NEK Economic Development Initiative/EB-5 projects update

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NEK Economic Development Initiative/EB-5 projects update

Tue, 10/07/2014 - 12:23pm -- Anonymous

The Jay Peak Biomedical Research Park received an Act 250 Permit in September authorizing construction of the 84,934-square-foot, four-story, AnC Bio bio-medical manufacturing facility at 172 Bogner Drive in Newport, according to the Northeastern Vermont Development Association. Work will begin in October and hundreds of area construction workers will be employed. AnC Bio will conduct cutting-edge research on stem cells; manufacture artificial organs like portable dialysis machines and heart-lung machines; and operate clean rooms. The building will be FDA certified throughout the construction process and biomedical projects that will take place in the facility will be FDA approved before work begins.  

Q Burke Mountain Resort:  

  • 75% of the steel installation is complete. Wood construction will begin in 2-3 weeks.
  • Paving will begin on a portion of the Toll Road that runs up to Mid-Burke Lodge. A new road will be built to the new hotel and parking lot. Both will be paved.
  • At present there are 100-200 employees on the job each day primarily doing concrete work. As the project goes forward, the number of workers on site will increase to approximately 400.
  • Jerry Davis, President of PeakCM Construction and general contractor for the 180,000 square foot hotel and conference center, reports the project is ahead of schedule.
  • Note: Visitors and workers are required to sign in at the PeakCM construction trailer before entering the construction site. 

Visit PeakCM Construction at for updated webcam photos and drone videos. 

Newport State Airport:  

In September, the Federal Aviation Administration awarded $8.8 million to extend the runway and make infrastructure improvements, greatly enhancing current and future economic development in the NEK region. Water Quality and Wetland permits were issued from the VT Department of Environmental Conservation and construction has begun on drainage work and tree removal. Work on the runway will start in the Spring.

Source: Northeastern Vermont Development Association 10.7.2014