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VT SIGNS COOPERATIVE AGREEMENT WITH ANC BIO
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 -
INVESTOR INTERESTS TO BE REGULATED BY VT Department of Financial Regulation
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 -
STATE OF VT SUSPENDS APPROVAL OF NEWPORT BIO PROJECT
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/ -
SEC investigation
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 -
State give go head for Q-Burke
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/