New regulatory protocols have been implemented due to theincreasing complexity andgrowing number of EB-5 proposals at the federal level,where EB-5 regional centersnumber close to 700.Delays mayoccur due to the expanded review process, slowing project approvals. Despite significant changes in thefederal and state oversight and regulatory process, proposed development plans in Newport and Burke arestill on track. AnC Bio Vermont received state approval on March 30 to move forward. Groundbreaking on the84,000 square foot bio-medical manufacturing and research facilityis expected to proceed this spring.
Q Burke Mountain Resort -Construction Updates
Project Highlights - March
- An emergency generator has been placed on site.
- West Attic - floor sheathing is complete & energy recovery unitsin place.
- Base support brackets were installed for the Link structural heavy timber.
- A trash chute has been installed on the West Building.
- All upper West roof piggy back trusses installed.West roof structure & sheathing in progress.
- Level 5- East wall panels and roof trusses in progress.
- MEP rough-in continues throughout buildings.
- Level 3 - Topping slabs in progress.
- Site contractorhas mobilized to site and will beginleach field expansion as weather permits.
- Balcony support brace installation in progress.
- Installation of rebar & MEP in slab rough-in for Level 2Link slab in progress.
- South LinkMain Entry roof - installation of structural steel in progress.
VisitPeakCMConstruction athttp://www.peakcm.comfor updated webcam photos and drone videos.
Renaissance Block
An Act 250 permit wasissued by the District 7 Environmental Commission on March 13th to demolish the former Spates Block on the south side of Main Street. Casella Construction began demolition on Monday, March 16th and is now near completion. Demolition is the first phase of redevelopment on the site. Beforeconstruction can beginon the new Renaissance Block, applications will be submitted for additional permitsneeded for themulti-use commercial building project that willinclude hotel rooms and suites, retail space, and a restaurant and brew pub.
Northeast Kingdom InternationalAirport
The Newport City Council and Coventry select board have approved the new name for the expandingNewport State Airport.The Vermont Legislature must issue final approval for the name-change andRepresentative Michael Marcotte of Coventry (where the airport is located)sponsoredH.303 with bi-partisan support from lawmakers across Orleans Country. The bill is being considered in the House and if approved by theLegislature,will take effect on passage.Using funds already awarded by the Federal Aviation Administration, an expanded runway will be built that will allow private jets and larger planes to land at night and under all weather conditions. With its close proximity to the U.S.- Canadian border, the international airportwill also serve as a hub for the NEK Foreign Trade Zone #286.
Forinformation about the airport expansion project contact Guy Rouelle, VTrans Aviation Director,[email protected], Larry Lackey, Project Manager(802)828-3554[email protected].
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Employment / Job Training /Business News Internships Lead to Jobs Vermont Internships websitehttps://vermont.interships.commatches interns with employers.Thenew website is designed for motivated, capable students to connect with Vermont employers and land internship opportunities in technical, creative and business pursuits. The State of Vermont supports the collaborative effort to retain top students and support businesses and technology companies. The platform isfreefor students to search,apply for internships, and gain access to valuable career resources -- andfreefor employersto post internship positions and search for qualified students. The Vermont Technology Councilhas been a catalyst for science and technology based economic development in the state since 1992.www.vttechcouncil.org Sweet Tree Holdings 1, LLC, an investor-owned company held by Wood Creek Capital, began maple processing operations in the former Ethan Allen Facility in Island Pond. A state-of-the-art reverse osmosis facility in Warren Gore, a modern updated plant and 7,200 acres of land with up to 170,000 taps, will allow the company to become one of the largest maple producers in New England. Sweet Tree currently employs 25 full-time persons and expects to double this number in the coming year. The focus of the company over time will be on value-added maple products. The success of Sweet Tree is very important to the Brighton community and Essex County. |
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Foreign Trade Zone #286 Contact David Snedeker(802) 748-8303[email protected] Welcome to Exporting 101 http://www.export.gov/basicguide/ Are you looking for a comprehensive overview of how to export? For more than 70 years,A Basic Guide to Exportinghas been the resource that businesses have turned to for answers to their questions about how to establish and grow overseas markets for their products and services. Whether your firm is new to exporting or in need of a refresher on the latest ideas and techniques, this comprehensive guide,completely revised and updated in 2012, providesnuts-and-bolts information you need to meet the challenges of the world economy by learning:
State Regional Trade Groups The Foreign Agricultural Service (FAS) supports four State Regional Trade Groups (SRTGs) which in turn assist U.S. companies with creating and expanding export markets for value-added food and agricultural products. These non-profit organizations work closely with state Departments of Agriculture and offer services including:
Trade Statisticshttp://tse.export.gov/TSE/TSEhome.aspx. |
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Northeastern Vermont Development Associationwww.nvda.net NVDA is a planning and development organizationserving Caledonia, Essex and Orleans Counties, and an equal opportunity lender, provider and employer. David Snedeker, Executive Director[email protected](802) 748-8303 Newport City Renaissance Corporationwww.discovernewportvt.com
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