At the end of December, Jay Peak Ski Resort in Vermont officially launched its new Public House Lodge, as the program was largely financed by foreign investors to participate in the regional EB-5.
Bill Stenger, the owner of the resort, says Jay Peak has received investment of 35 nationals of other countries, for a total of $ 17,500,000 to open the new shelter, the repair includes 57 luxury suites, several restaurants, a bar, a fitness center and ski rental andShop, VermontBiz.com relations. This was the signal of the new era of resort and is a shining example of a well managed EB-5 program is working and you do not mind about the benefits of the investors involved, but also the community where the project is located.
According to Stenger Britons about 60 percent of the investors, the rest are nationals of countries including Brazil, China, India, Korea, Mexico and Canada. The expansion is expected to create hundredsjobs at the resort and two in the area of New Orleans County.
The owners of Jay Peak told the magazine that the source of EB-5 Visa programs seemed to draw potential investors, mainly from Canada and the United Kingdom, United States, and young entrepreneurs who want to enroll their children in an American withdrawal University .
Sugarbush Resort in Warren, Vermont, is also from funds EB-5 visa holders to finance a new40,000 square feet of guest services center and the expansion of the ski slope, but at the time of this article, we could not confirm if Sugar Bush has authorized claims are processed or all the I-526th
In return for their investment, the foreign financiers presented a conditional green card, granting the petitioner, their spouses and their children (under 21) the right to live and work in the United States, and after a period of 2 This year the application is then submitted toto review and eliminate the conditions that the investor has the right to full citizenship.
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