AnC BIO, Inc. to Create 200 Jobs in Vermont

Several hundred jobs are expected to be created in Newport when a South Korean biotechnology company opens a research and manufacturing facility. The company AnC Bio announced on Friday that its medical equipment factory will take over space that once housed a clothing manufacturer. Bill Stenger of Jay Peak is working with AnC on the project. He says there will be jobs for Newport residents and for many former Vermonters who would like to move back. (Stenger) "It's several, several hundred jobs directly in Newport and many hundreds more indirect that will affect all of this county and the northern region of Vermont."