Governor Douglas is flying off to Korea and other Asian nations this October. With his delegation of business leaders Douglas is off to sell not just investment in Vermont but citizenship in the USA through investment. For $500,000 dollars (half the amount required in other areas) and 10 jobs later and you can get to be a citizen through the Federal EB-5 program.
Foreign travel is always good for broadening ones horizons and policy experience but show us the jobs Jim, the ones this program may have already created. The EB-5 program has been in use in Vermont already and according to the gov. benefited Vermont tremendously so take the time (the trip is in October) to document why this is in fact working for the state as a whole. Justify your flight; show your numbers flash your stats .How many jobs have been created by EB-5 investment to date, how long do they last, what are the wages paid? What has the EB-5 done for Vermont to date? Justify it with some facts, then go, enjoy. But don’t forget to let the Lt. Governor know you are headed out of state.
Governor Jim Douglas announced he will lead a delegation of Vermont business leaders seeking investors for their companies, especially through the EB-5 program, on a mission to Asia in October, which will include stops in South Korea, Hong Kong, and Taiwan. The EB-5 Immigrant Investor Program gives preferential consideration for permanent resident visas to immigrants who make qualified investments in a new commercial enterprise that will create at least 10 full-time jobs. In most areas of Vermont the required investment is only $500,000 – half the standard $1 million required in most other areas of the country.
“Vermont’s economy has benefited tremendously from the investments made in our businesses through the EB-5 program,” Governor Douglas said. “This trip will allow us to showcase the opportunities for investors here in Vermont, as well as to promote general trade with these countries.”
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