The little-known EB-5 visa program offers international investors a deal: Put up $500,000 for a project that creates 10 jobs and get a green card in return. Here's a look 5 projects funded through the program.
$17.5 million from 35 investors
Founded in 1955, Jay Peak has expanded from a winter ski resort to a three-season retreat. To fund further growth, it's tapped the EB-5 program to help raise $100 million.
"This capital will help us build year-round facilities that we desperately need in order to be competitive, but also helps us create full-time job opportunities for so many citizens throughout Northern Vermont's highest unemployment communities," Jay Peak owner Bill Stenger said recently at a Congressional hearing. "This program can really help other small businesses in Vermont."
NEXT: Northern Beef Packers
- Trump attacks Morning Joe's Mika in tweets
- Apple vs. Google: Which is the better stock?
- Most McDonald's in India's capital are closed (for now)
- Staples is selling itself for a fraction of its former value
- Will a corporate tax cut benefit the middle class?
- The Trump economy got off to a sluggish start