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
