Business

AnC Bio VT to Break Ground This May!

As reported by The Orleans County Record (4/7/15), groundbreaking for the AnC VT facility in Newport City, VT is scheduled to begin on May 12th.  Construction is expected to take 14 to 16 months.  The facility will house three different activities - research and development of adult stem cell therapies for diseases such as cancer; making human medical devices such as heart pumps and liver & kidney dialysis machines; and, leasing out clean rooms to other biotech researchers.  Its Newport City location is central to the University of Vermont, as well as the big research universities in the New England and Eastern Canada regions.  Further, the new runway being built at the Newport State Airport in Coventry, VT will provide easier market shipments.  About half of the 400 to 450 jobs to be created are expected to be local workers, trained to make devices, with the remaining force being research scientists.  We look forward to the business this new facility will bring to the NEK, and with Newport's Main Street demolition well under way, we can't wait for the Renaissance Block to begin!  Click here for the April 7th media briefing by AnC/Bio's CEO Dr. Ike Lee with developer Bill Stenger.