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Expand or Relocate to Vermont
      

Vermont Business Data

Relocate or Expand to Vermont

VT business climate, manufacturer incentives, and advantages of local communities

Business Data for Vermont


Population
621,760

Total Labor Force
344,687

Unemployment Rate
2.9%

# Manufacturers
1,233

Manufacturing Jobs
39,143

Right to Work
No

Unemp. Insurance Tax
1.3–8.4%


Manufacturing stats updated on 11/13/2017. 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 - 15,823
Rutland - 5,376
Windham - 3,707
Washington - 3,634
Windsor - 3,569

Cities with the Most Mfg. Jobs
Essex Junction - 3,999
Burlington - 3,398
Brattleboro - 2,583
Rutland - 2,394
Williston - 2,282

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

Economic development agencies, chambers of commerce, and other organizations & businesses available to assist with your relocation to or from Vermont

Topeka, KS
Striving to recruit new business & help companies expand in Kansas
Are you an economic development agency, chamber of commerce, or other organization in the business of helping companies relocate or expand? List your organization here and connect with growing businesses!
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