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.
NEW JERSEYJersey ECONOMY: New Jersey is one of the wealthiest states in the U.S.Almost one-tenth of all households, or over 323,000 of 3.3 million, are millionaires, the highest per capita rate of millionaires of any state in the country.
RURAL TEA COUNTIES IN NEW JERSEY:
- Sussex
Warren
Hunterdon
Cumberland
Salem
Atlantic
Cape May
INTERACTIVE RURAL TEA MAP
