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 MEXICO ECONOMY: Oil and gas production, tourism, and federal government spending are important drivers of New Mexico’s economy. In 2017 New Mexico’s gross domestic product was $94.2 billion.
RURAL TEA COUNTIES IN NEW MEXICO:
- Catron
Chaves
Cibola
Colfax
Curry
DeBaca
Eddy
Grant
Guadalupe
Harding
Hidalgo
Lea
Lincoln Los Alamos
Luna
McKinley
Mora
Otero
Quay
Rio Arriba
Roosevelt
San Miguel
Sierra
Socorro
Taos
Union
INTERACTIVE RURAL TEA MAP
