I was thinking of bringing that up yesterday Jon...
And then the state came out and said the rate is now down further to 3.7%.
Vermont is a place where folks go if they care about their quality of life and put that a bit above short term exploiting of resources, human or otherwise. It's that simple.
That, and as a result of generations of like minded folks doing this, the state is also one of the highest educated.
In the end, thats Vermonts only trump card....let the rest of the US become more and of a pain in the ass and "Come visit the Green Mountains and relax...or ski, or drink and eat good local shit, boat, hike the LT,etc.
Vermont has no shipping ports, no energy under the ground, so big corps aren't real interested. We have decent trade with Canukistan as its on the border. Interestingly, there has been a fair bit of investment by some of those Canadians into Vermont, and they like it there. Otherwise, you pay a good wage to a generally educated sort, make an premium high end product or service, market wisely (see Ben and Jerry), and voila....another award winning micro-brew is born and the folks from Boston and NYC are sucking this shit down on the weekends. To a degree, Maine and NH work the same angle, but their economies are different in that they have the coast and its associated bidnesses like boat yards, commercial fishing,etc. Vermont doesn't even have that. Oh yea...VT has lots of colleges which employ folks.
Speaking of Boston and NYC, at 3-3.5 hrs and 5-6 hrs away respectively, we also can't compete too well in other urban sectors of the economy, like say, putting a bank headquarters there. No pro sports teams,etc. But they're close enough to be a great tourist base, and they buy lots of 2nd homes, cuz when you create a place where folks enjoy life, you invest there...as a result, VT had the lowest foreclosure rate in the US during the recession. One county in southern VT has more non-residents on the property tax roles than residents.
Not a state to get rich quick though, the same UVM grad will start out at one job in Burlington at 55k; the same job in Boston will pay 75k, and the same one in NYC will get them 90k; but you're living in pricy, pain in the ass giant cities. But if you're creative, care about quality, and have the nads to go for it, folks will buy premium goods/services that cost more if they feel good about the company,etc. Proof? Look upstairs at PA's experiance with Orvis in handling the photo theft shit. Orvis fronted, and clearly PA is a happy man.
Now if the snow runs out and it's too warm to make snow in the winter...then we'd be shitting bricks. 20+ ski areas...
People are assholes because half the people around are of below average intelligence - Shunned
I hope I didn't infer that I was antifingerbanging. Its an art I hold dear. - RT