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I guess Newport never heard of requiring a developer to require a bond or some other type of security.
Here is the punch line from the "article":Vermont EB-5 Regional Center Awarded
[FONT=Verdana, Times New Roman, Times, Serif]Vermont EB-5 Regional Center Awarded[/FONT]
The award was given by the Association to Invest in the USA. Stenger is a board member of the organization. The organization is an industry trade organization for the EB-5 Regional Center Program. They list their primary mission as the "permanent authorization of the EB-5 Regional Center Program by Congress."
Seriously? That would be like if I gave myself an award for "World's Greatest Skier".
If that really is true, all it is is nonsense for them to put in forward/future marketing materials.
Guess who appears to have put out the press release? You will be shocked:
I can't find any other center that has issued a press release about this award. (Not saying that they don't exist - just that I didn't find one.) It's odd that the IIUSA, in a separate press release, mentions "spotlighting" 17 EB-5 Regional Centers at an award ceremony, but they don't give a list of who the "award" winners were, nor do they say what the criteria was for the award, other than a vague reference to I-829 approvals. (See: http://www.prweb.com/releases/2014/11/prweb12310062.htm )
One has to wonder if being a board member helped Mr. Stenger at a time when help was needed.
The meh: the way that they calculate "jobs created" (or kept) renders the real job growth questionable.