California Rural TEA
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.
EB-5 MARKET IN CALIFORNIA: California is the top state in terms of EB-5 investments and most popular with foreign investors. As of May 2022, California has 158 approved regional centers listed by USCIS.
CALIFORNIA ECONOMY: California, known as The Golden State, is the most populous state in the U.S. and third largest by area. California is the biggest sub-national economy in the world. Its gross state product was $3 trillion in 2018, the largest in the country. The main industries are government, agriculture, film industry, technology, services and tourism.
RURAL TEA COUNTIES IN CALIFORNIA:
- Alpine County
Del Norte County
Humboldt County except for Eureka city
INTERACTIVE RURAL TEA MAP