Public pays for McAullife ‘photo opportunity fund’

Kenric Ward
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Jun 30, 2014 7:48 AM
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Public pays for McAullife ‘photo opportunity fund’

RICHMOND, Va. — A Chinese paper company’s decision to open a plant in Virginia reflects a larger strategy to bring more of China’s business to the United States.

The prospect of reaping $30 million-plus from Virginia taxpayers — and millions more through a federal immigration program — sweetened the pot for Shandong Tranlin Paper Co., Ltd.

“We are at the beginning of a new chapter in the Chinese economy: the age of outbound private investment,” notes Dan Redford, vice president of investor relations at Civitas Capital Group.

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