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Welcome to Vermont on Business Facilities Online

VERMONT Fast Facts

• Population (2006): 623,908
• Largest Cities (2006): Burlington, 38,358; Rutland, 16,964; South Burlington, 17,014; Barre, 9,078; Essex Junction, 8,902
• Targeted Industries: Environmental technology, financial services, manufacturing, agricultural products, and high technology

• Key Incentives: Vermont Employment Growth Incentive, Brownfields Initiative, Tax Increment Financing Districts, Sustainable Jobs Fund, FreshTracks Capital

VERMONT State Incentives

High-Tech Growth Incentives are eligible to high-tech businesses for a package of credits including up to 6% of total investment in machinery and equipment; up to 6% of total investment in the renovation of existing facilities to provide cable, fiber, or telecommunications access; up to 10% of qualified training, education, and workforce development expenditures; and an exemption from the sales and use tax on new personal computers and accompanying software.

A Sales And Use Tax Exemption applies to sales of building materials within any three consecutive years in excess of $250,000 in purchase value used in the construction, renovation, or expansion of facilities that are used exclusively, except for isolated or occasional uses, for the manufacture of tangible personal property for sale.

The Export Tax Credit is available to Vermont businesses that make sales outside Vermont. The company may be eligible to receive a credit equal to the difference between the income tax calculated under the existing state apportionment formula and an alternative formula that double weights the sales factor and disregards throwback provisions.

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