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Innovation & Entrepreneurs

Emerging industries and innovation in established sectors, new and small businesses, and the activities and investments that fuel innovation and job creation.

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Innovation & Entrepreneurs
Economic Activity
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  • New Firm 5-Year Survival Rate (2014)
    Innovation & Entrepreneurship
    54%
    12th in the U.S.
    Business Dynamic Series Census (BDS)
  • 23% of Employment
    Small Business Employment
    (Establishments with < 20 workers)
    U.S. Census Statistics of U.S. Businesses (SUSB)
    17% is U.S. average
  • R&D "Intensity" Spending
    as a Share of GDP (2012)
    Innovation & Entrepreneurship
    2.09
    27th in U.S.
    National Science Foundation
  • 2,503
    High Tech Related Firms (2015)
    QCEW of BLS
    Level with 2012
  • 2015 Commercial Grand List
    Economic Activity
    $13.28 Billion
    Up 2.3% 2014-2015
    Vermont Department of Taxes
  • Foreign Exports 2015
    Economic Activity
    $2.99 Billion
    Origin of Movement Series of Census
    down 6% from previous year
  • GDP per capita
    Economic Activity
    $49,780
    RANK: 35th including DC
    Bureau of Economic Analysis 2015
  • Job Creation Rate in 2015
    Economic Activity
    11.4%
    Up to 11.4, increase from previous years but down from 2012
    U.S. Census Bureau, Business Dynamics Series
  • Non-Farm Employment Gain 2015-2016
    Economic Activity
    1,000
    Vermont Department of Labor
    up 0.4% Burlington /
    0.3% non Burlington VT
  • Mid-sized Firms 2014
    (20-499 Employees)
    Economic Activity
    1,924
    U.S. Census Bureau, Business Dynamics Series
    down 15% since last year