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 COLORADO: Colorado is not the biggest EB-5 market in the U.S, but it has some opportunities for foreign investors. As of May 2020, Colorado has 11 approved regional centers listed by USCIS.
COLORADO ECONOMY: Colorado, known as the Centennial State, is the 21st most populous state in the U.S. Its GDP is about $ 353 billion. The state has been ranked as one of the most business-friendly places in the U.S. The main industries are agriculture, manufacturing, mining and tourism. There are also many federal facilities in the area. Additionally, Colorado is a major beer producer. Colorado has a flat 4.63% income tax rate for everyone, regardless of income.
RURAL TEA COUNTIES IN COLORADO:
- Alamosa Archuleta
Baca
Bent
Chaffee
Cheyenne
Conejos
Costilla
Crowley
Custer
Delta
Dolores
Eagle
Fremont
Garfield
Grand
Gunnison
Hinsdale
Huerfano
Jackson
Kiowa
Kit Carson
La Plata
Lake
Las Animas
Lincoln
Logan
Mineral
Moffat
Montezuma
Montrose
Morgan
Otero
Ouray Phillips
Pitkin
Prowers
Rio Blanco
Rio Grande
Routt
Saguache
San Juan
San Miguel
Sedgwick
Summit
Washington
Yuma
INTERACTIVE RURAL TEA MAP
