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 51% of peak labor demand.

    State offered $0 in grants and incentives for workforce preparation and development in 2020.

  • 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

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

5.7

Occupational Safety & Health Oversight (State vs. Federal)

State plan covers private workplaces and state and local workplaces.

Percentage of Union Membership in Private Construction

4.6%

Marijuana Legalization Status

Legal for recreational and medicinal use.

Business Facts

Minimum Wage

11.75

Percentage of Pensions Funded

64.3%

Effective Real-Estate Tax Rate

1.80%

Corporate Income Tax Rate(s)

8.5%

State and Local Public Construction Expenditures (in millions)

$214