Back from an eight-day trip to Asia to court foreign investors, Gov. Peter Shumlin and Jay Peak Resort president Bill Stenger say the mission was a resounding success.
"I'm not prone to hyperbole on this kind of stuff, but it did exceed what I had hoped for," Stenger says. "I was confident it was going to be a good trip, but it turned out even better than I thought."
The delegation, which included Shumlin, Secretary of Commerce Lawrence Miller and an Agency of Commerce employee, met with more than 500 potential investors in four Chinese and Vietnamese cities, Stenger says.
He believes those meetings could result in $50 million worth of investment for Stenger's various Northeast Kingdom development projects. Those include expansions at Jay Peak and Burke Mountain, a biotechnology facility in Newport and other downtown redevelopment projects on Lake Memphremagog.