Vt. trade delegation heading to China
JAY — Vermont’s Jay Peak Resort is funding a nine-day state trade mission to China next month.
The resort is picking up the tab for travel and accommodations for Gov. Peter Shumlin, the head of the state Agency of Commerce & Community Development, and the state’s international trade and foreign investment specialist with the Vermont EB-5 Regional Center.
Jay Peak co-owner Bill Stenger and the resort’s project manager, Alex MacLean, will join them.
The EB-5 immigrant investor program offers a path to residency to eligible foreigners who invest $500,000 to $1 million in a qualified American business. Vermont operates an EB-5 regional center to promote the investment program in the state. Most of a large-scale development project in the Northeast Kingdom, including at Jay, is being helped by such investments.
MacLean, the governor’s former deputy chief of staff and campaign manager, said state attendance on the trip — particularly the governor — raises investors’ confidence in the projects.
“It says a lot about our projects that the governor of the state of Vermont is endorsing them. It means a lot to potential investors,” she said.
The trip runs Sept. 21 through Sept. 29, with stops in Beijing and Shenzhen, then Vietnam before a return to Shanghai.MORE IN This Just In
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