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Posted October 02. 2013 11:49AM

Ragged Mountain resort wins EB-5 citizenship approval for two foreign investors

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Ragged Mountain viewed from across Newfound Lake in Bridgewater. 

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. 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.