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Source: National Institute for Science and Technology.

Venture capital historically played a small role in Vermont’s economic growth, but VC investment has been growing and in recent years trending with national growth. In 2014 Vermont saw the highest rate of VC disbursements since 2008.

Source: National Science Foundation & Bureau of Economic Analysis

Vermont moved from 17th in 2010 to 26th in 2012 for Research and Development (R&D), both in the public and private sectors. Here R&D is shown as share of overall state GDP, or intensity. Vermont’s ranking is relatively high among rural states but slipping.

Source: National Science Foundation

Venture capital activity picked up in 2014, with nearly $40 million invested. Values given here are in real 2015 dollars.