JAY (AP) - 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 big new economic development announcement to be made concerning northern Vermont.

Thursday's announcement at the Jay Peak ski resort, just south of the Canadian border, is expected to touch on multiple projects in the region, including a new flight school specializing in flying in cold weather at the airport in Coventry.

Gov. Peter Shumlin and Vermont's congressional delegation are planning to be on hand for the announcement. A series of other events across the region will highlight different aspects of the project.