Minnesota 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.
EB-5 MARKET IN MINNESOTA:
MINNESOTA ECONOMY: Minnesota's per capita personal income in 2019 was $58,834, the thirteenth-highest in the nation. ranking thirteenth in the U.S. and fifth among the 36 states not on the Atlantic coast.
RURAL TEA COUNTIES IN MINNESOTA:
Lac qui Parle
Lake of the Woods
INTERACTIVE RURAL TEA MAP