Illinois 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.
ILLINOIS ECONOMY: The 2018 total gross state product for Illinois was $857 billion, placing it fifth in the nation. The economy of Illinois is the fifth largest by GDP in the United States and one of the most diversified economies in the world.
RURAL TEA COUNTIES IN ILLINOIS:
INTERACTIVE RURAL TEA MAP