The Definition of a RURAL TEA:
- An area not located within a metropolitan statistical area (MSA) as designated by the Office of Management and Budget;
- Or the outer boundary of any city or town having a population of 20,000 or more based on the most recent census.
What does a rural TEA mean for industry professionals and investors?
The RIA Act of 2022 created a unique set aside for areas designated as RURAL.
A project that is located in a rural TEA qualifies for priority processing of Form I-526 by United States Citizenship and Immigration Services. These investors will qualify for set-aside visas from the rural TEA classification, which makes up 20% of the yearly allocation of EB-5 visas.
ALASKA ECONOMY: In a report compiled by the Alaskan Government, the real GDP of Alaska was $51.1 billion in 2011, $52.9 billion in 2012 and $51.5 billion in 2013. 2004 and 2006, the federal government was responsible for 135,000 Alaska jobs, the petroleum sector provided 110,000 jobs and all other industries and services combined for 122,000 jobs.
RURAL TEA COUNTIES IN ALASKA:
- Aleutians East
Aleutians West
Bethel
Bristol Bay
Denali
Dillingham
Haines
Hoonah-Angoon
Juneau
Kenai Peninsula
Ketchikan Gateway
Kodiak Island
Kusilvak
Lake and Peninsula
INTERACTIVE RURAL TEA MAP
