolitan statistical area (as designated by the Office of Management and Budget) or outside the boundary of any city or town having a population of 20,000 or more according to the decennial census.
Contact Juan Torres, Director of Finance Development Programs, Juan.Torres@state.nm.us or 505.827.0238.