Vermont

  • Project Labor Agreements

    No state policy and infrequent local use.

  • Prevailing Wage

    Yes; $100,000.

  • Right to Work

    No.

  • Public-Private Partnerships

    Statute allows for the Department of Transportation to enter into P3s on certain transportation projects.

  • Workforce Development Incentives

    Current labor supply satisfies 116.3% of peak labor demand.

    State offered $2,390,500 in grants and incentives for workforce preparation and development in 2021.

  • Career and Technical Education

    93% of CTE high school graduates are placed in colleges or careers.

    Vermont recognizes NCCER as an approved curriculum for CTE programs.

  • Job Growth Rate

    -1.0%

Monthly Unemployment Rate in Vermont

Please see ABC's state-by-state construction unemployment data here.

Industry Overview

Prompt Pay

Private: Except as otherwise agreed, payment of interim and final invoices shall be due from the owner, 20 days after end of billing period.
Public: Except as otherwise agreed, payment of interim and final invoices shall be due from the owner, 20 days after end of billing period.
Subs: For both public and private, payment must occur between prime, subs and lower tiers 7 days after receipt of each progress or final payment.

Immigration/E-Verify Mandate

No law in place.

Percentage of State GDP From Nonresidential Construction

3.3%.

Incidence Rate

0.7

Occupational Safety & Health Oversight (State vs. Federal)

State plan covers private workplaces and state and local workplaces.

Percentage of Union Membership in Private Construction

5.8%

Marijuana Legalization Status

Legal for recreational and medicinal use.

Business Facts

Minimum Wage

12.55

Percentage of Pensions Funded

63.7%

Effective Real-Estate Tax Rate

1.76%

Corporate Income Tax Rate(s)

8.5%

State and Local Public Construction Expenditures (in millions)

$337
t
Overall Rank 36
  • Project Labor Agreements B
  • Prevailing Wage D
  • Right to Work F
  • Public-Private Partnerships C
  • Workforce Development Incentives C
  • Career & Technical Education A
  • Job Growth Rate F

Compared to

Vermont
 
National
B
PLA
B
C
PPP
C
C
WDI
C
A
CTE
B
F
JGR
C

Compared to the National Average

Vermont
 
National
B
PLA
B
C
PPP
C
C
WDI
C
A
CTE
B
F
JGR
C

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