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.
RHODE ISLAND ECONOMY: Rhode Island’s 2000 total gross state production was $46.18 billion , placing it 45th in the nation. Its 2000 per capita personal income was $41,484 (adjusted to inflation), 16th in the nation. Rhode Island has the lowest level of energy consumption per capita of any state.
RURAL TEA COUNTIES IN RHODE ISLAND:
- Burrillville
Charlestown
East Greenwich
Exeter
Foster
Glocester
Hopkinton
Jamestown
Little Compton
New Shoreham
North Smithfield
Portsmouth
Richmond
Scituate
Smithfield
Tiverton
West Greenwich
Westerly
INTERACTIVE RURAL TEA MAP
