Tennessee Rural TEA
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:
INTERACTIVE RURAL TEA MAP