Population
621,760
Total Labor Force
345,821
Unemployment Rate
3.1%
# Manufacturers
1,291
Manufacturing Jobs
38,494
Right to Work
No
Unemp. Insurance Tax
1.3–8.4%
Manufacturing stats updated on 6/29/2016. All other data updated on 6/29/2016. IndustryNet is not responsible for errors or omissions.
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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
9% Industrial machinery and equipment
8% Fabricated metal products
7% Transportation equipment
Largest Mfg. Employers
(by # of employees)
GLOBALFOUNDRIES, Inc. (Essex Junction) - 3,000
GE Aviation, Plt. 1 (Rutland) - 1,200
UTC Aerospace Systems - Sensors & Integrated Systems (Vergennes) - 800
Dealer Dot Com, Inc. (Burlington) - 650
Keurig Green Mountain (Waterbury) - 600
Mylan Technologies, Inc. (Saint Albans) - 600
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Counties with the Most Mfg. Jobs
Chittenden - 15,600
Rutland - 4,938
Washington - 4,028
Windham - 3,794
Windsor - 3,392
Cities with the Most Mfg. Jobs
Essex Junction - 4,339
Burlington - 3,332
Brattleboro - 2,638
Rutland - 2,420
Williston - 2,033
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
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