Lure of Green Cards Brings Big Investments for Remote Resort in Vermont

At this remote outpost by the Canadian border, Bill Stenger is overseeing what he says is the biggest economic development project that Vermont has ever seen.

The price tag for the entire project, which Mr. Stenger says will create 10,000 direct and indirect jobs over several years, is $865 million.

But even more unusual than the size of the undertaking is the method by which Mr. Stenger and his business partner, Ariel Quiros, are financing it. They have tapped into a federal program that gives green cards, or permanent residency, to foreigners who invest at least $500,000 in an American business — the reward for the investment is a chance at United States citizenship.

By KATHARINE Q. SEELYE

Full Story: http://www.nytimes.com/2012/12/31/us/31vermont.html

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Missoula development seeks investment in trade for fast track to citizenship – Northern Rockies Regional Center. http://www.matr.net/article-49290.html