Top States for Business

42. Vermont

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The Green Mountain State offers America's peak quality of life. But finding workers can be challenging.

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Vermont Score and Ranking

Category 2021 Score 2021 Rank 2019 Rank 2021 Grade
Cost of Doing Business1543836D+
Workforce1474650D
Life, Health & Inclusion3171--A+
Infrastructure1015024F
Business Friendliness1213334C
Access to Capital883145C-
Economy224944F
Technology & Innovation892627C
Education107515A-
Cost of Living174040D-
Overall11634240--

Economic Profile

Governor: Phil Scott, Republican

Population: 623,347

GDP growth (Q1 2021): 6.1%

Unemployment rate (May 2021): 2.6%

Top corporate tax rate: 8.5%

Top individual income tax rate: 8.75%

Gasoline tax: 30.46 cents/gallon

Bond rating (Moody's/S&P): Aa1, stable/AA+, negative

Major private employers: Fletcher Allen Health Care, Casella Waste Systems

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

A street is closed due to work in the road in Jersey City, New Jersey, U.S. March 31, 2021.
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