- Project Information & Due Diligence Profile Completed
- Not Verified
- 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
- Last Update: December 28, 2016 12:57 AM
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Jay Peak - AnC Bio Vermont
Opened: November 01, 2012
Closed: September 30, 2015
- Developer Name
- Bill Stenger
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.
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.
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