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New England Bankers Talk EB-5 Newport

A group of New England banking, housing and investment leaders will visit Vermont to talk about a project to develop the Northeast Kingdom with help from foreign investors through the EB-5 investment program.

The Federal Reserve Bank of Boston's New England Community Development Advisory Council will hold its regional meeting at the Gateway Center in Newport City on Sept. 9 in partnership with the Newport City Renaissance Corp.

The Caledonian Record reports the meeting is called “Strengthening New England's Rural Economies.”

Officials will discuss whether the EB-5 Immigrant Investor Program could be used by other rural communities in New England.

The EB-5 program grants investors a path to U.S. residence in exchange for investments.

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