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Proposed Vt biotech plant could create 500 jobs - WCAX.COM Local Vermont News, Weather and Sports-

Proposed Vt biotech plant could create 500 jobs

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NEWPORT, Vt. (AP) - The Vermont developer working with a South Korean biotechnology company to bring 250 jobs to the Newport area says another 250 jobs could come to the area by leasing clean rooms to businesses from around the world.

Developer Bill Stenger told members of the Newport City Renaissance Corp. Wednesday he and his partners are working with economists and attorneys to prepare for permitting and construction.

The Caledonian Record reports part of the new AnC Bio Vermont expansion will include an affordable housing complex.

AnC Bio is a South Korean company develops and manufactures artificial organs. It's planning to build a $50 million plant and create about 250 jobs.

The clean-room jobs would be in addition to the direct AnC Bio jobs.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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