#eb 5 projects in texas

EB 5 Projects in Texas, the world's 8th largest economy and the 2nd Most Pulpulated State After California, are valued at over $2.4 trillion.

As of May 2020, Texas has 68 approved EB-5 regional centers listed by USCIS, showcasing its significant role in attracting EB-5 investments.

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    The Market for EB-5 Projects In Texas

    According to the U.S. Department of Commerce reports, the Texas regional center is prominent for its EB-5 investments, which are known for substantial job creation. Investments through the EB-5 program, many Texas regional centers contributed a significant $818.67 million to the state's economy while facilitating over 14,300 job opportunities during the 2014-2015 period. As of May 2020, the state is home to 68 USCIS-approved EB-5 regional centers in Texas for EB 5 investment projects.

    Texas State Economy

    Texas, often called The Lone Star State, holds its status as the United States' second-largest state in both area and population. It's also second in line for the largest economy in the country, with its gross state product reaching over $2.4 trillion, confirming its place as a powerhouse of economic activity. The state's economy thrives on diverse industries, notably including energy—particularly petroleum and natural gas - agriculture, and technology, with a notable presence in sectors such as biotechnology, information technology, and semiconductors.

    The economic landscape of Texas has also been appealing for businesses, with Texas leading the nation in economic expansion in the latter part of 2022, continuing to grow at a vigorous pace. This growth is demonstrated by the state adding 291,400 jobs from February 2023 to February 2024 and reaching a new historic high in its labor force, which now stands at over 15 million. Additionally, Texas proudly boasts the headquarters of more than 50 Fortune 500 companies, which reflects its strong business climate. This is partly due to Texas not levying a personal state income tax, which, coupled with relatively lower property costs, makes it an attractive destination for individuals and businesses.

    Furthermore, Texas continues to set the pace with its dynamic and expanding economic scenario, marked by impressive job creation numbers and significant investments in various projects that promise many new jobs and substantial capital investment.

    For an in-depth look at Texas' economy and the latest statistics, the Texas Economic Snapshot provided by the Office of the Texas Governor and the economic outlook report from the Federal Reserve Bank of Dallas offers extensive details on the current economic status.

    Population of Texas

    As of July 1, 2023, Texas's population is estimated to be 30,503,301, making it the second most populated state in the United States after California. This is a 1.58% increase from 2022 when the population was 30,029,848. Texas also led the country in population growth in 2023, adding 473,453 people.

    As of July 2023, Texas's population has reached approximately 30.5 million, marking a 4.7% increase from its April 2020 base. The demographic composition has seen shifts, with Hispanic or Latino residents now comprising 40.2% of the population, overtaking the percentage of White, non-Hispanic, or Latino residents at 39.8%. This demographic shift underscores Texas's growing diversity.

    In three of the five most populous counties, Hispanic Texans do make up the largest population group, according to the TDC’s estimates. In Bexar County, Hispanic Texans make up a full majority at 61%. In none of those five urban counties do white Texans make up a majority.

    Historical population

    Census Population 
    2023 30,503,301
    2022 30,029,848
    2020 29,145,459

    Texas State Immigration Situation

    In Texas, immigrants play a significant role in the state's demographic and economic landscape, with the largest number coming from Mexico. According to the American Immigration Council, one in six residents is an immigrant, and they are a driving force in the local economy, with 28% of self-employed business owners being immigrants who generated $8.1 billion in annual revenue. However, the demographic makeup of Texas's immigrant population is evolving. A Pew Research Center study found that while Mexican immigrants previously made up a larger share of the unauthorized population, their proportion decreased from 73% in 2016 to 55% in 2021, indicating a diversification in the origins of Texas's immigrant population. 

    Examples of EB 5 Projects in Texas

    eb 5 projects in texas

    Fig:1 Example of completed EB 5 projects in Texas -Texas Eb-5 Regional Center, ID1031910057


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