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.
UTAH ECONOMY: ccording to the Bureau of Economic Analysis, the gross state product of Utah in 2012 was US$130.5 billion, or 0.87% of the total United States GDP of US$14.991 trillion for the same year. Major industries of Utah include: mining, cattle ranching, salt production, and government services.
RURAL TEA COUNTIES IN UTAH:
- Beaver
Carbon
Daggett
Duchesne
Emery
Garfield
Grand
Iron
Juab
Kane
Millard
Piute
Rich
San Juan
Sanpete
Sevier
Summit
Tooele
Uintah
Wasatch
Wayne
INTERACTIVE RURAL TEA MAP
