In the past few years, small businesses based in Vermont have reported a revenue growth of up to as high as 20%. The Small Business Revenue Index also reports that the state has topped the list of states when it comes to revenue growth since January 2017.
All of these are positive signs that point towards one thing: Vermont is one of the best destinations to open a new business. If you are not convinced, there are plenty of other reasons that make it a suitable choice to open a new business.
First on the list is the thriving tourism market in Vermont. The state, although small, receives an average of 13 million tourist visits per year. The total annual earnings for the tourism industry are estimated at $2.8 Billion! There are plenty of opportunities to exploit for businesses here, no matter what your industry might be.
The Chamber of Commerce is also doing tons of lobbying activities to reduce the cost of doing business in the state. This is made possible by streamlining the regulations on obtaining business permits and licenses, lowering business taxes, and business-friendly government policies.
Finally, there is a strong support from the community to help businesses flourish. There are organizations that are available to provide business assistance and funding through grants and loan programs. For business insurance related info please refer to our more in depth article.
At the request of our visitors we've included the below local insurance contacts for most cities in Vermont. You should never drive in the state of Vermont without auto insurance or you could face serious consequences. Whether you're a first-time driver or just looking to get a more affordable monthly premium, it's important that you compare quotes to make sure you get the best deal. Rates depend on various factors, including your age, gender, car make, and credit score. If you're looking for low cost auto insurance that adheres to Vermont's requirements, we're happy to help you. To find a cheap insurance policy offered by one of many insurance companies, start with the list of contacts below. For additional information on traffic laws or driving schools please navigate to your respective state using the map. And for manufactured home insurance, please refer to the respective article.
The state of Vermont is located in the New England region of the United States. Nicknamed "The Green Mountain State", the geography of the state is composed of mountains that run north-south all the way to the middle of the state, only separated by the Lake Champlain and valleys on the west from the Connecticut Valley.
Vermont is said to be 50% myth, 50% reality. It's the home of some of the country's mystique, and its name is nearly synonymous with beautiful images of sunlit meadows, red maple trees, a calm and relaxing lake, small hillside farms, stone walls, and breathtaking white ski trails. These depictions of picturesque images absolutely exist in this state. One of its popular attractions is the Church Street Marketplace, a vibrant place that holds numerous festivals throughout the year.
The state's economy is heavily dependent on the service sector. As compared to other states, Vermont has a very low unemployment rate, though wages across many sectors are lower than the national average.
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