In about a year, two new foreign companies expect to be operating in Newport at the site of a former skiwear manufacturer. AnC Bio, a Korean bio-tech firm, and Menck Windows, a German company, are the centerpiece of a $600 million economic development initiative promising to bring 10,000 jobs to the Northeast Kingdom.

When Jay Peak co-owner Bill Stenger made a stunning proposal earlier this fall to bring over $500 million and about 10,000 jobs into the Northeast Kingdom, there were loud cheers, and only a few skeptics. Now the hard work has begun: finding investors and training workers.

The mastermind of a $500 million economic development plan has just returned from Korea optimistic about finding enough foreign investors to bring new prosperity to the Northeast Kingdom. 

The Jay Peak ski resort faces a $5,250 fine for violating an environmental permit. Jay Peak has admitted to the violation, but there are questions about whether the fine is tough enough.

Vermont's Northeast Kingdom is expected to receive $500 million and 10,000 jobs through a program that allows people from outside the United States to obtain U.S. residency in exchange for investments.

A program that allows people from outside the United States to obtain U.S. residency in exchange for investments is seen as key to a new development at Jay Peak ski resort. An announcement planned for today at Jay Peak will outline multiple new projects planned in the Northeast Kingdom.

Ownership of a pair of ski areas in the Northeast Kingdom has been consolidated. The owners of Jay Peak Resort have bought Burke Mountain Resort.

Considering this winter's lackluster snow totals, area resorts are fishing for ways to "weatherproof" ski vacations. At Vermont's northernmost ski resort, they've just put $25 million into building New England's largest indoor water park.

Jay Peak Resort has been ordered to fix wetlands and streams that regulators say were harmed when a golf course was built.

By promoting a federal investor-visa program, Governor Jim Douglas hopes to encourage wealthy foreigners to make large investments in Vermont companies.