Matt Dunne sends open letter to Sue Minter regarding single source contract for Newport State Airport

Vermont Business Magazine Matt Dunne today sent the following letter to Sue Minter regarding information his campaign received about a single source state contract with Ariel Quiros for management of the Newport State Airport. Sue Minter ? Molly Ritner, Campaign Manager Sue Minter for Vermont P.O. Box 583 Waterbury, Vermont 05676 Dear Sue, In recent days, our … Read moreMatt Dunne sends open letter to Sue Minter regarding single source contract for Newport State Airport

Durst taps EB-5 program to finance Astoria waterfront building

Majority of the Hallets Point development was shelved after expiration of 421a Life, liberty and the pursuit of capital. The Durst Organization is looking to raise a quarter of the funds for a residential building at its Hallets Point project from immigrants looking for green cards. The developer is seeking to raise $100 million through the EB-5 program … Read moreDurst taps EB-5 program to finance Astoria waterfront building

Andre Hurst Meets With Senate Judiciary Chair

Andre Hurst of HIRC has been meeting with several members of the Senate Judiciary Committee to discuss the proposed changes in the EB-5 Visa program.  Andre Hurst discussed with Senator Chuck Grassley of Iowa the recent legislative proposals that were presented to members of the Judiciary.  Senator Charles Grassley is the new Chairman of the … Read moreAndre Hurst Meets With Senate Judiciary Chair

Jay Peak Was On Vt. Radar 4 Years Ago

State officials ignored warnings as much as four years ago that the Jay Peak developers had potentially misused immigrant investor funds, documents indicate. Douglas Hulme, owner of the EB-5 consulting firm Rapid USA Visas, had the ear of state officials in May 2012, public records obtained by VtDigger show, and Hulme had challenged the very … Read moreJay Peak Was On Vt. Radar 4 Years Ago

Documents Suggest State Ignored Warnings About Jay Peak In 2012

State officials ignored warnings as long as four years ago that the Jay Peak developers had potentially misused immigrant investor funds, documents indicate. Douglas Hulme, owner of the EB-5 consulting firm Rapid USA Visas, had the ear of state officials in May 2012, public records obtained by VTDigger show, and Hulme had challenged the very … Read moreDocuments Suggest State Ignored Warnings About Jay Peak In 2012

Video: Jonathan Falik discusses the 2016 hotel finance and investment environment

Jonathan Falik, CEO of JF Capital Advisors, speaks with David Sudeck, senior member of JMBM’s Global Hospitality Group® at JMBM’s 2016 Meet the Money® – the national hotel finance and investment conference. They discuss the current hotel market, the availability of capital, and what lenders and capital providers are looking for. David Sudeck: We’re at … Read moreVideo: Jonathan Falik discusses the 2016 hotel finance and investment environment

Head Of Vermont’s EB-5 Regional Center Submits Resignation

State officials say the man responsible for promoting economic development projects in Vermont through the federal EB-5 program has resigned from his position. Gene Fullam, a former Wall Street investment banker and analyst, resigned after less than a year on the job as the head of Vermont’s EB-5 Regional Center. Few details regarding Fullam’s departure … Read moreHead Of Vermont’s EB-5 Regional Center Submits Resignation

Working Age Employment Levels Still Below 1999 Levels.

Working Age Employment Levels Still Below 1999 Levels. Dismal Employment Outlook for Ages 25 to 54 Written by Steve Kritzer on Tuesday July 24th 2015Updated July 25th 2015 Subjects: employment, unemployment, working age, labor statistic Employment levels Employment levels for this age group (25 to 54) are still below the levels attained in 1999 (-586,000). … Read moreWorking Age Employment Levels Still Below 1999 Levels.

Galbraith Wants To Curb Lobbyists’ Influence On Lawmaking

Democratic gubernatorial candidate Peter Galbraith rolled out a seven-point ethics proposal on the steps of the Statehouse Thursday, that would mitigate undue influence on lawmakers. “Too often in the building behind us, the special interest prevails over the broader public interest,” Galbraith said. “Even a single wealthy or well-connected individual hiring a lobbyist can turn … Read moreGalbraith Wants To Curb Lobbyists’ Influence On Lawmaking

Doral DoubleTree by Hilton is latest EB-5 hotel project to break ground in South Florida

Another new South Florida hotel is nearing reality, thanks in part to a federal program that allows foreigners to invest here in exchange for permanent U.S. residency, under select conditions. On Friday, officials from Driftwood Acquisitions & Development of Coral Gables and American Opportunity Regional Center of Miami broke ground on the new EB-5 hotel … Read moreDoral DoubleTree by Hilton is latest EB-5 hotel project to break ground in South Florida

Perspectives On The EB-5 Scandal

Debate continues over what state officials knew when about the alleged EB-5 fraud in the Northeast Kingdom.  Four guests join us today to discuss the situation. We’ll hear an update from independent investigative reporter Hilary Niles on the latest details of new information that has come to light. Mike Pieciak,  the commissioner of the Department … Read morePerspectives On The EB-5 Scandal

One-percenters: Rich EB-5 immigrants get free service at taxpayer expense

The Obama administration’s fetish for wealthy foreign nationals — expressed through relentless promotion of an immigrant investor program — has spilled over to a little-known bureaucratic backwater: the Ombudsman’s Office of the U.S. Citizenship and Immigration Services. The office was originally established to help poor, marginally literate migrants navigate their way into America. Now it … Read moreOne-percenters: Rich EB-5 immigrants get free service at taxpayer expense

NES Financial’s EB-5 Fund Administration Solution Selected by NuRide Transportation Group LLC

NES Financial announced today that NuRide Transportation Group LLC has implemented its EB-5 Fund Administration Solution on the company’s New York City Green project. New York City Green is an overall transportation solution designed specifically for accessibility needs. An ongoing project, NuRide Transportation Group LLC provides nearly every type of vehicular transportation service, including an … Read moreNES Financial’s EB-5 Fund Administration Solution Selected by NuRide Transportation Group LLC

Jay, Burke resorts to be sold separately

Jay Peak and Burke Mountain will be sold separately, according to receiver Michael Goldberg. A federal court in Miami seized control of both resorts in April after the Securities and Exchange Commission filed a complaint accusing owner Ariel Quiros and CEO Bill Stenger of perpetuating massive fraud related to the EB-5 program. Goldberg was appointed … Read moreJay, Burke resorts to be sold separately

With New Protections In Place, EB-5 Project At Okemo Allowed To Resume Soliciting Investors

An EB-5, foreign-investor funded project at Okemo Mountain Resort in Ludlow has been cleared to resume soliciting money from immigrant investors, and state regulators say the SouthFace Village at Okemo project has added a number of new investor protections. The SouthFace Village project is billed as a “four-season luxury home community” at Okemo Mountain Resort, … Read moreWith New Protections In Place, EB-5 Project At Okemo Allowed To Resume Soliciting Investors

Mount Snow ‘extremely frustrated’ by holdup for EB-5 funding

Completion of Mount Snow’s new West Lake snowmaking system is not likely to be ready this winter as the ski resort waits on cash from the EB-5 funding program. “We don’t know for certain yet,” said Dick Deutsch, vice president of business and real estate development at Peak Resorts. “We don’t think it will be. … Read moreMount Snow ‘extremely frustrated’ by holdup for EB-5 funding

SEC Sanctions Unregistered EB-5 Investments Broker

We previously warned that some individuals involved with arranging EB-5 investments may be required to register as broker-dealers (see “Immigrant Investor Program Raises SEC Broker Registration Issues” in the Summer 2014 Expect Focus and “SEC Charges EB-5 Brokers for Not Registering” in the Summer 2015 Expect Focus). Now, an SEC administrative law judge has ordered … Read moreSEC Sanctions Unregistered EB-5 Investments Broker

Moulton Named Interim Head Of Vermont Technical College

The state’s secretary of commerce and community development has been appointed interim president of Vermont Technical College. Patricia Moulton will replace outgoing president Dan Smith on a temporary basis. But Moulton says she hopes to fill the job permanently. “It’s my intent to apply and I’m hopeful that in my interim capacity I can convince … Read moreMoulton Named Interim Head Of Vermont Technical College

The Truth of the Matter: Time to close the EB-5 program

Susan Donegan and Patricia Moulton are the leaders of two critical state agencies – The Vermont Department of Financial Regulation and The Vermont Department of Commerce. They have worked in state government for many years and are capable leaders. The problem is that they are responsible for a state/national program that has not gone well … Read moreThe Truth of the Matter: Time to close the EB-5 program

Mitsubishi Motors North America, Inc., A Subsidiary of Mitsubishi Motors Corporation Manufacturing Division, Including On-Site Leased Workers From ETG, HRU Technical Resources, Kelly Temporary Services, Randstad Technologies (Formerly Technisource), STL Commercial Staffing (Formerly Firstaff), MPW Industrial Services, and Allied Barton Security Services, Normal, Illinois; Amended Certification Regarding Eligibility To Apply for Worker Adjustment Assistance

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LPL Financial LLC, Business Technology Services Including On-Site Leased Workers From Insight Global, LLC, Sogeti, And SPS Providea San Diego, California; LPL FINANCIAL LLC, BUSINESS TECHNOLOGY SERVICES CHARLOTTE, NORTH CAROLINA LPL Financial LLC Business Technology Services Boston, Massachusetts; Amended Certification Regarding Eligibility To Apply for Worker Adjustment Assistance

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AK Steel Corporation Ashland Works, a Subsidiary of AK Steel Holding Corporation Including Workers Whose Wages Were Reported Through RMI International and ESM Group Inc., Including On-Site Leased Workers From Manpower, Inc.; Atlas Industrial Contractors, Inc.; OMI Refractories, LLC DBA Bisco Refractories; Early Construction Company; Enerfab, Inc.; IBM Global Services; Marquis Terminal; Maxim Crane Works; May Contracting Inc.; Minteq International; Phoenix Teq-Ashland, LLC; Premise Health; Superior Environmental Solutions, Inc.; Stein, Inc., And Vesuvius USA Corporation Ashland, Kentucky; Amended Certification Regarding Eligibility To Apply for Worker Adjustment Assistance

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D+H USA Corporation, a Subsidiary of DH Corporation, Including On-Site Leased Workers From Alexander Connections, LLC and Volt, Including Workers Whose Unemployment Insurance (UI) Wages Are Reported Through Harland Financial Solutions, Inc., Portland, Oregon; D+H USA Corporation, a Subsidiary of DH Corporation, Including On-Site Leased Workers From Volt, Bothell, Washington; Amended Certification Regarding Eligibility To Apply for Worker Adjustment Assistance

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