Best States for Business 2021: Vermont

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Green Mountain State offers the best quality of life in the United States. But finding workers can be difficult.

Vermont Score and Rank

Category Score 2021 Ranking 2021 Ranking 2019 Class 2021
Cost of doing business 154 38 36 J +
Workforce 147 46 50 D
Life, Health & Inclusion 317 1 A +
Infrastructure 101 50 24 F
Business friendliness 121 33 34 VS
Access to capital 88 31 45 VS-
Economy 22 49 44 F
Technology and innovation 89 26 27 VS
Education 107 5 15 A-
Cost of life 17 40 40 D-
Globally 1163 42 40

Economic profile

Governor: Phil Scott, Republican

Population: 623,347

GDP growth (Q1 2021): 6.1%

Unemployment rate (May 2021): 2.6%

Maximum corporate tax rate: 8.5%

Maximum personal tax rate: 8.75%

Gasoline tax: 30.46 cents / gallon

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

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

Sources of economic profiles: US Census Bureau, US Bureau of Economic Analysis, US Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding federal tax of 18.40 cents / gallon), Moody’s Investor Service, S&P Global Market Intelligence

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