Update on NEK economic development/EB-5 projects

Update on NEK economic development/EB-5 projects

EB-5 Visa, EB5 Visa, EB-5 Investment

Northeastern Vermont Development Association David Snedeker, NVDA Executive Director in the following report updates economic development projects in the Northeast Kingdom, including at Q Burke, the airport and at AnC Bio in Newport. Along with construction and planning, workforce development will require a major effort.

NEK Economic Development / EB-5 Projects

Q-Burke Mountain Hotel 
EB-5 partners continue to welcome new investors to the project and a successful trip to Vietnam was just completed last week. An announcement on the hotel's opening is expected at the end of March.
Jay Peak Resort
Designs for the indoor Mountain Recreation Center are complete and permits are in place for construction to begin this year. Construction on the Stateside Cottages will resume in the Summer.
AnC-Bio VT
Final designs for the facility are nearly complete. Ground preparation and underground utilities are in place. Construction is expected to start in April with a targeted opening date in Autumn 2017. The developer is working with VT State Colleges to develop workforce training initiatives.

NEK International Airport 

  • A pre-construction meeting for the Taxiway is scheduled for mid-March.
  • Installation of the Fuel Farm will be complete in April.
  • Construction of septic and water upgrades is scheduled in May.
  • Construction of the Snow Removal Building will begin in June.
  • Designs for the new terminal facility have been submitted for review and approval. Once approved, the project will begin the Act 250 permitting process. Terminal construction is planned for the Fall.
  • Contracts are being developed for potential users of a bonded warehouse facility on-site. 




  • Vermont

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