Vt.'s Leahy Touts Foreign Investor Program - FOX44 - Burlington / Plattsburgh News, Weather & Sports

Vt.'s Leahy Touts Foreign Investor Program

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MONTPELIER, Vt. -

     (AP) - U.S. Sen. Patrick Leahy of Vermont is hailing renewal of a program designed to encourage investment in the United States by foreign job creators.

The EB-5 Immigrant Investor program allows conditional working papers to be given to foreign nationals who want to come to the United States to build businesses that provide jobs to Americans.

 Two Vermont resorts, Jay Peak and Sugarbush, have used the program to help big development projects. Other firms taking advantage of the program include DR Power Equipment in Vergennes and AnC Bio in Newport.

The U.S. House this past week passed legislation renewing the program. The Senate had approved it earlier and it's now headed to President Barack Obama for his signature.

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