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.
Vermont ECONOMY: As of 2017, Vermont’s gross regional domestic product (GDP) was $19.3 billion, making it the second smallest among the 50 states. Its per capita GDP was $51,600, ranking it 34th among the states.
In 2019, VermontBiz reported a WalletHub ranking of Vermont 43rd as place to start a business, citing Vermont as 49th in average growth of small businesses and 50th in the availability of human capital.
RURAL TEA COUNTIES IN VERMONT:
- Addison
Bennington
Caledonia
Essex
Lamoille
Orange
Orleans
Rutland
Washington
Windham
Windsor
INTERACTIVE RURAL TEA MAP
