Population
621,760
Total Labor Force
344,687
Unemployment Rate
2.9%
# Manufacturers
1,213
Manufacturing Jobs
39,049
Right to Work
No
Unemp. Insurance Tax
1.3–8.4%
Manufacturing stats updated on 3/6/2018. All other data updated on 11/13/2017. IndustryNet is not responsible for errors or omissions.
|
|
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 Mfg. Industries
(by # of employees)
15% Food and kindred products 12% Electronic and other electric equipment 10% Industrial machinery and equipment 8% Transportation equipment 7% Instruments and related products
Largest Mfg. Employers
(by # of employees)
GLOBALFOUNDRIES, Inc. (Essex Junction) - 3,000 GE Aviation, Plt. 1 (Rutland) - 1,200 GE Aviation, Plt. 2 (North Clarendon) - 950 UTC Aerospace Systems - Sensors & Integrated Systems (Vergennes) - 800 Dealer Dot Com, Inc. (Burlington) - 650
|
|
Counties with the Most Mfg. Jobs
Chittenden - 15,796 Rutland - 5,331 Windham - 3,661 Washington - 3,637 Windsor - 3,567
Cities with the Most Mfg. Jobs
Essex Junction - 3,999 Burlington - 3,395 Brattleboro - 2,583 Rutland - 2,388 Williston - 2,264
Mfg. 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
|