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:
- Aitkin
Becker
Beltrami
Big Stone
Brown
Cass
Chippewa
Clearwater
Cook
Cottonwood
Crow Wing
Douglas
Faribault
Freeborn
Goodhue
Grant
Hubbard
Itasca
Jackson
Kanabec
Kandiyohi
Kittson
Koochiching
Lac qui Parle
Lake
Lake of the Woods
Lincoln
Lyon
Mahnomen
Marshall
Martin
McLeod
Meeker
Morrison
Mower
Murray
Nobles
Norman
Otter Tail
Pennington
Pine
Pipestone
Pope
Red Lake
Redwood
Renville
Rice
Rock
Roseau
Steele
Stevens
Swift
Todd
Traverse
Wadena
Waseca
Watonwan
Wilkin
Winona
Yellow Medicine
INTERACTIVE RURAL TEA MAP
