Targeted Employment Area (TEA) for Census Tract 5587 in Wayne County, Michigan

Created on 10/22/2017 3:01:57 AM (GMT)   Get A Report for a Different Location in 3 Simple Steps

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Overview

This EB-5 census tract report is an unemployment summary to determine if a tract, or combination of tracts, meet the unemployment requirements for the EB-5 program. If you have questions about this report, please feel free to contact us for assistance. Please see the disclaimer at the bottom of this page.

The map to the left shows outlines of the census tract(s) selected for this EB-5 tract report and you may also see the tract(s) on the incentives map.

County-level Data

The section below titled Wayne County Michigan Employment: ACS 5-Year and Bureau of Labor Statistics (BLS) section below shows two sets of employment county-level data. The ACS 5-Year (2011-2015) Survey data are from the American Community Survey and were published in December 2016. The Bureau of Labor Statistics county-level data were published in April 2017.

Counties may qualify if the unemployment rate is at least 150% of the national unemployment average. It is important to know that there are two national unemployment averages with the BLS being the most commonly known and used. The American Community Survey (ACS) also supplies their own estimates and historically a higher percentage than BLS figures. This report takes both the ACS and BLS county and national unemployment under consideration. From our understanding and research, both have been used by petitioners and approved for designation.

Tract-level Data and Eligibility

Data: The Results Using Census Share (Disaggregation) Methodology section below is a combination of the most recent tract-level ACS 5-Year study and BLS county-level unemployment. These two numbers reflect the most recent conditions and may contradict ACS 5-year eligibility. Each state is different as to what unemployment values they can/will accept; so, if one "Census-Share (Disaggregation)" number does not qualify, the ACS unemployment rate may help you make a better case when filing for a designation letter.

Eligibility:Any tract inside a county with high unemployment automatically qualifies regardless of the tract's unemployment rate.


There may be a number of additional options such as City and Rural options available. Feel free to contact us for assistance.

 Hint: Zoom/Pan the map to position the tract(s) into view for the best report printing results.

Wayne County (Michigan) Employment: ACS 5-Year (2011-2015) and Bureau of Labor Statistics (BLS)

For counties, the ACS 5-Year (2011-2015) and the BLS 2016 results are the most current data. Tracts within a high unemployment county may be considered eligible by the state and the USCIS. The BLS line in the table is preferred by many states that mandate the census-share method such as Florida and California; however, the ACS row in the table show the most recent estimates spanning over a five years and may be considered by the state and/or the USCIS.  According to the ACS-5 Year estimates, Wayne County appears to qualify because the unemployment rate was at 14.9%; however the more recent BLS yearly average unemployment rate for Wayne County is 6.4% This is an indication from the BLS that employment has improved in Wayne County. NOTE: The State of Michigan or Wayne County may not accept the ACS 5-year values and only accept more recent BLS employment estimates. Please note that this summary only applies to Wayne County and census tract(s) may qualify, see next section for details.

Source County FIPS Population Labor Force Employed Unemployed Unemployment Rate Qualifies?
ACS 26163 1,396,676 818,618 696,900 121,718 14.9% Yes
BLS 26163 n/a 773,086 723,788 49,298 6.4% No

Results Using Census Share (Disaggregation) Methodology (Most Recent Data)

The values in the table reflect the census share disaggregation method using the ACS 5-Year (2011-2015) and the average county values provided by the BLS in April (2016).

The list of census tracts reflect the result of the changing employment conditions since the ACS 5-year study. If employment improved since then, the newer average unemployment may disqualify an otherwise ACS-qualified targeted employment area. Please check with your state or contact us as the guidelines as to what numbers (ACS-5 Year above or the Census Share) are different state to state.

IMPORTANT: Please verify that your project is in the "(Site)" tract in the table. You may verify that tract 26163558700 -- it was the first selected EB-5 tract on the incentives map.

Note:All census tract information is available after you are logged in and a one-time processing fee payment is processed.
Legal Name FIPS Population Labor Force Employed Unemployed Unemployment Rate Qualifies?
Census Tract 5587, Wayne County, Michigan 26163558700 (Site) Available to logged in users who purchased this report.

ACS 5-Year (2011-2015) Data

The data in the table are from the most recent American Community Survey (ACS) 5-Year (2011-2015) and are the tracts selected on the map. In December 2016, the ACS 5-year (2011-2015) census tract data was released. The unemployment rates in this section may not be preferred by the state and many states prefer unemployment rates generated by the census-share disaggregation methodology -- please see the section above.

IMPORTANT: Please verify that your project is in the "(Site)" tract below. You may verify that the site tract is 26163558700 -- it was the first selected EB-5 tract on the incentives map.

Note:All census tract information is available after you are logged in and a one-time processing fee payment is processed.
Legal Name Tract FIPS Population Labor Force Employed Unemployed Unemployment Rate Qualifies? Qualified
County?1
Census Tract 5587, Wayne County, Michigan 26163558700 (Site) Available to logged in users who purchased this report.

1 As provided by the ACS, the county unemployment rate may be estimated significantly higher than reported numbers supplied by the BLS. We only consider the BLS county-level unemployment rate to determine if all tracts in a county qualify.

Supporting EB-5 Regional Centers

These 4 EB-5 Regional Centers can assist you for projects in Wayne County Michigan. We have a growing network of EB-5 companies and professionals who are ready to assist you. Please contact us so that we may guide you prior to engaging a center who support Wayne County.

Wayne County, Michigan

Contact information is available to users whom are logged in and viewing a purchased report.

Don't See Your Local EB-5 Regional Center?

If your EB-5 center is listed on EB5Projects.com, the EB-5 center may not have the service area(s) (Counties/States) defined at this time. We encourage you to contact EB5Projects.com for a EB-5 center profile review and update. Otherwise, please contact us for assistance.

Disclaimer

ReinID works to maintain the accuracy of its reporting data. However, it is important to note that each state has its own set of guidelines regarding TEA and EB-5 designations. Additionally, the United States Citizenship and Immigration Services (USCIS) has designation oversight. ReinID advises that you contact us for guidance prior to contacting an EB-5 regional center. ReinID makes no guarantees that any census tracts will be accepted. The report is only intended to present supporting data as it is presented by our sources. We urge you to contact us for assistance.

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