SECTION 1.Section 16G of chapter 6A, as appearing in the 2016 Official Edition, is hereby amended by inserting after subsection (n) the following subsection:-

“(o) Massachusetts EB-5 Authority.

(1) Definitions. In this subsection the term ‘TEA districts’ means ‘targeted employment area’, as defined in 8 C.F.R. 204.6(e).

(2) TEA District Designations.

(i)The secretary may draw TEA districts, subject to the requirements of this subsection.

(ii)In addition to the authority to draw TEA districts, all TEA district designations shall be certified by the secretary—

(A)in accordance with any federal requirements, including 8 U.S.C. § 1153(b)(5) and 8 C.F.R. 204.6(i); and

(B)upon the recommendation of the secretary of the executive office of labor and workforce development.

(iii)The secretary shall prioritize certification of TEA districts located within a gateway municipality, as defined in section 3A of chapter 23A.

(iv)The TEA district designations, as described in clauses (i) and (ii), shall include—

(A)evidence of such designation, including a description of the boundaries of the geographic or political subdivision; and

(B)the method or methods by which the unemployment statistics were obtained.

(v)The TEA district designations shall be made available to the public.

(3) Authority to Create Regional Center. The secretary may adopt regulations to establish a regional center, as defined in 8 C.F.R. 204.6(e), and impose administrative charges to fund the personnel and operating expenses of the regional center. ”.