In-depth interviews were conducted with 104 companies that employ 45,124 workers in Vermont. Additional data was gathered from a random sample telephone survey of over 200 Vermont businesses. Two out of three Vermont companies describe the business climate in Vermont as difficult or mixed . Two out of three companies say they may expand in the next five years, and half of those planning expansion said it was likely or somewhat likely that the expansion will occur in Vermont. Two out of three high tech firms plan expansion, with eight out of ten saying it was likely or somewhat likely it will be in Vermont.
Half describe the state s attitude toward business as very friendly or somewhat friendly .
The survey results corrolate directly with policy initiatives that are underway with leadership from the Governor, the Lieutenant Governor, the legislature and the Agency of Commerce to address these concerns, said Commissioner D Elia. It is clear, however, that we have some work to do to improve the image of Vermont as a place to do business. The study is the second of a three-phase research project on the Vermont brand requested by the Travel and Recreation Council, an industry advisory group appointed by the Governor. The first phase focused on perceptions of Vermont by tourists who visit the state. The final phase will examine the perception of Vermont s products and services.