Vermont Businesses Become More Optimistic

Davis & Hodgdon Associates CPAs located in Williston, Vermont, conducted its semi-annual economic survey in July regarding the outlook of Vermont-based businesses. The survey, customized by the Firm to evaluate small- to medium-sized business, was completed by nearly 100 businesses located throughout the state, primarily in Chittenden (52%) and Washington (11%) counties, but also in Addison (7%) and Lamoille (6%), among other counties.

Respondents were once again asked to forecast their company sales, capital spending and hiring intentions for the next six months. They were also surveyed to describe the current state of the economy, identify key issues impacting their business, as well as list issues that they would like to see addressed by the Vermont legislature by the end of 2014.

Vermont industries surveyed included professional and technical, manufacturing, retail, finance and insurance, health care and social assistance, construction, hotel and restaurant, transportation and warehousing, educational services, agriculture, information, utilities, and wholesale trade.

When asked to compare the results of the three surveys conducted every six months over the past year, Davis & Hodgdon’s managing partner, John Davis explained, “The tone of comments made by Vermont businesses today is very similar to that of one year ago today.  Businesses are feeling burdened and want to see changes in Vermont’s tax and healthcare laws first and foremost.  Most continue to feel that Vermont legislators are not doing enough to transform the state into a business-friendly environment.”

To view the press release including results please visit:

Davis & Hodgdon Associates CPAs has been assisting nonprofits, individuals and businesses with tax and accounting services in the Burlington Vermont Metro area for more than 20 years. If you have any questions or concerns please feel free to call 802.878.1963 or email [email protected].

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