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.
KENTUCKY ECONOMY: Kentucky exports reached a record $22.1 billion in 2012, with products and services going to 199 countries.
According to the Kentucky Cabinet for Economic Development, the primary state agency in Kentucky responsible for creating new jobs and new investment in the state, new business investment in Kentucky in 2012 totaled nearly $2.7 billion, with the creation of more than 14,000 new jobs.
RURAL TEA COUNTIES IN KENTUCKY:
- Adair
Anderson
Ballard
Barren
Bath
Bell
Boyle
Breathitt
Breckinridge
Caldwell
Calloway
Carlisle
Carroll
Carter
Casey
Clay
Clinton
Crittenden
Cumberland
Elliott
Estill
Fleming
Floyd
Franklin
Fulton
Garrard
Graves
Grayson
Green
Harlan
Harrison
Hart
Hickman
Hopkins
Jackson
Johnson
Knott
Knox
Laurel
Lawrence
Lee
Leslie
Letcher
Lewis
Lincoln
Livingston
Logan
Lyon
Madison
Magoffin
Marion
Marshall
Martin
Mason
McCracken
McCreary
Menifee
Mercer
Metcalfe
Monroe
Montgomery
Morgan
Muhlenberg
Nelson
Nicholas
Ohio
Owen
Owsley
Perry
Pike
Powell
Pulaski
Robertson
Rockcastle
Rowan
Russell
Simpson
Taylor
Todd
Trigg
Union
Washington
Wayne
Webster
Whitley
Wolfe
INTERACTIVE RURAL TEA MAP
