INNOVATION & ENTREPRENEURSHIP

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

TARGET

By 2040, the number of mid-sized businesses (20-499 employees) has grown by 25% to over 2,700.

CURRENT STATUS

The growth of Vermont's mid-sized businesses has flat-lined at approximately 1.8% since 2015

RECOMMENDATION

Scale and grow Vermont's mid-size businesses through enhanced innovation and entrepreneurship. Read more

Key Performance Indicators

Select indicators below for data.

  • New Firm 5-Year Survival Rate (2020)

    Vermont ranks 2nd in the U.S. at 74.3% survival rate

  • Mid-SIzed Firms 2021

    Down 7.3% from 2020 to 2,234

  • R&D 'Intensity' Spending as a Share of GDP (2020)

    33rd in the U.S. at 1.33%

Pillar Datasets

Select indicators below for data.