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.
TENNESSEE ECONOMY: As of 2021, Tennessee had a gross state product of $418.3 billion. In 2020, the state’s per capita personal income was $30,869. The median household income was $54,833. About 13.6% percent of the population was below the poverty line. In 2019, the state reported a total employment of 2,724,545 and a total number of 139,760 employer establishments. Tennessee is a right-to-work state, like most of its Southern neighbors. Unionization has historically been low and continues to decline, as in most of the U.S
RURAL TEA COUNTIES IN TENNESSEE:
- Bedford
Benton
Bledsoe
Carroll
Claiborne
Clay
Cocke
Coffee
Cumberland
Decatur
DeKalb
Dyer
Fentress
Franklin
Gibson
Giles
Greene
Grundy
Hancock
Hardeman
Hardin
Haywood
Henderson
Henry
Houston
Humphreys
Jackson
Johnson
Lake
Lauderdale
Lawrence
Lewis
Lincoln
Marshall
INTERACTIVE RURAL TEA MAP
