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. No statute authorizes or prohibits P3s on horizontal infrastructure 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

    95% of CTE high school graduates are placed in colleges or careers.

    Vermont recognizes NCCER as an approved curriculum for CTE programs.

  • Job Growth Rate

    2.6%

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

4.6

Occupational Safety & Health Oversight (State vs. Federal)

State plan covers private workplaces and state and local workplaces.

Percentage of Union Membership in Private Construction

6.6%

Marijuana Legalization Status

Legalized for medicinal use. In 2018, limited recreational use was legalized.

Business Facts

Minimum Wage

10.78

Percentage of Pensions Funded

64%

Effective Real-Estate Tax Rate

1.78%

Corporate Income Tax Rate(s)

8.5%

State and Local Public Construction Expenditures (in millions)

507