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.
MARYLAND ECONOMY: The Bureau of Economic Analysis estimates that Maryland’s gross state product in 2016 was $382.4 billion. Maryland’s economy benefits from the state’s proximity to the federal government in Washington, D.C., with an emphasis on technical and administrative tasks for the defense/aerospace industry and bio-research laboratories, as well as staffing of satellite government headquarters in the suburban or exurban Baltimore/Washington area.
RURAL TEA COUNTIES IN MARYLAND:
- Caroline
Dorchester
Garrett
Kent
Talbot
INTERACTIVE RURAL TEA MAP
