POPULATION: 626,011 (2012 Census estimate)
LABOR FORCE: 351,850 (Aug 2013 Dept of Labor)
RIGHT TO WORK: No
TRADITIONAL INDUSTRIES: Manufacturing, tourism, agriculture, captive insurance
EXPANDING INDUSTRIES: Advanced Manufacturing; Value-added Food Mfg; Healthcare; IT, Renewable/Enviro Technology
COLLEGE GRADUATES: (Age 25 and over) 42.2%
BASIC BUSINESS TAXES:
Corporate Income Tax: $0-$10,000: 6 percent; $10,001-$25,000: 7 percent; $25,001 and over: 8.5 percent; minimum tax of $300
Corporate Organization and Qualification Fees:$125.00
Sales and Use Tax: 6 percent of taxable sales of tangible personal property, including rentals of tangible personal property, assessment charges, fabrication charges, printing charges, digital downloads and telecommunications charges; use tax applies to storage, consumption, or use of tangible personal property or services, unless already subject to sales tax; meals and rooms taxed at 9 percent; several jurisdictions are authorized to assess an additional 1 percent local option tax. Certain exemptions for manufacturers.
Property Tax: Local property tax rates vary by municipality. State property tax for Education Fund for fiscal year 2013 is $1.38 per $100 for nonresidential property.
BUSINESS INCENTIVES:
Vermont Employment Growth Incentive for job creation/ capital investment
Vermont Training Program to assist with worker training
Vermont Economic Development Authority loans and guarantees
Vermont Environmental Assistance Partnership
Vermont Agency of Agriculture marketing partnerships
Vermont Brownfields Initiative
Vermont Downtown Program
Workforce Education and Training Fund
