Seldon Technologies Could Give Vermont EB-5 Regional Center a Black Eye

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Just about a year ago, in the fall of 2014, the Vermont EB-5 Regional Center was one of 17 honored for the number of I-829 approvals that had been granted relative to projects within the center’s purview during the federal government’s 2014 fiscal year. The 116 approved I-829s represented the creation of 1,160 jobs across seven separate projects coordinated through the Regional Center.

Projects funded through the Vermont EB-5 Regional Center have included the Jay Peak Ski Resort and the Trapp Family Lodge. Another was Seldon Technologies, a water-purification device manufacturer.

It appeared as things were going well at Seldon until the company suddenly closed its doors without warning, leaving all of its 32 employees unemployed.

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