Federal and state officials differ on approach to shutdown of regional center
Despite Vermont’s big problems with EB-5, the foreign investment program, has led to major expansions at Mount Snow.
And that trend may continue, even in the wake of recent news that the federal government intends to shut down the state-run EB-5 regional center.
Executives at the Dover resort wouldn’t comment on the state’s latest EB-5 travails.
But Mount Snow administrators in recent weeks have touted their progress on an initial round of EB-5 projects, while also confirming that they’ve requested federal permission to establish a new, independent EB-5 regional center that could handle future projects without state involvement.
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