Learn more about relocating or expanding to VermontVermont business climate, manufacturer incentives, and advantages of VT communities |
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Vermont Business Data*  Population: 621,760 Total Labor Force: 351,000 Unemployment Rate: 4.0% Number of Manufacturers: 1,366 Manufacturing Jobs: 41,042
Right to Work: No
Unemp. Ins. Tax: 1.3–8.4%
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Corporate Income Tax:
Graduated: 6% on $0-10,000; 7% on $10,001-25,000; 8.5% on $25,001 and up. Sales Tax:
6%. Exemptions include: Electricity, oil, gas and other fuels for manufacturing; property that becomes a part of a manufactured product for sale. Certain packaging and shipping materials used by a manufacturer or distributor. Property Tax:
Property is assessed at the local municipal level by local assessing officials (listers). Property is designated as either homestead or non-residential. A state education tax is levied on these two classes of property at different rates. Leading Manufacturing Industries:
(by % of total manufacturing employment) 17% Electronic and other electric equipment 13% Food and kindred products 9% Industrial machinery and equipment 7% Printing and publishing 7% Fabricated metal products Largest Manufacturing Establishments:
(by number of employees) IBM Corp., Systems & Technology Group (Essex Junction) - 5,000
GE Healthcare (Burlington) - 825 United Technologies Aerospace Systems (Vergennes) - 800 Mack Group, Inc. (Arlington) - 660 Green Mountain Coffee Roasters, Inc. (Waterbury) - 600 |
Counties with the Most Manufacturing Jobs:
Chittenden - 17,831 Rutland - 4,541 Washington - 4,086 Windsor - 3,883 Windham - 3,729 Cities with the Most Manufacturing Jobs:
Essex Junction - 6,269 Burlington - 3,111 Brattleboro - 2,519 Williston - 2,042 South Burlington - 1,995 Manufacturing Related Business Incentives:
• Micro Business Development Program (MBDP)
• Vermont Global Trade Partnership (VGTP) • Machinery & Equipment Tax Credit • Vermont Seed Capital Fund • Vermont Employment Growth Incentive (VEGI) Program • Economic Advancement Tax Incentive Program • Procurement Assistance • Research & Development Tax Credit |
Economic development agencies, chambers of commerce, and other organizations and businesses to help with your relocation or expansion:
Vermont Agency of Commerce & Community Development
The Agency serves the Vermont public by enhancing the state's business climate, marketing Vermont to tourists and others, and strengthening Vermont communities in a wide variety of ways.
Drawer 20, Montpelier, VT 05620 (Map & Aerial View)
(802) 828-3211
www.dca.state.vt.us
Brattleboro Area Chamber Of Commerce
The Brattleboro Area C/C is an independent, private, non-profit member services organization of more than 500 regional businesses & non-and not-for-profit organizations that strives to create, promote & sustain a vibrant regional business community. Unaffiliated with any national body-including the US Chamber-the Brattleboro Area Chamber is a proactive, independent leader & advocate for the business interests of its diverse membership, providing resources, support & advocacy.
180 Main St., Brattleboro, VT 05301 (Map & Aerial View)
(802) 254-4565
www.brattleborochamber.org
Central Vermont Economic Development Corp.
CVEDC was organized in 1976 as a non-profit citizen organization whose objectives are to provide impetus for the region's economic development activity by assisting the businesses in the area that are expanding and promoting Central Vermont to business and industry.
National Life Drive, Montpelier, VT 05601 (Map & Aerial View)
(802) 223-4654
www.central-vt.com/cvedc
Economic Development Council of Northern Vermont
Vermont's only designated Economic Development Administration District, covering the northern counties of Caledonia, Essex, Franklin, Grand Isle, Lamoille and Orleans. EDCNV has developed projects/programs in areas such as financial lending, small business development and technical assistance.
2 North Main Street, St. Albans, VT 05478 (Map & Aerial View)
(802) 524-2194
www.edcnv.com
Greater Burlington Industrial Corporation
GBIC is Vermont's certified non-profit economic development corporation for Chittenden County. Since its founding in 1954, GBIC has served as a catalyst for economic opportunity in Chittenden County, assisting in the creation and retention of sustainable jobs and economic opportunities for thousands of Vermonters.
60 Main Street, Burlington, VT 05401 (Map & Aerial View)
(802) 862-5726
www.gbicvt.org
Northeastern Vermont Development Association
For more than 50 years, NVDA has been dedicated to helping businesses succeed. NVDA's mission as an economic development resource is to improve the economic well-being and quality of life for all of the residents of Vermont's Northeast Kingdom.
P.O. Box 630, Saint Johnsbury, VT 05819 (Map & Aerial View)
(802) 748-5181
Vermont Economic Development Authority
In the past 36 years, VEDA has provided over $1.7 billion in financing assistance to thousands of eligible Vermont entrepreneurs, manufacturers, small businesses and agricultural enterprises, helping them to realize their business growth goals, create jobs, and enhance the vitality of Vermont's economy.
58 E State St # 5, Montpelier, VT 05602 (Map & Aerial View)
(802) 828-5627
www.veda.org
Vermont Industrial News:
Industrial Directory Reports Vermont Manufacturing Jobs Declined 1.4% (3/4/2013)
Manufacturers Directory Reports Vermont Gained Industrial Jobs Over Past Year (2/20/2012)
Manufacturers Directory Reports Vermont Industrial Jobs Remain Steady Over Year (2/9/2011)
Vermont Industrial Jobs Have Declined 5.6% Since Start Of Recession (1/22/2010)
Vermont Manufacturing Jobs Fell 2.3% In 2008 According To State Industrial Directory (2/6/2009)
State Industrial Directory Reports Number Of Vermont Manufacturers Down 1.9%; Manufacturing Employment Unchanged (2/12/2008)
Vermont Manufacturers See Half Percent Decrease In Jobs According To Industrial Directory (1/20/2007)
Industrial Directory Reports Vermont Manufacturing Jobs Declined 1.4% (3/4/2013)
Manufacturers Directory Reports Vermont Gained Industrial Jobs Over Past Year (2/20/2012)
Manufacturers Directory Reports Vermont Industrial Jobs Remain Steady Over Year (2/9/2011)
Vermont Industrial Jobs Have Declined 5.6% Since Start Of Recession (1/22/2010)
Vermont Manufacturing Jobs Fell 2.3% In 2008 According To State Industrial Directory (2/6/2009)
State Industrial Directory Reports Number Of Vermont Manufacturers Down 1.9%; Manufacturing Employment Unchanged (2/12/2008)
Vermont Manufacturers See Half Percent Decrease In Jobs According To Industrial Directory (1/20/2007)
Looking to reach Vermont manufacturers? Access the Vermont Manufacturers Database compiled by MNI.
*Manufacturing stats updated on 5/17/2013. All other stats updated on 5/17/2013. Listings updated on 5/24/2013.
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