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What's up at Jay Peak?

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Harvey

Re: What's up at Jay Peak?

Administrator

This post was updated on .

What does EB-5 stand for?

"You just need to go at that shit wide open, hang on, and own it." —Camp

Pants

Re: What's up at Jay Peak?

employment based immigration --- there are different levels. google machine - use it!

Big D

Re: What's up at Jay Peak?

EB5 or more accurately EB-5 stands for Employment Based 5th category.

campgottagopee

Re: What's up at Jay Peak?

Interesting....I thought it meant welcome to America, now go home.

x10003q

Re: What's up at Jay Peak?

In reply to this post by PeeTex

PeeTex wrote

Investor: Here is $500k for a share in your company.
CEO: Thanks, will take that and grow the company.

Fast forward 5 years.
Company has been very successful and is on a high growth trajectory.

CEO: We have decided to turn your equity investment into a loan, you will get your money back plus a little interest. Aren't you very happy!

Investor: WHAT! I have an equity stake that is worth way more than I invested and all I get is payback as if it were an unsecured loan.

CEO: You mean you didn't read the fine print, plainly written in American/English legal jargon.

You forgot the most important part - here is your Green Card - you are now a permanent resident of the USA.

PeeTex

Re: What's up at Jay Peak?

x10003q wrote

You forgot the most important part - here is your Green Card - you are now a permanent resident of the USA.

Actually no, My business ethics are country of origin agnostic.

Don't ski the trees, ski the spaces between the trees.

x10003q

Re: What's up at Jay Peak?

This post was updated on .

PeeTex wrote

x10003q wrote

You forgot the most important part - here is your Green Card - you are now a permanent resident of the USA.

Actually no, My business ethics are country of origin agnostic.

What does ethics have to do with buying a green card? That was the main part of the deal.

Adk Jeff

Re: What's up at Jay Peak?

In reply to this post by Harvey

Harvey wrote

What does EB-5 stand for?

Expect to say Bye-bye to your 500K

Snowballs

Re: What's up at Jay Peak?

Banned User

In reply to this post by PeeTex

PeeTex wrote

Actually no, My business ethics are country of origin agnostic.

hehehe....

PeeTex

Re: What's up at Jay Peak?

In reply to this post by x10003q

x10003q wrote

What does ethics have to do with buying a green card? That was the main part of the deal.

If you believe there is a market for Green cards at $500K a pop then I suggest you set up a business taking foreigners money and recruiting homeless people for minimum wadge jobs while you rake in the dough offering your "investors" nothing back but the ability to apply for a green card under EB5.

However - I would look at what the article posted states: "He wanted Stenger and Jay Peak representatives, as well as Gov. Peter Shumlin and other state officials, to be able to say on a trip to Asia that his first batch of investors were being paid back."

If all investors wanted was a green card why are they concerned about getting paid back?
In this case it seems some investors are not happy because they wanted to maintain partial ownership in the project.

Based on principles I am not in favor of EB5 but I can certainly see that it is a good vehicle for getting funding for projects in depressed areas and if those projects are going to be sustainable they need to also be good investments.

You may not see it that way, but that's how I see it.

Don't ski the trees, ski the spaces between the trees.

gorgonzola