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The Small Business Economy

Source: Business Dynamic Series U.S. Census; 2014 data; 2015 data

The greatest share of working Vermonters are employed in mid-sized firms – those with 20-500 employees. These firms are considered small in terms of U.S. firm size, but that range represents Vermont’s “sweet spot” in terms of growing and sustaining firms. The share of employees in Vermont’s largest firms had been growing, but ticked down in recent years. Recent downsizing and relocations for some major companies mean this trend is likely to continue.

Source: Longitudinal Employer-Household Dynamics, U.S. Census

Wages generally rise with employer size and have seen increases in each category aside from businesses with 250-499 employees. In every employer size category VT has lagged behind US wages in recent years.