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.
ARKANSAS ECONOMY: The economy of Arkansas produced US$119 billion of gross domestic product in 2015. Six Fortune 500 companies are based in Arkansas, including the world’s #1 corporation by revenue, Walmart. Arkansas’s per capita income for 2010 was $36,027. The three-year median household income from 2009-11 was $39,806, ranking forty-ninth in the nation.
RURAL TEA COUNTIES IN ARKANSAS:
- Ashley
Baxter
Boone
Bradley
Calhoun
Carroll
Chicot
Clark
Clay
Cleburne
Columbia
Conway
Cross
Dallas
Desha
Drew
Franklin
Fulton
Greene
Hempstead
Hot Spring
Howard
Independence
Izard
Jackson
Johnson
Lafayette
Lawrence
Lee
Logan
INTERACTIVE RURAL TEA MAP
