|By Marketwired .||
|October 2, 2013 12:21 AM EDT||
DANBURY, NH -- (Marketwired) -- 10/02/13 -- Ragged Mountain Resort and the New Hampshire EB-5 Regional Center jointly announced today that the United States Citizenship and Immigration Services granted the first two I-526 investor approvals for the project. Based on the typical operating mode of the USCIS, more approvals are expected soon for those investors who have already placed funds with the Regional Center.
The United States EB-5 program allows foreign investors who are granted an I-526 approval to receive a 2-year conditional "green card" if they pass an extensive background check and invest a certain amount in approved projects that create a minimum amount of American jobs. The program was established in 1991, and citizens of China, South Korea, and England have been the largest beneficiaries of the program over the course of the past 22 years.
"The I-526 approvals are important for each EB-5 project because that is what allows the investors to receive a 2-year conditional 'green card,'" explained Dave Strong, president of the New Hampshire EB-5 Regional Center. "During that time, the USCIS performs detailed analysis and review to determine if the investment has created the required number of permanent American jobs along with other required criterion. If so, the EB-5 investor could then receive a permanent green card and begin realizing the benefits of living and working in the United States."
Pacific Group, the owner of Ragged Mountain, started the New Hampshire EB-5 Regional Center two years ago as a means of financing improvements and growth at the resort. Based on the investments received to date, and the USCIS approvals, the resort has begun construction of a new snow tubing park, expanded beginner terrain, and a new food service location to better serve the guests. Just those investments are expected to support a significant number of permanent jobs at the resort. Many more jobs will be created as the resort clears and opens additional ski terrain on Pinnacle Peak, which is an adjacent mountain top with a slightly higher elevation just to the east of the existing resort summit. If the New Hampshire EB-5 Regional Center raises its full goal of $35 million in capital, a minimum of 700 new jobs will be created in and around Danbury, New Hampshire.
"We've been very fortunate," noted Mike Clark, Director of the EB-5 program for the New Hampshire Regional Center. "We received our first two I-526 approvals in just about 8 months, and we didn't have any questions from the USCIS on either of them. This paves the way for other approvals, and it is very gratifying for our team who has worked extremely hard to provide clean documentation for our investors."
ABOUT THE EB-5 PROGRAM
A foreign national, who must pass an extensive background check, may gain access to permanent "green card" status in the United States by investing at least $500,000 into a project or business that has been approved by the USCIS in a rural or economically distressed area. For each $500,000 invested, 10 permanent U.S. jobs need to be created for the investor to qualify for "green card" status. More information about the EB-5 program is available at pgc.us/eb5.php.
ABOUT THE NEW HAMPSHIRE EB-5 REGIONAL CENTER
The New Hampshire EB-5 Regional Center ( nheb5rc.com/ ) was founded in 2010 to provide funding for projects associated with Ragged Mountain in Danbury, New Hampshire. The Center has a goal of raising $35 million which, if fully realized, would create at least 700 new American jobs in a rural area. The New Hampshire EB-5 Regional Center was founded and sponsored by Pacific Group, a Salt Lake City based developer, operator and owner of Ragged Mountain Resort.
ABOUT PACIFIC GROUP
The Pacific Group is a premier developer responsible for billions of dollars of commercial real estate development and construction of resort properties, industrial business parks, retail, office buildings, multi-family apartment and condo buildings, and master planned communities. (www.pgc.us) Together the Pacific Group's management, affiliates and partners have constructed over 1,000 projects including some of the finest golf and ski resort properties throughout North America such as Copper Mountain Village, Colorado; Wolf Creek Ranch, Utah; Village at Squaw Creek, Lake Tahoe CA; Village at Mammoth CA; and Ritz Carlton North Shore, Vancouver Canada.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2420312
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Aug. 29, 2016 10:15 PM EDT Reads: 281
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Aug. 29, 2016 10:00 PM EDT Reads: 2,485
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Aug. 29, 2016 08:30 PM EDT Reads: 2,438
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
Aug. 29, 2016 08:15 PM EDT Reads: 1,869
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
Aug. 29, 2016 08:00 PM EDT Reads: 911
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
Aug. 29, 2016 07:45 PM EDT Reads: 1,661
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Aug. 29, 2016 07:00 PM EDT Reads: 1,980
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Aug. 29, 2016 06:45 PM EDT Reads: 836
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
Aug. 29, 2016 06:15 PM EDT Reads: 325
StarNet Communications Corp has announced the addition of three Secure Remote Desktop modules to its flagship X-Win32 PC X server. The new modules enable X-Win32 to safely tunnel the remote desktops from Linux and Unix servers to the user’s PC over encrypted SSH. Traditionally, users of PC X servers deploy the XDMCP protocol to display remote desktop environments such as the Gnome and KDE desktops on Linux servers and the CDE environment on Solaris Unix machines. XDMCP is used primarily on comp...
Aug. 29, 2016 06:15 PM EDT Reads: 794
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Aug. 29, 2016 04:30 PM EDT Reads: 3,567
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Aug. 29, 2016 02:15 PM EDT Reads: 3,745
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...
Aug. 29, 2016 02:00 PM EDT Reads: 1,002
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Aug. 29, 2016 12:45 PM EDT Reads: 2,028
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
Aug. 29, 2016 12:15 PM EDT Reads: 840