Gov. Peter Shumlin and Jay Peak president Bill Stenger say their eight-day fundraising trip to Asia was a big success.
The Vermont delegation met with more than 500 potential EB-5 investors during stops in China and Vietnam.
Stenger says those contacts could generate up to $50 million for his Northeast Kingdom development projects.
The governor says oversight by the state makes the program more appealing to foreign investors.
"Really what I went to do was to talk about Vermont's EB-5 program-- the only program in the country where the state runs the program, where we scrutinize the projects and therefore can give a level of scrutiny to these projects that the other states aren't able to do," said Shumlin, D-Vermont.
Under the EB-5 program, foreigners can invest $500,000 in qualifying projects in exchange for legal residency for the investor and their family.
Friday, April 18 2014 2:27 PM EDT2014-04-18 18:27:58 GMT
Vt. State Police say a small plane has crashed on Interstate 89 north in Highgate. A state airport official confirms that a single-engine aerobatic plane was in the vicinity of the Franklin County StateMore >>
The pilot of a small plane parachuted to safety before his aircraft crashed on Interstate 89 north in Highgate Friday afternoon. More >>
Friday, April 18 2014 1:02 PM EDT2014-04-18 17:02:32 GMT
A sugaring season was cut short in Swanton overnight after a shed caught fire. Fire officials tell us they got the call around 1:30 a.m. Friday for the sugarhouse fire on Woods Hill Road. They say theMore >>
Sugaring season was cut short in Swanton early Friday morning after a shed caught fire. More >>
Friday, April 18 2014 12:36 PM EDT2014-04-18 16:36:37 GMT
New York lawmakers are engaging the public in the fight against the rise of opiate addiction. The state Senate has created a task force to hear from law enforcement, health care, social service and educationMore >>
New York lawmakers are engaging the public in the fight against the rise of opiate addiction.More >>
Friday, April 18 2014 10:04 AM EDT2014-04-18 14:04:26 GMT
This week, the first line of emergency responders are being recognized for their work. National Telecommunicators Week ends Saturday. It's a national week honoring the men and women who work around-the-clockMore >>
This week, the first line of emergency responders are being recognized for their work.More >>