#38 Vermont


#40 in Taxation and Regulation

#41 in Workforce Quality

#27 in Living Environment

Right to Work?

Regional Profile – Northeast

STATE
OVERALL REGIONAL RANK
TAXATION & REGULATION REGIONAL RANK
WORKFORCE QUALITY REGIONAL RANK
LIVING ENVIRONMENT REGIONAL RANK
Connecticut
9
10
6
5
Delaware
11
11
3
2
Maine
3
5
5
9
Maryland
7
8
11
8
Massachusetts
8
9
1
6
New Hampshire
2
2
2
1
New Jersey
10
6
9
11
New York
11
11
8
10
Pennsylvania
4
3
4
4
Rhode Island
6
7
7
7
Vermont
5
4
10
3

Key Industries

R&D; Infrastructure; High-Tech

Key Companies

Ben & Jerry’s

Biotech Instruments

Casella Waste

Central Vermont Public Service Corp.

Green Mountain Coffee

GW Plastics

National Life Group

Advantages

Advocates are cheering the new southern Vermont economic zone established last year.

Vermont’s emergency safety readiness ranks higher than the national average.

Challenges

The state economy is crawling forward slower than at any time since World War II. Vermont is also one of the most tax heavy states.

In a business roundtable survey, 62% of respondents shared negative outlooks specifically with ease of hiring for available positions

Key Contacts

Agency of Commerce and Community Development

Joan Goldstein, Commissioner, DED
802-272-2399
1 National Life Drive
Davis Building, 6th Floor
Montpelier, VT 05620-0501

Joan@vermont.gov
http://accd.vermont.gov/business

CEO Comments

“We find Vermont to be very flexible with companies in our field of business. They are better than the other New England states.”

“Vermont’s economic development strategy lacks transparency, reportable metrics, goals and a designation of ‘Who is responsible for what does or does not happen’.”

“The state has lost population over the last five years. There are no jobs for graduates and the population declines continue.”

Current Developments

Regional Report: Northeast 2016
March 18, 2016

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No 40: Vermont

No. 40

Vermont

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
Taxation and Regulations
  • State Corporate Income Tax Rate: 8.50%
  • Highest Personal Income Tax Rate: 9.40%
Workforce Quality
  • % with High School diploma or more: 90.6
  • % with Bachelor’s degree or more: 32.1
  • % with Advanced degree or more: 12.2
  • Patents per 100K: 103.22
  • % of Employed Represented by Unions: 13.6
Quality of Life
  • Hopsitals per 10K: 0.225
  • Elementary/Secondary Schools per 1000 people: 0.631
  • Violent Crimes per 100K: 136.98
Key Companies
  • Green mountain Coffee
  • Casella Waste
  • Central Vermont Public Service Corp.
Other Highlights
  • Vermont fell to #40 from #36 in 2009 and 2010
  • Vermont ranks 9th in state debt per capita with $5514

Sources:
TaxFoundation.org
Statemaster.com
Bureau of Labor Statistics
U.S. Census Bureau
U.S. Patent and Trademark Office
The National Center for Public Policy and Higher Education