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.
WEST VIRGINIA ECONOMY: The state has a projected nominal GSP of $63.34 billion in 2009 according to the Bureau of Economic Analysis report of November 2010, and a real GSP of $55.04 billion. The real GDP growth of the state in 2009 of .7% was the 7th best in the country. West Virginia was one of only ten states in 2009 that grew economically.
RURAL TEA COUNTIES IN WEST VIRGINIA:
- Barbour
Braxton
Calhoun
Doddridge
Gilmer
Grant
Greenbrier
Hardy
Harrison
Jackson
Lewis
Logan
Marion
Mason
McDowell
Mercer
Mingo
Monroe
Morgan
Nicholas
Pendleton
Pleasants
Pocahontas
Randolph
Ritchie
Roane
Summers
Taylor
Tucker
Tyler
Upshur
Webster
Wetzel
Wyoming
INTERACTIVE RURAL TEA MAP
