Vt. business delegation headed to Asia

08/11/09 6:34AM

Gov. Jim Douglas will lead a delegation of Vermont businesses to Asia this fall to try to drum up investments.

The group will stop in South Korea, Hong Kong, and Taiwan.

Douglas says Vermont's economy has benefited tremendously from foreign investments through the EB-5 Immigrant Investor Program, which gives foreign investors preferential consideration for visas if they make qualified investments in new commercial enterprise.

Douglas says in most areas of Vermont, the required investment is $500,000.

The governor points to expansions at Jay Peak and Sugarbush ski resorts as two successful EB-5 projects that are expected to generate over $100 million of investment in the state and create over 1,500 jobs.

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