America's Top States For Business 2013

#32 Vermont

Burlington, Vermont
Denis Jr. Tangney | E+ | Getty Images
Burlington, Vermont
2013 Rank
2012 Rank
Cost of Doing Business 256 22 38
Workforce 79 49 41
Quality of Life 265 2 3
Infrastructure & Transportation 84 48 48
Economy 265 8 27
Education 94 11 4
Technology & Innovation 95 40 43
Business Friendliness 84 31 25
Cost of Living 10 41 42
Access to Capital 10 31 23
Overall 1242 32 39


Governor: Peter Shumlin (D)

Population: 626,011

GDP growth: 1.2 percent

Unemployment rate (May 2013): 4.1 percent

Top corporate rate: 8.5 percent

Top individual tax rate: 8.95 percent

Gasoline tax: 26.7 cents/gallon

Bond rating/outlook: Aaa/Stable

Major private employers: IBM, Fletcher Allen Health Care, Mt. Snow Resort, Okemo Mountain Resort, Rutland Regional Medical Center, Southwestern Vermont Medical Center, Grand Summit Hotel, Stratton Mountain Ski Resort, Middlebury College, Smugglers Notch Resort

Economic profile sources: American Petroleum Institute (April 2013), Bureau of Economic Analysis (2012), Bureau of Labor Statistics (May 2013 release), CareerOneStop, Moody's Investors Service (senior-most tax-backed ratings), National Governors Association, Tax Foundation (2013), U.S. Census Bureau (2012 estimate)

Top States For Business 2013

From the Governors


  • South Dakota, More Than Just Gorgeous Views

    South Dakota is the winner of the annual "America's Top States for Business" study. CNBC's Scott Cohn reports on the state's economy and its stunning views.

  • Ranking America's Workforces

    CNBC's Scott Cohn reveals how other states fared when it came to their workforce, including a look at education level, retraining programs and union membership.

  • Why South Dakota is Top State for Business

    The cost of doing business was one of the key reasons the Mount Rushmore State captured the top ranking as the best state for business, reports CNBC's Scott Cohn.