I am interested in learning more about the rural set-aside, including the definition of a rural area TEA and the required investment amount. Can there be rural non-TEA areas? How does rural compare with the high unemployment and infrastructure categories?
Answers
Lynne Feldman
EB-5 Immigration attorneysTEA means targeted employment area – the government designates these based on the address. Similarly rural areas are designated based on address.
Bernard P Wolfsdorf
EB-5 Immigration attorneysRural means generally outside Metropolitan Statistical commuting area and less than 20,000 population. TEA is 150% of national unemployment rate. Rural gets 20% of allocation so if you from China or India, that’s a plus but key is to evaluate the specific project you seeking to invest. There are good and bad projects in both categories. Yes there are non-Rural and non-TEA and investment amount is $1,050,000.
Belma Demirovic Chinchoy
EB-5 Immigration attorneysRural means outside a city/MSA.
TEA means in a city/MSA and with high unemployment.
Under the law, I526/Es based on an investment in a rural area should have processing priority.
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