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 OHIO: Ohio is one of the significant states in terms of EB-5 investment. As of May 2020, Ohio has 16 approved EB-5 regional centers listed by USCIS. EB-5 investments in Ohio totaled $89.5 million and created 1,600 jobs, the EB-5 Economic Impact Studies showed.
OHIO ECONOMY: The economy of Ohio nominally would be the 21st largest global economy behind Saudi Arabia and ahead of Argentina according to the 2017 International Monetary Fund GDP estimates. The state had a GDP of $656.19 billion in 3rd quarter of 2017, up from $517.1 billion in 2012, and up from $501.3 billion in 2011, according to the Bureau of Economic Analysis.
RURAL TEA COUNTIES IN OHIO:
- Adams
Ashland
Ashtabula
Athens
Auglaize
Champaign
Clinton
Columbiana
Coshocton
Crawford
Darke
Defiance
Erie
Fayette
Gallia
Guernsey
Hancock
Hardin
Harrison
Henry
Highland
Holmes
Huron
Jackson
Knox
Logan
Marion
Meigs
Mercer
Monroe
Morgan
Muskingum
Noble
Ottawa
Paulding
Pike
Preble
Putnam
Ross
Sandusky
Scioto
Seneca
Shelby
Tuscarawas
Van Wert
Vinton
Washington
Wayne
Williams
Wyandot
INTERACTIVE RURAL TEA MAP
