Locate and Expand Your Business

Opportunity. Innovation. Excellence.
#2

on the Opportunity Index (2019)

80 million

people live within a half-day drive of Vermont  

78%

of Vermont startups are
still active within 1 year
(Kauffman Foundation, 2020)

38,000

students attend Vermont’s 18 colleges and universities each year (VHEC, 2019)

Living in Vermont is about finding the right community for you to grow both your business and your social networks. 

Vermonters don’t find themselves cordoned off in some drab development; instead they’re immersed in the working landscapes, scenic roads, and walkable downtowns that characterize our state.

Local, national, and international businesses thrive here with community and government support and collaboration among colleagues. Start-up, emerging, and innovative businesses succeed here because Vermont provides the human, social, and financial capital they require. Vermont is home to globally competitive businesses and many remarkable brands because we foster originality, respect quality, and bring out the best in people. 

If you are looking to start, grow, or expand your business, you will find everything you need in Vermont. 

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Site Assistance

For businesses projecting exceptional growth, Vermont offers a performance-based cash incentive (not a tax credit) to locate or expand in Vermont. 

  • Grant and loan programs are available for specific regions and sectors. 
  • Efficiency Vermont offers performance-based incentives and rebates for energy improvements, paired with technical support and services.  
Workforce

Vermont consistently ranks high for education quality, and our employers have a steady stream of young talent on their doorsteps. 

  • State funding can pay up to 50% of the cost to train employees in new processes or skills. 
  • The Vermont Department of Labor offers multiple workforce development resources for employers to hire and train existing and new workers. 
  • 38,000 students attend Vermont’s 18 colleges and universities each year.  
Capital Financing

A variety of financing options in the state support all stages of growth, from angel investing to an array of revolving loan funds and venture capital. 

  • Real estate and equipment financing available at advantageous rates/terms. 
  • Start-up companies can raise up to $2 million in capital by selling shares to in-state investors. 
Export and Government Contracting Assistance

Technical support is available to businesses of all sizes to access new markets through international trade and government contracts. 

A New Vermont is Emerging

Vermont continuously ranks in the top 10 for startup activity, innovation, and opportunity.

Some of Vermont’s most notable business leaders explain how they thrive here and why they call Vermont home.

Vermont by the Numbers

Statistic
Population
623,989
Nominal GDP
$34.013 billion
Regional Price Parity
103.0
Median Household Income
$63,001
Median Home Value
$233,200
Median Rent
$980
Labor Force
313,279
Labor Force Participation Rate
60.4%
Unemployment Rate
3.1%
Median Age
42.8
Mean Annual Wage
$53,420
High School Graduate or Higher (population 25+ years)
93.1%
Bachelor’s Degree or Higher (population 25+ years)
42.2%

Sources: U.S. Census, Bureau of Economic Analysis, Bureau of Labor Statistics

Quebec

Montreal

New York City

Boston

Portland

Hartford

Location and Proximity

Vermont is centrally located between the urban centers of Montreal, Boston, and New York, providing essential connectivity for businesses.

  • Interstates 89 and 91 provide direct highway access.
  • Proximity to the Port of Montreal. 
  • Burlington International Airport has frequent one-hour flights to Toronto and New York and two-hour flights to Chicago and Washington, D.C.
  • 10+ smaller airports statewide.
  • Rail corridor connects to Canada, New York, and points south.