Vermont is
paving its way towards great maturity with its
growing market of + 1 million consumers. Dairy farming is the primary source of agricultural income. Forest products have always been a staple to the economy.
An important
and growing part of Vermont's economy is the manufacture and sale of artisan foods, fancy foods, and novelty items trading in part upon the
Vermont "brand," which the state manages and defends.
As of 2015,
GlobalFoundries was the largest private employer in the
state and provides jobs to 3,000 employees at its plant in the village of Essex
Junction within Chittenden County
Canada was
Vermont's largest foreign trade partner in 2007. The
state's second-largest foreign trade partner was Taiwan. The state had $4
billion worth of commerce with Quebec.
Captive
insurance plays an increasingly large role in Vermont's economy. With this form of alternative insurance, large corporations or industry
associations form standalone insurance companies to insure their own risks,
thereby substantially reducing their insurance premiums and gaining a
significant measure of control over types of risks to be covered.
Tourism is
an important industry to the state. Some of the largest ski
areas in New England are located in Vermont. Skiers and snowboarders visit
Burke Mountain Ski Area, Bolton Valley, Smugglers' Notch, Killington Ski
Resort, Mad River Glen, Stowe Mountain Resort, Sugarbush, Stratton, Jay Peak,
Okemo, Suicide Six, Mount Snow, Bromley, and Magic Mountain Ski Area.
There were
2,682 non-profit organizations in Vermont in 2008, with $2.8 billion in
revenue.
Vermont's
main mode of travel is by automobile. The state
has 2,843 miles (4,575 km) of highways under its control.
The state is
served by Amtrak's Vermonter and Ethan Allen Express, the New England Central Railroad, the Vermont Railway, and the Green
Mountain Railroad.
There is
ferry service to New York State from Burlington, Charlotte,
Grand Isle, and Shoreham. All but the Shoreham ferry are operated by the LCTC
(Lake Champlain Transportation Company).
Vermont is
served by two commercial airports:
Burlington International Airport is the largest in the state, with Rutland
Southern Vermont Regional Airport.
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