Colorado 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 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
INTERACTIVE RURAL TEA MAP