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Vermont Resources Page
Inward Investment Guides

Vermont Direct Financial Incentives 2014

Area Development Online Research Desk (Q1 2014)
Vermont's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

Sustainability: The “Invisible Hand” Shapes Next-Generation Location Selection

Don Schjeldahl, Founder, Don Schjeldahl Group (Q1 2014)
Companies that view their location strategies through a “sustainability filter” are more likely to achieve competitive advantage and long-term stakeholder value. More

Regional Report: Incentives Attracting Firms to the New England States

Karen Thuermer (Directory 2014)
Some new and creative incentive programs are being provided in the Mid-Atlantic States to help drive the region’s high-tech and other industries. More

Leading Locations for 2013: The New England MSAs

Area Development Magazine Special Presentation (July 2013)
The number-one Leading Location in the New England region is Framingham, Massachusetts, which has been recognized for its high quality of life and high-tech work force. Three other Massachusetts MSAs also place on the top-10 list for the region — Boston-Cambridge-Quincy, Barnstable Town, and Peabody. More

Regional Review: New England States Target Industry Niches

Mali R. Schantz-Feld (Location USA / April 2013)
New England’s industry strengths are derived from professional business services, software and high-tech advanced manufacturing, product and component parts, and suppliers to the auto, computer, and aerospace and defense industry. More

Regional Review: New England States Are Well Positioned for Economic Growth

Mali R. Schantz-Feld (August 2012)
New England touts a long history of tradition, independence, strong character, and academics. The slow but evident economic recovery of the New England States reflects the persistent determination of its citizens and their resilience in the face of adversity. More

The Leading Mid-Atlantic and New England Metros for Economic and Workforce Growth

Steve Stackhouse-Kaelble (July 2012)
Area Development ranks the Top MSAs in New England and the Mid-Atlantic states for economic and workforce growth based on the overall results from our Leading Locations for 2012 study. More

Vermont Basic Business Taxes 2012

Area Development Online Research Desk (2012)
Vermont's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. Specific programs include a corporate income tax, general sales tax, pollution-control equipment tax exemption, and energy and fuel conservation measures. More

VERMONT at a glance

POPULATION: 626,431 (2011 Census estimate)

LABOR FORCE: 357,300 (Sept. 2012)

RIGHT TO WORK: No

TRADITIONAL INDUSTRIES:Manufacturing, tourism, agriculture, captive insurance

EXPANDING INDUSTRIES: Software development, alternative energy, research and development, specialty foods

COLLEGE GRADUATES: (Age 25 and over) 44.3%

BASIC BUSINESS TAXES:
Corporate Income Tax: $0-$10,000: 6 percent; $10,001-$25,000: 7 percent; $25,001 and over: 8.5 percent; minimum tax of $300

Corporate Organization and Qualification Fees: Domestic - $75; foreign - $100 flat entrance fee

Sales and Use Tax: 6 percent of taxable sales of tangible personal property, including rentals of tangible personal property, assessment charges, fabrication charges, printing charges, digital downloads and telecommunications charges; use tax applies to storage, consumption, or use of tangible personal property or services, unless already subject to sales tax; meals and rooms taxed at 9 percent; several jurisdictions are authorized to assess an additional 1 percent local option tax.

Property Tax: Local property tax rates vary by municipality. State property tax for Education Fund for fiscal year 2013 is $1.38 per $100 for nonresidential property.

BUSINESS INCENTIVES:
Vermont Employment Growth Incentive for job creation/ capital investment

Vermont Training Program to assist with worker training

Vermont Economic Development Authority loans and guarantees

Vermont Environmental Assistance Partnership

Vermont Agency of Agriculture marketing partnerships

Vermont Brownfields Initiative

Vermont Downtown Program

Workforce Education and Training Fund

STEM incentive for recent hires

Principal Manufacturing industries

  • Computer & Electronic Products
    22.6%
  • Food
    13.8%
  • Machinery
    9.0%
  • Fabricated Metal Products
    7.7%
  • Transportation Equipment
    6.3%
  • Wood Products
    5.8%
  • Nonmetallic Minerals
    5.0%
  • Furniture & Related Products
    4.6%
  • Electrical Equipment & Appliances
    4.3%
  • Plastics & Rubber Products
    3.4%
  • Other Manufacturing Industries
    17.5%