Left to right, Bill Kelly, legal counsel to Northeast Kingdom Economic Development Initiative; Dr. Ike Lee, CEO, AnC Bio; Ariel Quiros, partner in NEK Economic Development, Todd Bachelder, CEO of Menck Windows USA and Jay Peak Resort President Bill Stenger
The CEOs of the two foreign companies that promise to bring more than 600 new jobs to Newport visited the future site of their operations Thursday in the lakefront building formerly occupied by Bogner ski wear.
Dr. Ike Lee, president of the Korean bio-tech firm AnC Bio, announced a partnership with UVM to help recruit scientifically trained researchers.
Todd Bachelder, CEO of Menck Windows USA, whose parent company is German, said he is looking forward to making energy efficient windows in Newport. His company will rely on foreign investments and will tap into a local workforce skilled in construction materials.
Jay Peak Resort President Bill Stenger, who is spearheading the series of investments in the Northeast Kingdom, said permitting and investments for four other projects are proceeding on schedule.
His partner, Ari Quiros, said that light aircraft will soon begin to be assembled at the state airport in Coventry, where improvements will also be made for passengers.