Virgia 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.
VIRGINIA ECONOMY: Virginia's economy has diverse sources of income, including local and federal government, military, farming and high-tech. The state's average earnings per job was $63,281, the 11th-highest nationwide, and the gross domestic product (GDP) was $476.4 billion in 2018, the 13th-largest among U.S. states.
RURAL TEA COUNTIES IN VIRGIA:
Buena Vista City
King and Queen
INTERACTIVE RURAL TEA MAP