Vermont Manufacturing Day Brings Business and Policy Leaders Together at the State House

Vermont Manufacturing Day Brings Business and Policy Leaders Together at the State House

Over 100 manufacturing industry leaders gathered at the State House on April 2 to engage with legislators and raise awareness of the collective contributions of this industry to the Vermont economy. Vermont Manufacturing Day, convened by the Vermont Chamber of Commerce, Associated Industries of Vermont, Regional Development Corporations of Vermont, and Vermont Manufacturing Extension Center, brought businesses together to increase awareness, build relationships, and tell the story of the industry.

The Vermont Manufacturing economy has a $3 billion annual economic impact (over 8% of the state’s GDP), supports 30,000 jobs, and represents 10.5% of Vermont’s workforce. Businesses, legislative leaders, and Administration officials collaborated for a day of advocacy to elevate the collective contributions of the manufacturing sector to Vermont. Advocacy day highlights included a joint hearing with the Senate Committee on Economic Development, Housing and General Affairs and House Committee on Commerce and Economic Development, a listening session with Speaker Jill Krowinski, a listening session with Lieutenant Governor John Rogers, and a joint resolution recognizing April 2, 2025 as Vermont Manufacturing Day.

Rep. Jonathan Cooper (Bennington-1), shared “In this resolution, we affirm the value and necessity of a thriving manufacturing sector in the Green Mountain State. Accounting for more than 10 percent of Vermont’s private sector jobs, and boasting an average wage well above the statewide figure, the manufacturing industry provides a variety of high-quality, skilled jobs that are the backbone of our state’s economy. This sector plays a key role in both economic stability and prosperity, particularly in our rural communities,” commented Rep. Cooper.

“What sets Vermont manufacturers apart is their commitment to collaboration and continuous improvement. They are agile, people-focused, and solutions-oriented. And that culture of excellence is essential to building a more competitive, more resilient Vermont economy,” said Amy Spear, President of the Vermont Chamber of Commerce. “Manufacturing Day is more than a celebration—it’s a vital opportunity to connect Vermont’s business leaders and legislators. It’s how we strengthen understanding, build partnerships, and advance policies that support a thriving manufacturing sector.”

At the press conference, Vermont Commerce Secretary Lindsay Kurrle shared, “Manufacturers produce goods, create high-quality and high-paying jobs, and contribute to the economic success of Vermont. From aerospace to semiconductors and injection molding to socks – our manufacturing landscape is varied and thriving. At the Agency of Commerce and Community Development, our Department of Economic Development team is invested in manufacturing. We are committed to recruiting new businesses to Vermont and supporting the ones that are already here.”

 “Manufacturers across Vermont face challenges including high energy costs, aging infrastructure, and a tight labor market. It’s important that we all work together to develop targeted programs that provide both immediate and long-term support to overcome these challenges,” said Alex Demoly, Vice President of the Greater Burlington Industrial Corp. “With continued industry support, we can help Vermont manufacturers modernize their facilities, improve their competitiveness, and expand their workforce development efforts.”

Business leaders highlighted the following sentiments in their testimonies: the role of manufacturing in helping to sustain a diverse economy that supports a range of other industries, the sector’s centrality in providing jobs and fostering innovation throughout the state, including in more rural communities, and the collective challenges facing businesses in the industry, including: workforce development and access to skilled labor, workforce housing accessibility and affordability, and rising costs.

“According to Deloit, the U.S. is projected to have more than 2 million unfilled manufacturing jobs by 2030 nationwide. With Vermont’s aging population and a housing crisis, we are particularly vulnerable to being even further left behind,” said Diane Abruzzini. “There is momentum towards reshoring manufacturing back to the U.S. and Vermont has a real opportunity to be a part of that. To do so, we must address the structural challenges that make doing business here difficult, while building on the collaborative strengths that make Vermont a supportive place to grow.”

Additional business and policy leaders that testified were: Mike Rainville, Founder and Owner of Maple Landmark, Jim Tringe, Director of Plant Services at Cabot, Brian Kippen, President/CEO of KAD Models & Prototypes, Inc., Elizabeth Dunn, Director of Distribution and In-House Manufacturing at USA Brands, Alberto Aguilar, President and CEO at Carris Reels, and Meg Hammond, Executive Director of Generator.

 

Major General Gregory Knight Selected as the 2025 Citizen of the Year

Major General Gregory Knight Selected as the 2025 Citizen of the Year

The Vermont Chamber of Commerce has selected Major General Gregory Knight, Adjutant General of the Vermont National Guard, as the 2025 Citizen of the Year. He was selected for the award for his outstanding contributions to Vermont’s safety, economy, and military readiness. Through his proactive leadership, workforce development initiatives, and dedication to ensuring every soldier and airman feels valued, he has truly exemplified the spirit of service and self-sacrifice that this award honors. The award will be presented at a celebratory event on Wednesday, May 21, at Von Trapp Family Lodge & Resort in Stowe.

The award is presented annually by the Vermont Chamber to honor an outstanding Vermonter who has
made major contributions to the betterment of Vermont; has been distinguished through outstanding
service to their community and region; and typifies the true spirit of service and self-sacrifice in
representing the finest ideals of Vermont citizenship.

“I am honored and humbled to be named as the Vermont Chamber of Commerce 2025 Citizen of the Year. It has been an absolute privilege to lead the men and women of the Vermont National Guard for the last six years,” said Major General Knight. “This recognition is a testament to their hard work and dedication, responding to the needs of our fellow citizens in Vermont and throughout the Nation. They embody the best of this great state. It is on their behalf that I accept this award.”

“General Knight ‘s work has strengthened Vermont’s safety, economy, and military readiness. Major General Knight exemplifies the spirit of service, making Vermont stronger through his leadership and unwavering commitment to its people. His dedication to Vermont’s future, both in times of crisis and in everyday work, makes him an outstanding candidate for this honor,” said Rep. Laura Sibilia, Rep. Lisa Hango, Rep. Mary Katherine Stone, and Rep. Sandy Pinsonault of the Vermont National Guard and Veterans Affairs Legislative Caucus.

“This award celebrates a Vermonter whose extraordinary contributions have elevated our communities, and Major General Knight’s record speaks for itself,” said Amy Spear, President of the Vermont Chamber. “He is a foundational figure and an outstanding leader in our Vermont community.”

A lifelong Huntington resident, Major General Knight has dedicated over 40 years to uniformed
service—starting in the U.S. Coast Guard, serving in law enforcement, and committing 27 years as a
commissioned officer in the Vermont Air and Army National Guards. His leadership has been pivotal,
from his deployment to Iraq and earning commendations like the Bronze Star and Meritorious Service
Medal, to his critical role as Vermont’s Adjutant General. Under his guidance, the National Guard has
responded to historic floods, supported Vermont communities during the COVID-19 pandemic, and
fostered an environment that emphasizes inclusivity and personal connection.

His work extends far beyond disaster response; through his proactive leadership, workforce
development initiatives, and dedication to ensuring every soldier and airman feels valued, he has truly
exemplified the spirit of service and self-sacrifice that this award honors.

The award dates back to 1964 and previous recipients include Tom Dee, Senator Patrick Leahy, Barbara
Snelling, Antonio Pomerleau, and Ken Squier. Registration to attend the celebration is now open. To
register to attend or for more information, visit the Citizen of the Year event landing page.

Op-Ed: Strength in Service: Unlocking Opportunity with Military Pension Benefits 

Strength in Service: Unlocking Opportunity with Military Pension Benefits

This Op-Ed is by Amy Spear, President of the Vermont Chamber of Commerce

Vermont stands at a pivotal moment in its economic and demographic evolution. As our state grapples with an aging population and an increasing need for a vibrant, skilled workforce, we must leverage every opportunity to build a stronger future. Military retirees represent one such opportunity—a group renowned not only for their exceptional skills and discipline, but also for their potential to invigorate local communities.

Historically, Vermont has been an outlier among states when it comes to taxing military pensions. While many neighboring states offer full exemptions, Vermont currently exempts only the first $10,000 of military retirement pay for residents whose incomes fall below modest thresholds. This limited exemption contradicts our goal of creating a welcoming environment. Compared to states like New Hampshire and Maine—both ranked among the top 10 for military retiree benefits—Vermont remains the worst state for our veterans, sending a discouraging message to those who have served our nation.

Data shows that military retirees are not only experienced professionals but also bring steady incomes and an unwavering commitment to community service. In fact, 70% of these individuals are between the ages of 35 and 50, often continuing to contribute to the workforce in civilian roles well after their military service ends. Their ongoing economic activity strengthens local economies and expands the tax base—benefits that far outweigh the estimated $4 million in foregone revenue from a full exemption.

The demographic stakes are high. Vermont’s veteran population is declining at a rate of 2.7% annually, compared to a national decrease of 1.6%. This trend is most pronounced among those aged 40 to 64, the very group poised to benefit from and contribute to a more inclusive pension exemption policy. By aligning our tax policies with those of our peers, we not only honor the service of military retirees but also position Vermont as a destination for a skilled, diverse, and dynamic workforce.

This policy change is a key element of the Vermont Economic Action Plan, which focuses on two main pillars: Expansion—growing our population and housing—and Efficiency—regulatory streamlining and fiscal responsibility. Integrating a full state income tax exemption for military retirees and their survivors into this framework will strengthen our communities, enhance our workforce, and advance the Vermont economy.

The Vermont Chamber of Commerce remains steadfast in its support for removing state taxation on military retirement pay and survivors benefits.  Creating a tax environment that respects and rewards service will not only attract military retirees but also contribute to a broader, more resilient economic landscape in Vermont.

Call to Action
As state lawmakers from across the political spectrum show growing support for this measure, we encourage all Vermonters to recognize the benefits of welcoming our military retirees. More people need Vermont, and Vermont needs more people—especially those who have served our country with honor and distinction.

Now is the time to act. We encourage Vermonters to reach out to their legislators—by calling, emailing, or meeting with them—and ask for S.17 and H.43 to be enacted this legislative session. Every voice matters in shaping a future where Vermont honors and supports those who have served our nation.

Vermont Signature Events Award Winners Announced 

Vermont Signature Events Award Winners Announced

The Vermont Chamber of Commerce and the Vermont Department of Tourism and Marketing have announced the winners for the 2025/26 Vermont Signature Events program. These signature events offer experiences that fuel the Vermont visitor economy. In 2023, visitor spending contributed $4.0 billion to Vermont’s economy. 

2025/26 Vermont Signature Events: 

  • Quechee Balloon Festival (June 20-22, 2025): Vermont’s longest-running hot air balloon festival, featuring colorful balloon launches, live entertainment, and family-friendly activities in Quechee. 
  • Summer Solstice Sessions (June 21, 2025): At Jay Peak Resort, outdoor activities and live music combine with a rare summer skiing experience on preserved terrain. 
  • Lake Morey Summer Concert Series (Thursdays from June 26 – August 21, 2025): Held in Fairlee, this weekly concert series brings live music, local food vendors, and nationally acclaimed artists to the community. 
  • Best of Vermont Summer Festival (August 23-24, 2025):  In Ludlow, more than 125 vendors, live music, hot air balloons, and family-friendly activities come together to celebrate Vermont’s culture. 
  • South End Art Hop (September 5-7, 2025): Burlington’s three-day celebration features hundreds of open studios, art exhibitions, and live music in the South End Arts District. 
  • Vermont Pumpkin Chuckin’ Festival (September 28, 2025): In Stowe, pumpkin launching via trebuchets, live music, food, and a variety of activities create a fun-filled festival atmosphere. 
  • Heirloom Apple Day (October 12, 2025): Celebrate Vermont’s apple heritage with heirloom apple tastings, farm tours, and local food at Scott Farm in Dummerston. 
  • Woodstock Wassail Weekend (December 12-14, 2025): Woodstock becomes a holiday wonderland with horse-drawn carriage rides, artisan craft fairs, and festive musical performances. 
  • First Night North (December 31, 2025): In St. Johnsbury, this family-friendly arts festival offers live performances, food vendors, and a community countdown to the new year. 
  • Curds & Curling (February 2026): In Greensboro, winter festivities include cheese tasting, curling competitions, live music, and local food in a festive atmosphere. 

 The Vermont Signature Events program offers an invaluable opportunity for events to garner widespread recognition. Signature events are awarded annually and showcase the rich variety of experiences to be had in the Green Mountains. These top-rated events offer a true taste of all that is local, bringing visitors into the heart of communities and serving as an important component in the Vermont visitor economy. 

Learn more about the 2025/26 Vermont Signature Events. 

Union Mutual Named 2024 Outstanding Busniess of the Year

Union Mutual Named 2024 Outstanding Business of the Year

Image of the Union Mutual Logo with an image a torchbearer's lamp and the slogan "Live life well protected" written below "Union Mutual."

 VermontBiz and the Vermont Chamber of Commerce are pleased to announce Union Mutual Insurance Company as the recipient of the 2024 Outstanding Business of the Year Award. The award will be presented to Union Mutual at the opening session of the Vermont Economic Conference on January 28 at the UVM Dudley Davis Center.

A Legacy of Community Commitment

Founded in 1874, Union Mutual has been woven into the fabric of Vermont for more than a century and a half. Throughout its history, the company has combined strong financial performance with a deep sense of social responsibility, supporting a range of community initiatives across the region. In 2024 alone, Union Mutual employees collectively contributed over 230 volunteer hours to local organizations such as Special Olympics Vermont, Meals on Wheels, and the Vermont Foodbank. Its charitable giving fund also provided financial assistance to dozens of nonprofits, from youth sports programs to healthcare foundations.

“For 150 years, Union Mutual has strived to be a reliable and forward-thinking partner to our policyholders and our community,” said Lisa Keysar, President & CEO. “Receiving the Outstanding Business of the Year Award is an honor that reflects our team’s enduring commitment to Vermont. We believe deeply in giving back, fostering a positive work environment, and ensuring Vermonters can ‘live life well protected.’”

Union Mutual’s leadership in corporate responsibility is evident in both its environmental initiatives and its employee-focused culture. The company maintains a solar array at its Montpelier headquarters, pursues paperless processes for policyholders, and partners with One Tree Planted for every new paperless policy—underscoring its dedication to sustainability. Internally, Union Mutual offers robust professional development, competitive benefits, and flexible workplace options, helping earn it recognition as one of the Best Places to Work in Vermont for 11 consecutive years.

“We have so many outstanding businesses in Vermont that reflect our state’s innovative and community-driven spirit,” said Vermont Chamber President Amy Spear. “Union Mutual’s longevity, remarkable community impact, and forward-thinking business practices align perfectly with the core values we celebrate in this award.”

“From its longstanding record of financial stability to its multi-faceted approach to community service, Union Mutual is a wonderful example of how success and responsibility can go hand in hand,” said John Boutin, Publisher of VermontBiz. “They exemplify the best of what Vermont businesses bring to our communities.”

For 35 years, VermontBiz and the Vermont Chamber of Commerce have partnered to present the Outstanding Business of the Year Award, recognizing the state’s most dynamic and community-minded companies. Past winners represent a who’s who of Vermont businesses, each significantly contributing to the state’s economy and the well-being of its residents.

______________________________

OUTSTANDING BUSINESS OF THE YEAR AWARD WINNERS

[Previously known as the Deane C. Davis Outstanding Vermont Business of the Year Award]

2023      BOURNE’S ENERGY

2022      HICKOK & BOARDMAN INSURANCE GROUP

2021      HEALTHY LIVING MARKET AND CAFÉ

2020      LAWSON’S FINEST LIQUIDS

2019      CHROMA TECHNOLOGY CORP.

2018      GREEN MOUNTAIN POWER

2017      VERMONT MUTUAL INSURANCE GROUP

2016      MARATHON HEALTH

2015      PC CONSTRUCTION

2014      CHAMPLAIN CABLE

2013      DEALER.COM

2012      GW PLASTICS, INC.

2011      FOLEY FAMILY OF COMPANIES

2010      SMALL DOG ELECTRONICS

2009      BIOTEK INSTRUMENTS INC

2008      NATIONAL LIFE GROUP

2007      SYMQUEST GROUP INC

2006      RSG

2005      KING ARTHUR FLOUR

2004      IDX

2003      HUBBARDTON FORGE

2002      NRG SYSTEMS

2001      WILD APPLE GRAPHICS

2000      WAITSFIELD CHAMPLAIN VALLEY TELECOM

1999      CABOT CREAMERY

1998      VERMONT COUNTRY STORE

1997      SMUGGLERS’ NOTCH RESORT

1996      MACKMOLDING COMPANY

1995      VERMONT HEATING & VENTILATING

1994      GREEN MOUNTAIN COFFEE ROASTERS

1993      PERRY RESTAURANT GROUP

1992      MCKENZIE MEATS

1991      C & S WHOLESALE GROCERS

1990      WALLACE ENTERPRISE

Vermont Chamber of Commerce and NBT Bank Partner to Launch New Economic Insights Webinar Series

Vermont Chamber of Commerce and NBT Bank Partner to Launch New Economic Insights Webinar

The Vermont Chamber of Commerce has announced a new programmatic partnership with NBT Bank, aimed at providing businesses across the state with the valuable, data-driven economic insights needed to succeed in today’s dynamic marketplace.

The new Economic Insights webinar series will launch on January 14 at 1 PM and will feature insights and analysis from Kenneth J. Entenmann, CFA®, Chief Investment Officer & Economist at NBT Wealth Management. Ken has more than 33 years of investment experience. Prior to joining NBT Bank, he served as Director of Investment Management at Alliance Bank. In his current role, he oversees more than $6 billion in assets under management and administration in trust, custody, retirement, institutional, and individual accounts.

Entenmann graduated from Cornell University with a bachelor’s degree in Applied Economics and Business Management. He also earned an MBA from the William E. Simon Graduate School of Business Administration at the University of Rochester and holds the Chartered Financial Analyst (CFA) designation.

During the webinar, Ken will explore national and Vermont-specific economic trends, offering clear, actionable guidance for businesses throughout the state. In each webinar, Ken will examine the current economic landscape, highlight emerging trends, and discuss their potential impact on Vermont’s business community. Whether you’re seeking to understand the broader economic forces at play or looking for specific guidance on navigating the Vermont market, these sessions will deliver actionable insights to keep you informed and ahead of the curve. Powered by NBT Bank, this series is designed to help Vermont businesses stay resilient and responsive in a shifting economy.

“We’re thrilled to partner with NBT Bank to deliver this valuable resource to our members and the broader Vermont business community,” said Amy Spear, President of the Vermont Chamber of Commerce. “As Vermont businesses navigate economic challenges and opportunities, having access to real-time expert guidance and data-driven insights empowers Vermont businesses with knowledge and tools for long-term success.”  

For more information, series dates, and to register, please visit vtchamber.com/economic-insights.

Op-Ed: The Vermont Chamber’s 2025 Legislative Priorities

Common Ground: Working Together to Address Vermont’s Affordability Crisis

Each year, the Vermont Chamber of Commerce outlines our legislative priorities with one focus in mind: creating the conditions to advance the Vermont economy. This year, our goals align closely with those voiced by Vermonters at the polls: addressing affordability, fostering economic growth, and doing the hard work to solve Vermont’s toughest challenges. 

Affordability is at the forefront of these challenges. Vermonters are grappling with rising costs, driven by demographic pressures and systemic issues in areas such as education finance spending, housing, and healthcare. Based on data compiled by the Vermont Futures Project, our state must add an average of 13,500 people to its workforce annually through 2035 to keep the economy thriving in the face of demographic shifts. Meanwhile, meeting current housing demand will require tripling Vermont’s housing output to produce 36,000 new units by 2029.

Addressing this level of need is even more pressing given Vermont’s ranking as the third-highest state in the nation for tax collections per capita, according to the U.S. Census Bureau. Property and individual income taxes remain Vermont’s largest sources of revenue—placing additional stress on families and businesses already struggling with limited housing options and rising costs. While band-aid solutions might feel appealing, real progress requires honest conversations, a shared commitment, and a willingness to embrace compromise. We need solutions that tackle the root causes, not just the symptoms. 

Last year’s success in modernizing Act 250 demonstrated how stakeholders with historically opposing sides commit to working together, and in doing so, real progress can be made—even when the process is challenging and compromises are required. By remaining fully engaged and working through disagreements, participants honored diverse perspectives and paved the way for continued collaboration, providing a blueprint for how to accomplish meaningful change. This model of purposeful engagement—where people listen to different viewpoints, set aside rhetoric, and remain focused on shared goals—must be a cornerstone of how we move forward in Montpelier and beyond. As we look ahead, whether in the State House, the boardroom, or around the kitchen table, we must prioritize this spirit of cooperation to address our affordability crisis and build a stronger future for businesses and communities across the state. 

The Vermont Chamber is committed to playing an active role in this process. We will advocate for thoughtful, data-driven policies that reduce costs, grow our economy, and create opportunities for all Vermonters. Vermont’s challenges, from housing shortages to healthcare costs, do not rest on the shoulders of any one party, organization, or community. Making meaningful reforms will require all stakeholders—legislators, administration officials, advocates, businesses, and individuals—to engage in difficult conversations and embrace compromise. Only through a shared sense of responsibility—and shared accountability for the outcomes—can we create the conditions for inclusive and forward-thinking problem-solving. Blame and partisanship must give way to open-minded discussion and creative ideas that improve Vermonters’ lives. 

As we begin the new legislative session, the Vermont Chamber calls on our leaders to remain engaged in discussions, continue the dialogue, and keep conversations focused on results. It’s time to move beyond rhetoric and engage in the real work of making Vermont more affordable and sustainable for all. By doing so, we can ensure our state’s economy remains vibrant, our communities remain livable, and our future remains bright. 

Vermont Chamber Welcomes Three Professionals

Vermont Chamber Welcomes Three Experienced Professionals
The Vermont Chamber Welcomes Three Experienced Professionals. Pictured left to right: Emily Hurd, Marketing and Communications Director, Isabel Gogarty, Program Associate, and Maggie Talty, Tourism Marketing and Sales Associate.

The Vermont Chamber of Commerce is excited to announce the addition of three experienced professionals to its team: Emily Hurd as Marketing and Communications Director, Isabel Gogarty as Program Associate, and Maggie Talty as Tourism Marketing and Sales Associate.

Emily Hurd, Marketing and Communications Director

Hurd brings a dynamic and versatile background to her role as Marketing and Communications Director. A graduate of Kenyon College with a degree in Psychology, she combines analytical precision with creative storytelling skills. Her professional background—spanning real estate marketing, health coaching, and freelance content creation—has equipped her with a strategic communication skill set and the ability to craft compelling narratives. Emily’s ability to connect with diverse audiences through engaging content, coupled with her proficiency in digital marketing and social media strategy, will strengthen the Chamber’s efforts to amplify Vermont’s business community.

Isabel Gogarty, Program Associate

Gogarty arrives with a strong background in leadership, education, and community engagement. Holding a Master’s degree in Education Research from Castleton University, she has excelled in program planning and stakeholder collaboration. Her leadership roles, including serving as President of SHAPE Vermont and as a member of the Middlebury Selectboard, reflect her dedication to public health, education, and economic development. Isabel’s ability to launch initiatives like the Chamber’s upcoming Vermont National Civics Bee® and her expertise in organizing impactful events make her an invaluable addition to the Chamber’s mission of driving statewide economic progress.

Maggie Talty, Tourism Marketing and Sales Associate

Talty joins as Tourism Marketing and Sales Associate, bringing fresh ideas and a deep passion for Vermont’s tourism and hospitality industry. A University of Vermont graduate with a degree in Public Communication, Maggie’s background includes strategic communication, campaign management, and audience engagement. Her experience as Communications Coordinator at Junapr and as an intern with the Vermont Chamber has honed her marketing strategy and stakeholder engagement skills. Maggie’s enthusiasm for showcasing Vermont as a premier travel destination will elevate the state’s visitor economy and support the Chamber’s Tourism Marketing Program.

“The addition of Emily, Isabel, and Maggie reflects the Vermont Chamber’s commitment to innovation, collaboration, and driving meaningful results for Vermont’s business community,” said Amy Spear, President of the Vermont Chamber of Commerce. “Their unique talents and dedication will be instrumental in our member-driven, data-informed work to further our mission of advancing the Vermont economy.”

Facing the Hard Truths: Vermont Businesses Call for Systemic Reforms 

Facing the Hard Truths: Vermont Businesses Call for Systemic Reforms

The Vermont Chamber’s recent Business Climate Survey reveals a stark reality: Vermont businesses feel increasingly challenged by rising costs, complex regulations, and not enough legislative focus on tackling systemic changes. From taxes to housing, and healthcare, businesses and residents alike are grappling with the same mounting pressures—escalating costs without proportional returns on investment. The message is clear: Vermont must address its most significant issues with bold, comprehensive reforms to remain competitive and economically intact.

General Business Climate: A Climate of Concern

Survey respondents consistently voiced frustration with Vermont’s business environment, citing rising operational costs, regulatory hurdles, and a lack of workforce availability. With an overall business climate score of 2.56 out of 5, the sentiment reflects significant concern. Businesses struggle to find qualified workers due to high living costs and limited housing, causing some to reduce hours, cut services, or consider relocation.

Taxes: Rising Burdens Without Balanced Returns 

Taxation emerged as a dominant concern, with 91% of businesses stating that Vermont’s current tax structure hinders growth and investment. Businesses report feeling overwhelmed by an increasing array of taxes—property, payroll, income, and sales— and regulations while expressing frustration with what they see as inefficient state spending. A staggering 95% believe Vermont is not balancing tax increases with meaningful investments. Without reforms to taxation and spending, respondents fear that Vermont risks jeopardizing its viable business climate and driving businesses—and their employees—elsewhere. 

Housing: A Crisis Blocking Growth 

Housing availability remains one of the most pressing challenges for workforce development in Vermont. Despite significant state investments, businesses report little progress in improving housing options for their employees. The high cost of housing, combined with permitting restrictions and the increasing prevalence of short-term rentals, continues to hinder efforts to attract and retain workers. To address these challenges, businesses are advocating for streamlined permitting processes and targeted incentives that prioritize market rate workforce housing for renters and ownership. 

Healthcare: Costs Rising Beyond Reach 

Healthcare costs are another critical challenge, with escalating insurance premiums pushing many businesses to evaluate coverage options. Nearly 45% of respondents have had to adjust their benefits due to rising costs, and smaller businesses struggle most acutely. Employers are seeking systemic reforms to reduce healthcare costs and provide more equitable solutions without shifting the burden solely onto them.

Payroll Tax: Frustrations Over New Costs

Childcare remains an issue for Vermont’s workforce stability, though Vermont’s demographic realities mean that 48% of respondents indicated that none of their employees currently have childcare needs, raising frustrations over the financial obligations to the new childcare contribution payroll tax. For businesses with employees who rely on childcare, respondents indicated that current efforts have fallen short and have not provided effective solutions for working families. Employers report that childcare remains a challenge, with 47% seeing no improvement in affordability or availability since recent legislative changes.

While businesses recognize the importance of childcare, many are concerned about the financial impacts imposed by the new payroll tax, with 87% opposing further increases. These responses indicate that it will be critical to review independent data on how the recent investments are working and if additional reforms, rather than tax increases, are possible.

A Call to Action: Facing Complex Challenges Head-On 

The survey underscores a common frustration: Vermont needs to focus on tackling the systemic issues that drive costs and limit growth. Vermont businesses are calling for bold reforms to the state’s tax structure, housing policy, and healthcare system to alleviate pressures and unlock long-term economic potential.

As the 2025 legislative session approaches, the Vermont Chamber remains committed to amplifying these voices and advocating for policies that reflect Vermont’s values while addressing its greatest challenges. The real progress Vermont needs requires facing complex issues directly, balancing costs with investments, and creating an environment where businesses and communities can thrive.

Bradley Tusk Announced as Keynote Speaker for 2025 Vermont Economic Conference

Bradley Tusk Announced as Keynote Speaker for the 2025 Vermont Economic Conference

The Vermont Chamber of Commerce has announced Bradley Tusk, venture capitalist, political strategist, philanthropist, and author, as the keynote speaker for the 2025 Vermont Economic Conference. The conference, Vermont’s premier economic event, will take place on Tuesday, January 28, 2025, at the UVM Davis Center in Burlington, Vermont. 

 

As the Managing Partner and Co-founder of Tusk Venture Partners, the world’s first venture capital fund investing solely in early-stage startups in highly regulated industries, Tusk brings a wealth of experience in navigating complex political and business landscapes. During the keynote, Tusk will join Vermont Chamber of Commerce president, Amy Spear, for a fireside chat on the intersection of innovation, policy, the future of Vermont’s economy, and his efforts to bring mobile voting to more U.S. voters.

 

Tusk is the author of Vote With Your Phone: Why Mobile Voting Is Our Final Shot At Saving DemocracyObvious In Hindsight, and The Fixer: My Adventures Saving Startups From Death by Politics. He also hosts the podcast Firewall, which explores the intersection of technology and politics. He is the founder of Tusk Philanthropies, which focuses on campaigns for both mobile voting and for universal school meals. Recently, Tusk Philanthropies’ Solving Hunger initiative worked with Hunger-Free Vermont to champion school meal funding, benefiting more than 83,000 Vermont students. 

 

Earlier in his career, Bradley served as campaign manager for Mike Bloomberg’s 2009 mayoral race, then as Deputy Governor of Illinois, overseeing the state’s budget, operations, legislation, policy and communications. He also worked as Communications Director for US Senator Chuck Schumer, and as Uber’s first political advisor. He founded the political consulting firm, Tusk Strategies.

 

“We are thrilled to have Bradley Tusk join us as our keynote speaker,” said Amy Spear, President of the Vermont Chamber of Commerce. “His expertise in navigating regulatory environments and his innovative approach to problem-solving will provide invaluable insights for Vermont business leaders as we look to adapt to national and global economic trends.”

 

The 2025 Vermont Economic Conference will offer attendees an in-depth look at national, global, and state economic outlooks, with a focus on key macroeconomic trends and actionable strategies for business growth. Content areas will include:

 

  • National and Vermont Economic Outlooks: Gain insights into the key macroeconomic trends driving national growth and understand how Vermont fits into the broader economic landscape.
  • Engaging Presentations: Presentations will highlight strategies for business growth, including insights into the regulatory challenges and opportunities Vermont businesses face.
  • Networking Opportunities: The conference will offer an excellent opportunity to connect with industry leaders, policymakers, and fellow business executives from across Vermont.

The presenting sponsors of the event are TD Bank and Comcast. Additional support is provided by businesses committed to advancing the Vermont economy, including A.N. Deringer, KPMG, Union Mutual, Vermont Economic Development Authority (VEDA), Vermont Electric Power Company (VELCO), Fidelity Investments, Green Mountain Power, Primmer Piper Eggleston & Cramer PC, VGS, and White + Burke Real Estate Advisors. For more information and to register for the 2025 Vermont Economic Conference, please visit vtchamber.com/economicconference.