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.
NORTH CAROLINA ECONOMY: According to the Bureau of Economic Analysis, the state’s 2010 total gross state product was $424.9 billion, making it the ninth wealthiest state in terms of gross domestic product. Most of North Carolina’s small towns historically developed around textile and furniture factories.
RURAL TEA COUNTIES IN NORTH CAROLINA:
- Alleghany
Anson
Ashe
Avery
Beaufort
Bertie
Bladen
Camden
Carteret
Caswell
Cherokee
Chowan
Clay
Cleveland
Columbus
Dare
Duplin
Graham
Granville
Greene
Halifax
Harnett
Hertford
Hyde
Jackson
Lee
Lenoir
Macon
Martin
McDowell
Mitchell
Montgomery
Moore
Northampton
Pasquotank
Perquimans
Polk
Richmond
Robeson
Rutherford
Sampson
Scotland
Stanly
Surry
Swain
Transylvania
Tyrrell
Vance
Warren
Washington
INTERACTIVE RURAL TEA MAP
