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 NEVADA: Nevada is a moderate destination for EB-5 investors. As of May 2020, Nevada has 27 approved regional centers listed by USCIS.
NEVADA ECONOMY: The economy of Nevada is tied to tourism (especially entertainment and gambling related), mining, and cattle ranching. Nevada’s industrial outputs are tourism, entertainment, mining, machinery, printing and publishing, food processing, and electric equipment. The Bureau of Economic Analysis estimates Nevada’s total state product in 2018 was $170 billion.
RURAL TEA COUNTIES IN NEVADA:
- Churchill
Douglas
Elko
Esmeralda
Eureka
Humboldt
Lander
Lincoln
Lyon
Mineral
Nye
Pershing
White Pine
INTERACTIVE RURAL TEA MAP
