During a tour of a new assembly line at DR Power Equipment in Winooski Wednesday, U.S. Sen. Patrick Leahy (D-Vt.), Gov. Peter Shumlin (D-Vt.) and Country Home Products CEO Joseph Perrotto announced that the company has attracted more than 20 foreign investors who will contribute more than $10 million in capital through Vermont’s EB-5 Regional Center Program. The capital will help the firm retain about 200 jobs at the company’s Vergennes headquarters and Winooski assembly facility.
During their visit to DR Power Equipment, Leahy and Shumlin had a chance to try out one of the company’s newest products, a mechanized log splitter that the company says splits wood six times faster than ordinary log splitters -- the DR RapidFire Log Splitter. While Leahy and Shumlin split wood, Perrotto explained that the new EB-5 investment would help the firm bring other new products to market. Perrotto said that the company had benefited from the Vermont Manufacturing Extension Center’s Innovation Engineering program, which helped bring the product from idea to market in less than six months.
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