Funding Needed
$118 (Mio)
EB5 Funding
$110 (Mio)
EB-5 Investors
Investment Amount


Job Creation per Investor
Job Creation (Total)
Healthcare and Social Assistance
Medical Laboratories


Newport, Vermont

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Last Update: January 27, 2022 10:58 AM

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Jay Peak - AnC Bio Vermont

Developer Name
Bill Stenger

Project Description

Under construction is a Bio-Tech research development and medical device manufacturing company headquartered in Newport, Vermont. One of the most beneficial parts of the AnC Bio facility will be the operation of 50 clean rooms; climate controlled germ free testing facilities.  This will allow companies and universities to conduct research in FDA approved facilities and to develop products and test research assumptions under approved controlled conditions. The high-tech facility will produce artificial organs, adult-stem cell therapies, and various dialysis machines. The 85,000 sq.ft. facility will be built in the newly formed biotechnology campus located near Jay Peak in the Jay Peak Biomedical Research Park, a 40 acre campus.

These types of facilities are in very short supply in the U.S. and Canada and high rental demand exists.

  • GMP/GLP Lease & Services for R&D for biomedical products.
  • Development and manufacture of Stem Cell based Therapies
  • Development and manufacture of novel Artificial Organ


Jay Peak Resort, incooperation with the State of Vermont, has developed six highly successful EB-5 investment projects. Since 2007, Jay Peak has welcomed over 600 investors from over 74 countries and have a 100% success record with I-526 and I-829 applications. In doing so, the Jay Peak EB-5 projects have created thousands of jobs in the Northern Region of Vermont.


Project Timeline

Funding for the project will be completed by the end of September 2015. Construction started on the research facility in the spring of 2015. The facilities will open for operation in the fall of 2016 and be in full operation before the end of 2017.

News & Updates

Judge: FBI interviews of Shumlin administration in EB-5 fraud case must be unsealed
January 23, 2022
Secret FBI statements from ex-Gov. Shumlin, other state leaders in EB-5 case may be revealed
January 23, 2022
Lawyer for bilked EB-5 investors calls on federal judge to reverse secrecy ruling By Alan J. Keays
November 14, 2021
State responds to what it knew and when in Jay Peak fraud case
October 31, 2021
Settlement deal in EB-5 kickback case may hinge on laying blame on state
February 04, 2021
Quiros, facing prison time in EB-5 fraud case, seeks OK to move to Puerto Rico
November 04, 2020
VTDigger brings lawsuit over state’s latest denial of EB-5 records
November 02, 2020
Stenger, Quiros courtroom clash looms in EB-5 criminal fraud case
October 10, 2020
EB-5 kickback lawsuit back on track for trial as another case faces hurdles
September 09, 2020
Auditor issues interim EB-5 report; deeper probe into state’s role in scandal paused
September 08, 2020
Jay Peak loses bid to reduce tax bill by $1 million
August 26, 2020
Quiros admits to federal crimes in EB-5 fraud
August 14, 2020
Quiros pleads guilty to Jay Peak EB-5-related fraud, faces 8 years
August 14, 2020
EB-5 fraud trial moved back; Stenger’s lawyers push to grill Quiros
August 07, 2020
Quiros Plea Postponed
August 07, 2020
Quiros set to enter guilty pleas Friday in EB-5 fraud case, faces up to 8 years
August 06, 2020
Quiros ‘trying to do the right thing,’ his attorney says of expected guilty plea
July 10, 2020
Quiros, cooperating with prosecutors, expects to plead guilty in EB-5 fraud case
July 10, 2020
Jay Peak receiver’s bill for EB-5 cleanup now tops $8M
July 02, 2020
Judge refuses to throw out AnC Bio fraud charges against Quiros, Kelly
June 19, 2020
Accused fraudster Quiros hires new lawyer who has run into own legal problems
June 08, 2020
Jay Peak Sale Process 'Substantially' Delayed Due to Pandemic
May 28, 2020
Judge finds Quiros ‘significantly in arrears’ in legal fees, releases attorney from case
May 12, 2020
Taxpayers may fund Quiros’ defense as current legal team moves to exit fraud case
May 09, 2020
Ari Quiros Has Lawyer Problems
May 08, 2020
Taxpayers to foot bill for Stenger’s legal team in EB-5 case
March 05, 2020
Jay voters pass budget items, await word on Jay Peak sale
March 03, 2020
Quiros seeks dismissal of criminal fraud case
March 01, 2020
Attorneys for EB-5 defendants may seek to delay October trial
February 16, 2020
Quiros, Stenger, Kelly weigh being tried together, or separately, in EB-5 fraud case
February 07, 2020
Judge rejects bid by Quiros to move EB-5 fraud trial out of Vermont
January 29, 2020
Indictments, investor wins mark turning point in EB-5 scandal
January 02, 2020
Defense Asks For Delay In EB-5 Case; Parties Argue Over Venue
December 23, 2019
Political connections taint EB-5 criminal case, defense attorney says
December 22, 2019
Lawsuit alleging kickback scheme set to be first EB-5 case to go to trial
December 20, 2019
Kingdom Con defendants want trial moved; point to news coverage
December 20, 2019
Prosecutors say Jay Peak receiver’s $260M suit could impede grand jury probe
December 15, 2019
Goldberg seeks to quiz lawyers over alleged fraudulent sale of Jay Peak
November 29, 2019
Judge allows Stenger to travel to Canada and Japan for work
November 26, 2019
Jay Peak receiver sues USCIS over 'green card' failure
November 26, 2019
Jay Peak receiver takes USCIS to court over green card delays
November 20, 2019
Feds seek to keep EB-5 criminal fraud trial in Vermont
November 15, 2019
EB-5 investors seek to revive lawsuit against People’s United Bank
October 29, 2019
Stenger, Kelly join Quiros in seeking change of venue for EB-5 criminal trial
October 25, 2019
Two more EB-5 fraud defendants want federal trial moved
October 23, 2019
Quiros files to move case out of Vermont, cites ‘inflammatory’ coverage
October 16, 2019
Vermont Regional Center to appeal closure by USCIS
October 14, 2019
Vermont loses appeal on EB-5 regional center termination
October 01, 2019
Quiros’ lawyer ‘troubled’ by missing state documents
September 22, 2019
Alterra Mountain Co. eyes Jay Peak, Vail takes a pass
September 12, 2019
Vail showing no interest, but competitors eye Jay Peak as sale process presses on
September 06, 2019
New records: ‘On EB5 you need to recognize Leahy and only Leahy’
September 03, 2019
Federal judge issues gag order on gag order in EB-5 case
August 23, 2019
Former Quiros Lot In Jay May Become Dog Park
August 10, 2019
Receiver has deal for Quiros’ lot that new owner would turn into dog park
August 07, 2019
A Look at the More Stringent EB-5 Foreign Investment Visa Rules
July 24, 2019
Quiros’ house in Newport latest sale as receiver keeps moving Quiros’ assets
July 09, 2019
Jay Peak sale draws interest; Burke remains on hold
June 25, 2019
‘Hidden partner’ in EB-5 fraud comes forward
June 19, 2019
Jay Peak receiver has $2.2M deal to sell Quiros’ condo at Trump Place
June 19, 2019
Four Investors Indicted on Federal Fraud Charges Involving Vermont Biotech Company
June 12, 2019
In Newport, EB-5 scandal lingers with dashed hopes and a ‘whopping great hole’
June 05, 2019
Jay Peak’s receiver nears $6M in fees, expenses, for EB-5 cleanup
June 05, 2019
How a Vermont biotech project triggered federal fraud charges
June 02, 2019
Jay Peak receiver cans Stenger days after fraud indictment
May 31, 2019
Jay Peak receiver Goldberg suing Quiros law firm
May 28, 2019
Bill Kelly — Ariel Quiros’ behind-the-scenes man in the EB-5 fraud
May 26, 2019
Quiros indictment sets stage for battle over state’s role in EB-5 fraud
May 22, 2019
Federal grand jury indicts Jay Peak developers
May 22, 2019
Charges Coming in Kingdom Con
May 21, 2019
Three years on, no criminal charges in Jay Peak fraud
April 28, 2019
Judge OKs insurance payments of more than $1 million to Quiros and Stenger
April 10, 2019
Shumlin, in court filing, rebuts ‘dirty hands’ claim in Jay Peak case
April 08, 2019
Judge tosses proposed class-action EB-5 suit against People’s Bank, for now
March 29, 2019
Jay peak on the market within a few weeks
January 09, 2019
VTDigger brings lawsuit over state’s refusal to release EB-5 records
January 04, 2019
Jay Peak receiver comes under fire for settlement that would shield Quiros
December 11, 2018
Chinese Investors Embraced Program for U.S. Residency. Not Anymore.
December 04, 2018
Jay Peak to celebrate Stenger’s 70th birthday
September 23, 2018
EB-5 Director: Audits of Jay Peak Discouraged
September 23, 2018
Vermont commerce agency rebuffs federal shutdown of EB-5 center
September 05, 2018
Burke Resort Needs More Jobs Prior To Sale; Jay Peak Should Sell By Next Summer
August 17, 2018
State settles EB-5 fraud case with Quiros for $2M; Stenger for $100k
July 12, 2018
Attorneys for EB-5 investors took $5M in kickbacks from Jay Peak
July 08, 2018
The curse of large real estate projects in Vt.
April 13, 2018
Spurred by moral outrage, Vermont gets freeze of $10M in Quiros' assets
April 10, 2018
Fla. Hotel Project Struggles Highlight EB-5 Risks
April 04, 2018
Quiros says state EB-5 officials have ‘unclean hands’
March 30, 2018
Shumlin stayed at Quiros’ Fifth Avenue pad
March 18, 2018
After Vermont fraud, EB-5 investors can bring their money to Harry Macklowe
February 19, 2018
Receiver’s EB-5 green card plan: From Lake Road to Wall Street
February 12, 2018
EB-5 investors might get ‘green card’ after all
February 08, 2018
Alleged Perpetrator of Ski Slope Investment Scheme Agrees to Pay Back Investor Money, Surrender Properties
February 04, 2018
Filing: Quiros’ unpaid rent may lead to rabbi layoffs
January 21, 2018
Judge refuses bid to put state-run EB-5 center in receivership
December 14, 2017
Investors ask judge to rule on receivership for Vermont EB-5 Regional Center
October 23, 2017
State to USCIS: Don’t shutter EB-5 center just yet
October 03, 2017
First EB-5 investors issued green cards after fraud charges
October 02, 2017
Jay Peak investor sues immigration attorney
September 07, 2017
Jay Peak Receiver Has Lots on His Plate After Partial Settlement
September 05, 2017
Stowe businessman sues over scandal
August 31, 2017
Scott: Feds closing state’s EB-5 regional center
August 21, 2017
EB-5 investors in failed Newport project can get money back
August 18, 2017
Receiver’s offer to AnC Bio investors: $500,000 refunds or ‘redeploy’ it
August 17, 2017
Judge quashes whistleblower deposition in EB-5 investor case against state
August 06, 2017
Federal Judge Gives Final Approval In $150 Million EB-5 Settlement Agreement
July 07, 2017
Jay Peak Investors' Settlement With Raymond James Approved
July 03, 2017
EB-5 Investor: Raymond James $150M Settlement 'Grossly Inequitable'
June 26, 2017
Nearly $150M Settlement In Fraud Case On Track For Final Ok After No Objections
June 05, 2017
Better late than never: Percy gets EB-5 pay
May 19, 2017
Court Oks Proposed $150M Settlement With Raymond James
April 21, 2017
Northeast Kingdom Airport Expansion In Limbo After EB-5 Scandal Halts Private Development
April 21, 2017
Fraud Case Leaves Heartache, And 'Hole,' In Newport Year Later
April 16, 2017
Raymond James Firm to Pay $145.5 Million to Settle Vermont EB-5 Suit
April 13, 2017
Jay Peak's EB-5 Receiver Says Pending Deal Will Have Far-Reaching Effect
April 12, 2017
A Year After EB-5 Crackdown, Newport Is Taking Action On Demolished Downtown Block
April 08, 2017
Quiros Drops Appeal of Order Freezing His Assets
April 05, 2017
Scott Releases EB-5 Records; Feds Threatened To Shut Down State Program
February 15, 2017
Some Ancbio Investors To Recoup Nearly $18M
February 12, 2017
Newport dealing with fallout from fraud allegations
February 09, 2017
Jay Peak: Plan is to quadruple profits this year
February 09, 2017
Judge Sets Trial Date for Man Charged in Jay Peak Fraud Case
February 09, 2017
Quiros EB-5 Fraud Trial Set For September 2018
February 07, 2017
SEC: Penalties Against Corporations Would Hurt EB-5 Victims
February 05, 2017
Judge: Quiros Can Sell Condo, But Won't Get The Money
January 25, 2017
EB-5 Fallout: Receiver Seeks to Refund $17.9 Million to AnC Bio Investors
January 19, 2017
Receiver Seeks To Refund Nearly $18M To Anc Bio Investors
January 17, 2017
Landlord: Quiros Owes $86,721 In Back Rent For Florida Eatery
January 15, 2017
Unsealed Douglas Documents Show Belief In Stenger's Vision
January 15, 2017
Federal Rule Change May Aid EB-5 Investors In Limbo
January 14, 2017
Homeland Security proposes rulemaking to reform flawed EB-5 program
January 13, 2017
U.S. Ski Team affiliation a boon for Burke Mountain community
January 11, 2017
Gov. Douglas papers talk EB-5, media strategy
January 09, 2017
January 08, 2017
Judge Ok's Payment Option For unpaid EB-5 Contractors, Subcontractors
January 05, 2017
January 04, 2017
One EB-5 investor’s story: Too little, and maybe too late
January 02, 2017
December 30, 2016
Anc Bio Vermont troubles began south korea
December 27, 2016
EB-5 Program Extended, Leaving Reforms, Visas in Question
December 15, 2016
Battle records quiros children friend heats
December 12, 2016
Investors seek jay peak related brokerage records
December 06, 2016
EB-5 investors seek financial docs quiros children business partner
December 01, 2016
Receiver seeks $1.95m helping clean EB-5 mess Jay Peak
November 24, 2016
Q&A: Michael Goldberg, Jay Peak Receiver
November 22, 2016
Federal judge rules sec quiros EB-5 case
November 22, 2016
Peoples united bank investors square off EB-5 claims
November 19, 2016
Newport hole and Anc-bio site- go delinquent on taxes too
November 17, 2016
Leahy Press Ahead EB-5 Reforms Lame Duck Session
November 16, 2016
More investors sue businessman in Vermont fraud case
November 14, 2016
Quiros Laptop To Be Searched
October 27, 2016
Jay Peak Resort Delinquent Property Taxes
October 26, 2016
Judge severely restricts quiros legal funds
October 20, 2016
Gary Viens: Where I Stand On Your Behalf
October 19, 2016
Federal judge oks 13.3m jay peak settlement citibank
October 19, 2016
EB-5 and skiing in Vermont’s Northeast Kingdom: The monumental scandal won’t deter the zealous skiers of the Green Mountain State
October 19, 2016
Jay peak investor group drops objection citibank settlement
October 18, 2016
SEC: Quiros squandering investor funds legal fees
October 16, 2016
Second group EB-5 investors balks citibank settlement
October 13, 2016
Chinese investors Anc Bio Vermont sue citibank settlement
October 11, 2016
ICYMI: An EB-5 Immigrant-Funded Biotech Center In Newport. Bloomberg Asks: What Could Go Wrong?
October 04, 2016
Judge Approves Order to Protect AnC Bio Contractor Rights
September 29, 2016
An Immigrant-Funded Biotech Center in Rural Vermont? What Could Go Wrong?
September 29, 2016
Donors With EB-5 Ties Gave To Leahy As Probe Ramped Up
September 22, 2016
EB-5 Fallout: Receiver Seeks Lien Protection for AnC Bio Contractor, Subs
September 21, 2016
Leahy Eyes Provision That Would Give Defrauded EB-5 Investors A Break
September 14, 2016
Shumlin celebrates opening of burke mountain hotel
September 09, 2016
EB-5 Fallout: Quiros’s Attorneys Still Pushing for Dismissal
September 08, 2016
Federal receiver cuts Bill Stenger loose from Jay Peak
September 07, 2016
Meet The London Car Dealer Who Broke The Jay Peak EB-5 Fraud Case
September 07, 2016
Stenger cuts a deal with government investigators
September 03, 2016
Stenger settlement in the works
September 02, 2016
Burke Mountain hotel finally opens; Vt. builders remain unpaid
September 02, 2016
Burke Contractor Hires Criminal Defense, Securities Lawyers
September 01, 2016
ACCD Denies Request For Information Regarding USCIS Scrutiny Of State EB-5 Regional Center
August 31, 2016
Feds Asking Questions About Vermont EB-5 Regional Center
August 24, 2016
Defrauded Jay Peak investors unable to get green cards
August 18, 2016
EB-5 Fallout: Receiver Files Report on Burke, Jay State of Affairs
August 18, 2016
Jay Peak Receiver Hires Attorney To Lobby Congress For EB-5 Changes
August 15, 2016
Documents Suggest State Ignored Warnings About Jay Peak In 2012
July 25, 2016
Deposition Outlines Alleged EB-5 Fraud
July 19, 2016
Some Q Burke contractors struggling to survive
July 17, 2016
Shumlin Administration Had Evidence Of Alleged EB-5 Fraud 18 Months Before Charges
July 14, 2016
Sec Proposes Court Dates For Quiros Trial
July 11, 2016
State Tightens Standards For EB-5-Funded Ski Condos In Ludlow
July 10, 2016
State increases scrutiny of EB-5 projects, obtains first settlement
July 07, 2016
Jay Peak EB-5 Lawsuit Receiver's website
June 30, 2016
Updated: Raymond James Settles With State For $5.95M In EB-5 Case
June 30, 2016
SEC: Quiros Potentially Liable For $191.8 Million in ‘ILL-GOTTEN GAINS’
May 31, 2016
Raymond James involved in $350 million development fraud: SEC-appointed receiver
May 27, 2016
Immigrant Investors, Officials Scramble To Head Off Deportation
May 22, 2016
Newport City: Developer Meets With Mayor, Receiver Over Downtown Block
May 20, 2016
Will development plans continue after EB-5 scandal?
May 20, 2016
Does Vermont's EB-5 program have a future?
May 19, 2016
Burke Contractor Files Motion With Receiver To Perfect Lien
May 18, 2016
Newport City: Obstacle To Downtown Block Sale Can Be Removed
May 13, 2016
EB-5 Fallout: Quiros Seeks to Have Federal Receiver Removed
May 11, 2016
Newport City Mayor, NVDA To Meet Receiver Over Downtown Block
May 11, 2016
SEC Receiver: ‘It’s Time To Remedy Wrongs'
May 11, 2016
Anc Bio Investor Sues Raymond James
May 10, 2016
Defense Lawyers Say Quiros Did Not Violate Securities Laws
May 10, 2016
Fraud Charges Mar a Plan to Aid a Struggling Vermont Region
May 10, 2016
Milne Calls On Leahy To Release All EB-5 Communications
May 09, 2016
SEC to Federal Judge: Don’t Unfreeze Quiros Assets
May 07, 2016
Burke Hotel One Step Closer To Opening; Federal Receiver Secures Certificates Of Occupancy
May 04, 2016
Will contractors lose millions after alleged massive fraud in NEK?
April 30, 2016
A Kingdom’s Failed Renaissance
April 30, 2016
Inside Views: Employee, Investor Want Jay Peak To Succeed
April 30, 2016
House Honors NEK For Future Viability Despite EB-5 Scandal
April 29, 2016
Inside The Golden Bubble: The Fallout And Future After The EB-5 Bombshell
April 29, 2016
‘Business as usual’ at Jay Peak as receiver gets to work
April 27, 2016
Newport Supporters Hope Scandal ‘A Blip’ In Economic Recovery
April 27, 2016
Goldberg: Jay Peak financials dire
April 26, 2016
Investigation of Management at Jay Peak Resort and AnC Biomedical
April 26, 2016
April 26, 2016
Jay Peak's Path To Fraud
April 23, 2016
Jay Peak: An Autopsy of EB-5 Visa Fraud, Greed and Ignorance
April 21, 2016
Shumlin still believes in Jay Peak prospects
April 21, 2016
April 20, 2016
Very first investor in EB-5 development work at Jay Peak is reacting to the News
April 20, 2016
Jay Peak Resort Visit - Behar Law Firm
April 20, 2016
Documents Show Feds Were Onto Quiros Long Before State Launched Probe
April 19, 2016
Timeline of NEK development projects
April 18, 2016
Lt Gov Candidate Randy Brock Vermont Must Not Abandon Newport Northeast Kingdom
April 17, 2016
The hole in newport swallows up a lot of hopes but not all
April 17, 2016
Vermont EB-5 Scam Offers Template for Explaining Northern Beef Packers Fiasco
April 16, 2016
Officials: Developers Misused Millions
April 15, 2016
SEC起诉Jay Peak,一座大山轰然倒下|EB-5特特特大新闻
April 15, 2016
Fraud Cases Against Jay, Burke Owners Allege ‘Ponzi-Like’ Scheme
April 14, 2016
Federal and state authorities allege massive fraud in Northeast Kingdom development projects
April 14, 2016
SEC Alleges ‘Ponzi-Like’ Scheme in Vermont Involving EB-5 Visa Program
April 14, 2016
Federal and state authorities allege massive fraud in Northeast Kingdom development projects
April 14, 2016
Vt., feds allege 'massive' fraud at Jay Peak Inc.
April 14, 2016
'Dark Day For Vermont': NEK Developers Allegedly Duped Investors Out Of Millions
April 14, 2016
State Regulator: Q Burke Developers Were Short Of Money
April 08, 2016
Newport Biotech EB-5 Investors want their money back, documents show
April 04, 2016
Update on NEK economic development/EB-5 projects
March 10, 2016
Leahy: Job-creating EB-5 foreign investment program must be reformed
February 02, 2016
Does the EB-5 visa program take advantage of investors?
December 11, 2015
Stenger says refund for disqualified investor is on the way
November 05, 2015
Q Burke contractor threatens to walk off job blames state
November 03, 2015
Foreign investors help sugarbush resort return to profitability
November 01, 2015
International airport planned in Newport
August 06, 2015
July 21, 2015
July 14, 2015
July 14, 2015
Regulators sharpen focus on EB-5 projects
July 07, 2015
June 25, 2015
April 29, 2015
AnC Bio coming to Newport in May
April 07, 2015
Scientist Explains Need For Biotech Facility In Newport
April 07, 2015
March 30, 2015
Stenger pushes on with EB-5 projects despite setback
July 18, 2014
Newport Revitalization Plan Hits Roadblock
May 05, 2014
Plans Set For China Trip To Promote Vermont EB-5 Program
September 12, 2013
Lure of Green Cards Brings Big Investments for Remote Resort in Vermont
December 30, 2012
Seeing Green : Vermont's EB-5 program trades cash for visas — fair deal or shady business?
April 04, 2012

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