CEO Guide to Site Selection

Vermont

HOMEGROWN SUCCESS

While Vermont may be a small state, big things are happening. In the fiscal year 2024, the Vermont Economic Development Agency closed more than $58 million in financing commitments to 129 businesses, helping create or retain more than 2,000 jobs. Much of the development is in agriculture, food products and renewable energy solutions, particularly driven by homegrown businesses. In its annual report, VEDA highlighted companies like Burlington Beer, Greenway Institute, 802 Logging and Queen City Footwear. Meanwhile, tech is also gaining a foothold in the state as companies like OnLogic and Beta Technologies expand in Burlington.

“There’s no doubt we have a lot of hard work ahead. But there’s also a lot of good things happening…. Like the opening of Beta Technologies’ new production facility…. The opportunity we have with the federal CHIPS Act to build an innovative tech hub and expand semiconductor manufacturing…. Or how about the 10 Vermont businesses that ranked among the nation’s fastest-growing companies.”
Phil Scott
Governor

TAXES

0 %

top corporate income tax

# 0

on the Tax Foundation’s State Tax Competitiveness Index

EDUCATION

0 %

of adults 25 years of age and older graduated high school

0 %

of adults age 25 and older have a bachelor’s degree or higher

UNEMPLOYMENT RATE

0 %

RIGHT TO WORK STATE

No

QUALITY OF LIFE

# 0

POPULATION GROWTH

0 %

increase between 2020 and 2023

KEY INCENTIVES

No income tax consequences for employing Vermonters and buying property, building new structures, expanding existing structures in state.

Vermont Economic Growth Incentive (VEGI): Provides cash payments to businesses based on revenue return generated to the state from qualifying jobs, payroll creation and capital investments.

The Vermont Training Program (VTP): Provides performance-based workforce grants for pre-employment training, training for new hires and training for incumbent workers. VTP grants may cover up to 50% of the training cost.

Vermont Research and Development Tax Credit: Offered to businesses that take the federal Research and Development Tax Credit, with up to 27% of the federal tax credit allowed in the taxable year.

EDCs

Vermont Economic Development Authority

veda.org

Think Vermont

thinkvermont.com

Montpelier Alive

montpelieralive.com/doing-business-in-montpelier

HIGHLIGHTED PROGRAM OR INITIATIVE

In August 2024, state lawmakers created the Office of Workforce Strategy and Development to improve workforce development efforts. It will help coordinate and foster collaboration among the state’s various workforce development programs that are run by state government, nonprofits and private companies.

BIG DEALS

  • Beta Technologies successfully completed the first flight of an electric aircraft built at its new facility in South Burlington in November 2024.
  • OnLogic opened its new global headquarters in South Burlington in May 2024.
  • The federal government awarded $1.5 billion in CHIPS funding to GlobalFoundries in February 2024, $125 million of which will go to upgrade and expand operations in Essex Junction.

BIG COMPANIES

  • Alkemi
  • BETA Technologies
  • Fluency
  • Mamava
  • MSI
  • Tuck Consulting Group
Roundtable

Strategic Planning Workshop

1:00 - 5:00 pm

Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

Executives expressed frustration with their current strategic planning process. Issues include:

  1. Lack of systematic approach (70%)
  2. Laundry lists without prioritization (68%)
  3. Decisions based on personalities rather than facts and information (65%)

 

Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

Women in Leadership Seminar and Peer Discussion

2:00 - 5:00 pm

Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

Limited space available.

To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

Golf Outing

10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS

General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.