Shumlin hopes to drum up investors at Fla. trip
COLCHESTER — Vermont Gov. Peter Shumlin is traveling to Miami to attract investors for a big economic development project in the Northeast Kingdom.
Developer Bill Stenger hopes to use foreign investments raised through a program called EB-5 to expand Jay Peak Resort, build a bio-tech research and manufacturing center, and make upgrades to the state airport in Coventry.
Shumlin said he promised Stenger and his partners to help raise the $600 million they estimate will be needed to create some 10,000 jobs in the area.
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