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:
- Accomack
Alleghany
Bath
Bland
Brunswick
Buchanan
Buena Vista City
Carroll
Charlotte
Covington City
Cumberland
Danville city
Dickenson
Emporia City
Essex
Franklin City
Galax City
Grayson
Greensville
Halifax
Henry
Highland
King and Queen
King George
Lancaster
Lee
Lexington City
Louisa
Lunenburg
Madison
Martinsville city
Mecklenburg
Middlesex
Northampton
Northumberland
Norton city
Nottoway
Orange
Page
Patrick
Pittsylvania
Prince Edward
Richmond
Rockbridge
Russell
Shenandoah
Smyth
Southampton
Surry
Tazewell
Westmoreland
Wise
Wythe
INTERACTIVE RURAL TEA MAP
