|Requirements||Supporting Documents (Evidence)*|
|New Commercial Enterprise||Evidence that you have invested in a “for profit” new commercial enterprise, which is a commercial enterprise:
Evidence, if applicable, that your new commercial enterprise has been established and is principally doing business in a targeted employment area (TEA).
|Managing the New Commercial Enterprise||Evidence that you will be actively involved in the management of the new commercial enterprise (day-to-day or through policy).|
|Investment||Evidence that you have invested or are in the process of investing the amount required ($1 million or $500,000).
Evidence that the investment funds were obtained through lawful means. Evidence that the capital used was legally acquired may be demonstrated by the following:
|Job Creation||Evidence that the new commercial enterprise will create at least 10 full-time positions—not including yourself, your spouse, sons or daughters, or any temporary or nonimmigrant workers, or individuals who are not authorized to work in the United States. You will need to submit a comprehensive business plan showing that, due to the nature and projected size of the new commercial enterprise, the need for not fewer than 10 employees will result. Include approximate dates, within the next two years, and when each employee will be hired.
* Note: Regional center-affiliated cases must show that the capital investment was made in accordance with the regional center’s business plan in order to be credited with the creation of indirect jobs.
|Job Preservation—Troubled Business||The same evidence which is mentioned above for job creation except instead of the evidence that the business will create at least 10 new jobs, you must submit evidence that:
The number of existing jobs is being or will be maintained at no less than the pre-investment level for a period of at least two years. Photocopies of tax records, Forms I-9 (Employment Eligibility Verification), or other relevant documents for the qualifying employees and a comprehensive business plan shall be submitted in support of the petition.
* Note: To be approvable, at least 10 jobs must be maintained.
* Note: Regional center-affiliated cases must show that the capital investment was made in accordance with the regional center’s business plan in order to be credited with the preservation of indirect jobs.