| Nov. 28th, 2015

Path to Green Card Provided for Foreign Investors in Western Maine

Wealthy foreigners can buy their way to an American Green Card if they invest at least $500,000 and create more than 10 jobs in Franklin County or Livermore Falls, Maine.

An announcement was made yesterday about the "EB-5 Immigrant Investor" opportunity by Maine Department of Economic and Community Development Commissioner George Gervais and Saddleback General Manager Christopher Farmer, who created a joint venture that spearheaded the special designation for the region.

"Growing up in Franklin County, I watched hundreds of good quality manufacturing jobs disappear from the area, leaving the state for foreign lands," Farmer said at a press conference in Augusta. "This is a unique opportunity to bring investment dollars back from those areas to Franklin County and create good-paying long-term jobs."

Farmer got the idea to apply for the program after learning how successful Jay Peak in Vermont was at attracting foreign investment through its regional EB-5 center.

Under new ownership by a family with ties to the area, Saddleback has improved quite a bit over the last few years. In 2008, the mountain replaced an old T-bar to the top of the ski area with the Kennebago Quad Chair. The ski resort has also had a beautiful new base lodge since 2004.

Photo of Saddleback from its website.


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