Vermont

  • Project Labor Agreements

    No state policy and infrequent local use.

  • Prevailing Wage

    Yes; $100,000.

  • Right to Work

    No.

  • Public-Private Partnerships

    No statute authorizes or prohibits P3s on public projects.

  • Workforce Development Incentives

    Vermont Training Program _ Offers performance-based workforce grants for pre-employment training, training for new hires and incumbent workers. Training can either be on-site or through a training provider/vendor. Grants may cover up to 50% of the training cost. Priority is given to certain targeted industries that exclude construction, though construction is an eligible industry to receive funding.

  • Career and Technical Education

    96% of CTE high school graduates are placed in colleges or careers.

    Vermont recognizes NCCER as an approved curriculum for CTE programs.

  • 5-Year Average Job Growth Rate (2011-16)

    2%.

Monthly Unemployment Rate in Vermont

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 seven days after receipt of each progress or final payment.

Immigration/E-Verify Mandate

No law in place.

Percentage of State GDP From Nonresidential Construction

4.0%.

Incidence Rate in Construction (2013)

5.9

Occupational Safety & Health Oversight (State vs. Federal)

State plan covers private workplaces and state and local workplaces.

Percentage of Union Membership in Private Construction

5.7%

Marijuana Legalization Status

Legalized for medicinal use, decriminalized for personal use.

Business Facts

Minimum Wage (2016)

10

Percentage of Pensions Funded

64%

Effective Real-Estate Tax Rate

2.02%

Corporate Income Tax Rate(s)

8.5%

Capital Spending % As Share of Total State Spending (2013)

3.4%