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 MASSACHUSETTS:
MASSACHUSETTS ECONOMY: The United States Bureau of Economic Analysis estimates that the Massachusetts gross state product in 2020 was $584 billion, making it the third-highest state in the nation. Sectors vital to the Massachusetts economy include higher education, biotechnology, information technology, finance, health care, tourism, manufacturing, and defense.
RURAL TEA COUNTIES IN MASSACHUSETTS:
- Dukes
Franklin
Nantucket
INTERACTIVE RURAL TEA MAP
