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.
NEW HAMPSHIRE ECONOMY: The Bureau of Economic Analysis estimates that New Hampshire’s total state product in 2018 was $86 billion, ranking 40th in the United States. Its agricultural outputs are dairy products, nursery stock, cattle, apples and eggs. Its industrial outputs are machinery, electric equipment, rubber and plastic products, and tourism is a major component of the economy.
RURAL TEA COUNTIES IN NEW HAMPSHIRE:
- Belknap
Carroll
Cheshire
Coos
Grafton
Merrimack
Sullivan
INTERACTIVE RURAL TEA MAP
