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.
MICHIGAN ECONOMY: The U.S. Bureau of Economic Analysis estimated Michigan’s Q3 2018 gross state product to be $538 billion, ranking 14th out of the 50 states. Products and services include automobiles, food products, information technology, aerospace, military equipment, furniture, and mining of copper and iron ore.
RURAL TEA COUNTIES IN MICHIGAN:
- Alcona
Alger
Allegan
Alpena
Antrim
Arenac
Baraga
Benzie
Branch
Charlevoix
Cheboygan
Chippewa
Clare
Crawford
Delta
Dickinson
Emmet
Gladwin
Gogebic
Grand Traverse
Gratiot
Hillsdale
Houghton
Huron
Ionia
Iosco
Iron
Isabella
Kalkaska
Keweenaw
Lake
Leelanau
Lenawee
Luce
Mackinac
Manistee
Marquette
Mason
Mecosta
Menominee
Missaukee
Montmorency
Newaygo
Oceana
Ogemaw
Ontonagon
Osceola
Oscoda
Otsego
Presque Isle
Roscommon
Sanilac
Schoolcraft
Shiawassee
St. Joseph
Tuscola
Wexford
INTERACTIVE RURAL TEA MAP
