**For Immediate Release**
Jay Peak Resort, Jay, Vt.
Jay Peak is pleased to announce that Hotel Suites Phase II is an I-829 approved project. Congratulations all around.
Thursday March 10th, 2011
Jay Peak Resort and the foreign investor EB-5 visa program projects at the Resort are pleased to announce investor I-526 approvals for the Phase II-B Penthouse Suites project.
Congratulations to those families as they have now passed the important first hurdle by being qualified by USCIS as alien entrepreneurs and as such are now eligible to file US immigrant visa (green card) applications.
Jay Peak Resort EB-5 projects are proud to have a 100% track record of success at all stages of the application process including I-829 petitions submitted for removal of condition.
Jay Peak, Vt.
February 14th is traditionally the day for most people to celebrate Valentine’s Day but this year has come with a twist! Jay Peak Resort is pleased to announce that February 14th will also signify the day that further Phase 1 families received notification from USCIS that their I-829 applications to remove conditions from their lawful permanent residency have been approved.
Happy Valentine’s Day to all and congratulations to those families!
Jay Peak Resort, Vt.Jay Peak, Vt.
Charlotte Albright interviews Jay Peak CEO, Bill Stenger to discuss the positive impacts the EB5 visa program has brought to the Resort, local economy, region and to the EB5 investors.
State of Vermont Governor Peter Shumlin commended the efforts of Bill Stenger and the EB-5 visa program at Jay Peak Resort in his inauguration address:
“Let me give you an exciting example of what I mean by innovation in financing and venture capital. The EB-5 program, championed in Congress by Senator Leahy, is an established means of generating capital that is creating jobs. Thousands of them, right here in Vermont. We must take this program to levels not imagined by its creators. EB-5 gives us a vehicle not only to raise essential capital, but also to spread Vermont’s stellar reputation from one end of the globe to another.
We have a pioneer in this effort, Bill Stenger, of Jay Peak, deep in the Northeast Kingdom, who joins us today. Bill has plumbed this federal program to its fullest potential. Through this initiative he has created over a thousand new jobs in the highest unemployment area of the state that would not otherwise exist”
Please visit the following link to see the NPR story in full.
http://www.npr.org/2011/01/18/132940734/resort-draws-investors-with-immigrant-visa-program
Jay Peak Resort, VT.
Jay Peak is pleased to announce further approvals for removal of conditions (I-829) for eligible families that have filed.
Congratulations to all!
FOR IMMEDIATE RELEASE
June 8, 2010
CONTACT:
Alan G. Cummings, CEO
Seldon Technologies, Inc.
PO Box 710, Windsor, VT 05089 USA
Tel: (802)674-2444 ext. 102; Fax: (802).674-2544
SELDON TECHNOLOGIES, INC. WINS INTERNATIONAL WATER TECHNOLOGY COMPANY COMPETITION
Seldon Technologies, Inc. Selected by The Artemis Project™ as a Top 50 Water Company
Top Innovators in Global Water Technology honored at the BlueTech Innovation Forum
Windsor, Vermont (June 8, 2010) – Seldon Technologies, Inc. announced today that for the second consecutive year, it has been chosen by The Artemis Project™ as a winner of the 2010 Top 50 Water Companies Competition. This award distinguishes Seldon Technologies, Inc. as a leading company in one of the greatest high-growth industries of the 21st Century.
Seldon Technologies was selected based on four criteria: technology, intellectual property and know-how, team and market potential. The panel of distinguished industry experts included: Victor D’Amato, Paul Gagliardo, Paul O’Callaghan, Gayle Pergamit, Rengarajan Ramesh, Andrew Salveson, Jerry Yudelson and Laura Shenkar, Founder of The Artemis Project™ and considered one of the foremost global experts on corporate water strategy and the application of advanced water technologies in commercial and industrial markets.
“The Artemis Project’s Top 50 Water Companies Competition winners have excelled in key areas of the emerging advanced water technology sector,” said Laura Shenkar, Principal of The Artemis Project™. “We are excited to showcase these innovative companies and congratulate them for their achievements in creating solutions that will reinvent the water landscape.”
Seldon CEO Alan G. Cummings commented that: “this honor and recognition for a second consecutive year firmly establishes Seldon’s break-through drinking water filtration technology as a dramatic new entrant in the water industry. Management thanks the entire Seldon team for their hard work and dedication to the invention of our technology which has led to this international recognition. It is particularly significant that Seldon was honored in each of the first two years of this competition.”
About The Artemis Project™
Established in 2000, The Artemis Project™ is a boutique consulting practice that brings unique capabilities to 21st century water management. It combines an understanding of the most advanced water resource management solutions with an international network of developers, investors and users of advanced water technology. As the leading authority on applying advanced water solutions to business operations, The Artemis Project™ specializes in developing holistic water management strategies for major corporations. The Artemis Project™ also supports product launches of advanced water technology into business operations worldwide. The Artemis Project™ actively participates in water industry events and supports environmental policy initiatives. More information is available at http://www.theartemisproject.com/.
The State of Vermont Regional Center is unique in the fact that it is the ONLY State Government owned and operated Regional Center in the USA. All other designated Regional Centers are either owned and operated by private corporate entities or may have a local or State Government affiliation but are operated by a separate private corporation.
The State of Vermont Regional Center and its approved EB-5 visa projects have significant government oversight at the State level from Governor, Jim Douglas and Secretary, Kevin Dorn and at the federal level from United States Senator and Chairman of the Senate Judiciary Committee, Patrick Leahy. Senator Leahy is the driving force behind the EB-5 pilot program as we know it today and played a major part in securing the current 3-year extension signed in to law by President Obama, October 2009.
One misconception that many people who look to utilize an EB5 visa sometimes fail to grasp is that the Regional Center is separate from a particular project they may be interested in investing in. A Regional Center is designated and overseen by the United States Citizenship Immigration Service (USCIS) for a particular geographic area where stated industry activities may occur. USCIS can revoke a Regional Center’s designation should it fail to comply with their requirements but USCIS does not provide oversight for projects in that regional center.
Regardless of location, All EB-5 visa projects that a prospective EB5 investor may look at are privately owned and administered, what that prospective EB-5 investor might want to consider is who is reviewing that project to determine the project will abide by USCIS requirements? A Regional Center cannot protect your investment nor can they provide any kind of indemnity but what a Regional Center can provide is continual EB-5 compliance through initial review to determine that a project is suitable to be offered as an EB-5 investment opportunity in accordance with USCIS requirement then continued monitoring and quarterly audit when project activities commence.
Approved State of Vermont Regional Center projects have a “Memorandum-of-Understanding” (MOU) that creates an agreement between the State Government and the private corporation that will be promoting and administering a project. The MOU provides that a project will governed under the applicable laws in the State of Vermont and that project will comply with USCIS requirement. Foreign Investors can have the confidence and be assured that projects are managed by an independent and qualified authority in State Government.
Sample State of Vermont MOU cover page - Project information redacted
Questions that a prospective investor may want to ask:
• Who owns the Regional Center?
• Who operates the Regional Center?
• If a Regional Center has a Government affiliation is it Local or State-wide?
• Does that Government body determine and approve a project as being suitable?
• Does that Government body provide a legal Memorandum of Understanding?
• Does that Government body oversee and audit projects once they commence?
Responsible officers for the State of Vermont Regional Center are Vermont Secretary of State, Mr. Kevin Dorn and Vermont Agency of Commerce and Community Development Director, Mr. James Candido.
Seldon Clean Water Products
Seldon Technologies Inc., a Windsor Vermont based green technologies business has been extending their global reach by providing products for use in humanitarian and relief efforts around the world. This is part one of a multi-part blog that will highlight those efforts.
It’s just water, right?
Many of us take water for granted but much of the developing world and areas that has been ravaged by natural disaster are in dire need of safe drinking water. Worldwide, more than 2 million people die each year from diseases caused by unclean water and poor sanitary conditions. Every five seconds, a child dies from a water-borne disease. Seldon Technologies has developed clean water products that address this critical need.
Garnier River considered the dirtiest river in Haiti
Windsor company ships help to Haiti
Seldon Technologies stepped to the forefront and has been recognized by the United States Congressional Record (volume 156, issue 23) for their help with disaster relief in Haiti. Seldon products have been deployed to provide the people of Haiti with safe drinking water filtered from some of the most harsh conditions.
Seldon WaterBox™ has been donated for use at the Garnier River of Haiti. A river home to the raw sewage of 10 camps up stream. It is considered the dirtiest river in Haiti. The first day of deployment the Haitian adults and children looked on, incredulous, as the Americans drank the Garnier River water from the filter system.
Seldon WaterBox™ filters Garnier River water
Two days later when the Americans remained healthy there was a line for water. The people of Haiti continue to pump the filtered water and remain healthy. The WaterBox™ has potentially saved a countless number of innocent lives and continues to serve those people and the aid workers when no other means is available.
Patented Carbon Nano-Technology allows Seldon products to purify any ground water source to beyond United States Environmental Protection Agency drinking standards without the need for chemical, power, heat or wait time. The system is simple to use and maintain, does not waste water nor remove important minerals necessary for good health.
Upcoming articles provide insight to Seldon’s efforts in Rwanda, Ghana, Tamil Nadu (India), Tanzania, Kenya and Zambia.
Jay Peak, VT
I-829 (removal of conditions) continue to roll in for Phase I investors. One of those investors was kind enough to provide copies of the approval letters issued for his family.
(note: names redacted to protect identity)
I-797 notice of action
I-829 approval notice
EB-5 Vermont