You propose a very interesting question that may need the attention of the USTeams. We are on the LoCoTeamList page, but further down on the list. We are listed in the "New Community Teams" section rather than the "Approved LoCo Teams".
What I think should be done, is break down the LoCo list into regions to make it easier to find the team you are looking for. Each team should be a member of a greater hierarchy. However, it needs to be set up so that LoCos which reside on a bordering region can be a "child" of multiple regions.
The USTeams has started this, and so far done a good job as a National point of interest (Check the USTeams Wiki for an example). The problem I see, there are people who don't want to join the LoCo as they feel they may have to work to be a part of the group. I've spoken with a large SIG LUG comprized of 20+ users who enjoy using Ubuntu... however, not one of them was interested in joining for fear of having to do extra work. I kind of understand that state of mind with college students though. Being a part of an ACM is no work whatsoever I'm sure.
Nevertheless, we are there... and we are moving to become a recognized LoCo as best we can. Have a look at our roadmap for approval when you have the chance. As you can see by that page, we don't have any major projects outlined just yet. I have my personal endeavors listed on my wiki page but that is outside of the LoCo personally speaking.