Economic Strengths
Unique strengths enrich state economy
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Overview
Compared to other states, Vermont’s business sector is diverse, its workforce is skilled, and its people are propelled by an entrepreneurial spirit. Vermont political and business leaders are also recognized for their accessibility. The state’s powerful brand and reputation for high quality of life make it an attractive place to work. Transportation is eased by Vermont’s proximity to major hub cities including Boston, New York and Montreal; international airports can be found within three hours’ drive of any Vermont city.
Fast Facts
- In 2005, Vermont was ranked fourth in the nation for “work environment” based on job opportunities, job quality and workplace fairness.
- According to a study by the Gund Institute for Ecological Economics, Vermont’s economic well-being is double the national average. The study considered factors including income distribution, the cost of crime, the loss of leisure time, and the erosion of nonrenewable resources.
- The number of dairy-only farms in the state declined 10% between 2005 and 2007. A growing number of Vermont farms are reinventing themselves to remain financially sustainable. By the end of 2007, 15% of Vermont’s dairy farms will be certified organic— commanding more profitable pricing from in-state and out-of-state buyers.
Read more about economic strengths in Understanding Vermont or get a copy of the entire publication.