North Dakota Rural TEA

The Definition of a RURAL TEA:

1. An area not located within a metropolitan statistical area (MSA) as designated by the Office of Management and Budget;
2. 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 DAKOTA ECONOMY: Agriculture is North Dakota's largest industry, although petroleum, food processing, and technology are also major industries. Its growth rate is about 4.1%. According to the U.S. Bureau of Economic Analysis the economy of North Dakota had a gross domestic product of $55.180 billion in the second quarter of 2018. The per capita income for the state was $34,256, when measured from 2013 to 2017 by the United States Department of Commerce.The three-year median household income from 2013 to 2017 was $61,285.

RURAL TEA COUNTIES IN NORTH DAKOTA:

• Adams
  Barnes
  Benson
  Billings
  Bottineau
  Bowman
  Burke
  Cavalier
  Dickey
  Divide
  Dunn
  Eddy
  Emmons
  Foster
  Golden Valley
  Grant
  Griggs
  Hettinger
  Kidder
  LaMoure
  Logan
  McHenry
  McIntosh
  McKenzie
  McLean
  Mercer
  Mountrail
  Nelson
  Oliver
  Pembina
  Pierce
  Ramsey
  Ransom
  Renville
  Richland
  Rolette
  Sargent
  Sheridan
  Sioux
  Slope
  Stark
  Steele
  Stutsman
  Towner
  Traill
  Walsh
  Ward
  Wells
  Williams

INTERACTIVE RURAL TEA MAP