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A Vermont delagation including Gov. Douglas traveled to South Korea to convinced AnC Bio that Vermont is the
ideal location for a biotech company to thrive in the United States Exact date unkown http://www.uskoreaconnect.org/files/states/US%20Korea%20Connect_Vermont%20State%20Brochure_Embassy_92613.pdf -
The protection of investor interests will now be the responsibility of the Department of Financial Regulation. The Agency of Commerce and Community Development, which had been solely responsible for EB-5 marketing and oversight, will now handle promotion only. http://vermont.gov/portal/government/article.php?news=5336
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At the governor’s behest, the state agency that oversees the EB-5 immigrant investor program has asked the Department of Financial Regulation to determine whether the $118 million biotech project in Newport complies with state and federal securities laws. http://vtdigger.org/2015/03/22/vtdigger-exclusive-state-suspends-approval-for-eb-5-funded-biotech-company/
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VT digger reports that the SEC is conducting a review and inquiry. The principals of the Jay Peak companies, Bill Stenger and Ariel Quiros, have been interviewed, and the SEC has asked the developers for financial information. http://vtdigger.org/2015/06/24/jay-peak-projects-under-sec-investigation/?utm_source=VBM+Mailing+List&utm_campaign=55759b783e-Enews_6_25_2015&utm_medium=email&utm_term=0_85838110bc-55759b783e-286298381
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Department of Financial Regulation has approved a revised private placement memorandum for the Q Burke Resort Hotel and Conference Center http://www.burlingtonfreepress.com/story/news/local/2015/07/16/burke-hotel-gets-go-ahead-state/30266227/