VERMONT OFFICIAL STATE WEBSITE
  • Live in Vermont
    • Communities
    • Getting Around
    • Schools
    • Colleges & Universities
    • Health and Community Life
    • Political Climate
  • Grow Your Business
    • Economic Overview
    • Funding & Incentives
    • Technical Assistance
    • Key Industries
    • Workforce
    • Regional Employers
    • Site Locator
  • Work
    • Find a Job
    • Relocate to Vermont
    • Relocation Incentives
    • Regional Employers
    • Key Industries
    • Triple Bottom Line
    • Entrepreneurship
    • Coworking, MakerSpaces & Remote Work
    • Networking and Industry Associations
  • Play
    • Outdoor Recreation & Sports
    • Food & Drink
    • Music, Arts & Culture
  • Connect With Us
    • Connect
    • Official State Business Contacts
    • Networking and Industry Associations
    • Contact Us
    • Become a ThinkVermont Ambassador
  • Newsroom

Economic Overview

VERMONT IS #1 ON THE OPPORTUNITY INDEX, FOR GOOD REASON.

High economic growth, an educated workforce, and strong communities provide unlimited opportunity for businesses and workers.

We know that people and companies have choices about where to locate: They can grow in Vermont or elsewhere.

What sets us apart is our scale. Our small size means an interactive, warm atmosphere where our state officials actually care. They don’t create obstacles, they find solutions, whether it’s our Secretary of Commerce, Commissioner of Economic Development, or even the Governor.

We can help you find the right facility, the right workforce, and the right incentives. We can provide the right climate for growth. We can and will meet your needs and treat you right.

There is tremendous opportunity in Vermont. We rank #1 on the Opportunity Index (2017), which is based on a combination of economy, education, and community factors. Come join us and see for yourself.

Image of a logo for Access Winooski

FROM THE NEWSROOM

  • Governor Phil Scott releases tourism benchmark study
  • Vermont and Quebec strengthen economic ties
  • Economic development in the local food economy
  • Northeast Kingdom revitalization projects strengthen communities
  • Vermont’s Working Communities Challenge announces planning grants to eight regions

HOW WE STACK UP

#50
on the Main Street Entrepreneurship Index for Small States

—(2016) Kauffman Foundation

10%
Unemployment Rate

— (May 2018) Bureau of Labor Statistics

#29
Healthiest Small Businesses

—based on average business credit scores (2016) Experian, Moody’s Analytics as reported by Vermont Business Magazine

WHY VERMONT?

It’s easy to be a small business in this state because people appreciate small business. They seek out small business, they seek out their neighbors who are running small businesses. When you tell people you run a small business, they go ‘what do you sell? Where can I find it?’
Scott WeigandOwner, Brave Coffee, Waterbury, VT

Vermont by the Numbers

Population624,594
Nominal GDP$31.77 billion
Regional Price Parity101.2
Median Household Income$55,176
Median Home Value$223.700
Median Rent$886
Labor Force343,850
Labor Force Participation Rate66.7%
Unemployment Rate3.1%
Median Age42.4
Mean Annual Wage$47,620
High School Graduate or Higher (population 25+ years)91.8%
Bachelor’s Degree or Higher (population 25+ years)36.0%
Sources: U.S. Census, Bureau of Economic Analysis, Bureau of Labor Statistics [as of September 2017]

We want you to succeed in Vermont.

GET IN TOUCH
  • LIVE IN VERMONT
  • GROW YOUR BUSINESS
    • Key Industries
  • WORK
    • Find a Job
  • PLAY
  • CONNECT
  • NEWSROOM
802 + YOU newsletter

Ready for a Change? Sign up for our 802+YOU newsletter for inspiration on making the move.

Email
Facebook
Twitter
Instagram
logo Think VT Ambassadors program

Become a ThinkVermont Ambassador

Vermont Department of Economic Development

One National Life Drive
Davis Building, 6th Floor
Montpelier, VT 05620

info@thinkvermont.com

Copyright © 2020 State of Vermont. All rights reserved. Accessibility Policy + Privacy Policy