Targeted Employment Area: Chesapeake city, Virginia

Created on 12/15/2017 2:12:57 PM (GMT)(GMT)

UPDATE: The Bureau of Labor Statistice release 2016 unemployment averages for Chesapeake city in April.

The sections below outline two sets of Local Area Unemployment Statistics (LAUS) for Chesapeake city Virginia and the EB-5 program. The ACS 5-Year is from the American Community Survey and the more recent data provided by the project's city, Chesapeake city, Virginia to the Bureau of Labor Statistics. In the report below, if the "Qualifies" column indicates "Yes" , then Chesapeake city qualifies by either the ACS or the BLS (or both). Please note that if the ACS data qualifies and the more recent BLS data indicates does not, there is an indication that employment conditions are improving and that a project in Chesapeake city may not be granted a designation letter -- or depending on project type, target areas, and Virginia requirements, an EB-5 project may considered by either ACS or BLS unemployment rate during the approval processes.

Chesapeake city Virginia Employment Status

Source County FIPS Population Labor Force Employed Unemployed Unemployment Rate Qualifies
ACS 51550 180,680 114,491 105,953 8,538 7.5% Yes
BLS 51550 n/a 116,459 111,486 4,973 4.3% No

Supporting EB-5 Regional Centers

Sorry, we do not have any record of an EB-5 Regional Centers supporting this area; however, please contact us and we'll get you the assistance you need.

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