Overall Survey Results:


Davis & Hodgdon Associates Semi-Annual Economic Survey


1Please check the top three issues facing your business in 2017:
 
Answer
0%100%
Number of
Responses
Response
Ratio
Overtime compensation changes
   
8 7.8%
Minimum wage changes (for those with minimum wage employees)
   
7 6.8%
Federal Taxes
   
19 18.6%
Vermont Taxes
   
34 33.3%
Health insurance costs
   
61 59.8%
Finding qualified employees
   
62 60.7%
Sources of financing
   
7 6.8%
Property tax (education funding)
   
34 33.3%
Internet security
   
20 19.6%
Succession planning
   
20 19.6%
Other
   
15 14.7%
 Totals102100%

2How would you describe the current state of Vermont's economy?
 
Answer
0%100%
Number of
Responses
Response
Ratio
Improving
   
19 18.8%
No change
   
50 49.5%
Declining
   
23 22.7%
Unsure/Do not know
   
9 8.9%
No Responses
 
00.0%
 Totals101100%
3How would you describe the current state of the U.S. economy?
 
Answer
0%100%
Number of
Responses
Response
Ratio
Improving
   
50 49.5%
No change
   
31 30.6%
Declining
   
12 11.8%
Unsure/Do not know
   
7 6.9%
No Responses
   
1<1%
 Totals101100%
4What is the one key business economic issue that you would like to see addressed by the state legislature?
 
 Number of
Responses
  87
5How do you expect your company's sales to change in the next six months?
 
Answer
0%100%
Number of
Responses
Response
Ratio
Increase by less than 10%
   
33 32.6%
Increase by 10-30%
   
21 20.7%
Increase by 30+%
   
2 1.9%
Decrease by less than 10%
   
11 10.8%
Decrease by 10-30%
   
5 4.9%
Decrease by 30+%
   
1 <1%
No change
   
27 26.7%
No Responses
   
1<1%
 Totals101100%
6How do you expect your company's capital spending to change in the next six months?
 
Answer
0%100%
Number of
Responses
Response
Ratio
Increase by less than 10%
   
27 26.7%
Increase by 10-30%
   
15 14.8%
Increase by 30+%
   
1 <1%
Decrease by less than 10%
   
5 4.9%
Decrease by 10-30%
   
9 8.9%
Decrease by 30+%
 
0 0.0%
No change
   
43 42.5%
No Responses
   
1<1%
 Totals101100%
7How do you expect your company's employment to change in the next six months?
 
Answer
0%100%
Number of
Responses
Response
Ratio
Increase staffing by 1-3 people
   
26 25.7%
Increase staffing by 3+ people
   
15 14.8%
Decrease staffing by 1-3 people
   
5 4.9%
Decrease staffing by 3+ people
   
6 5.9%
No change
   
47 46.5%
No Responses
   
21.9%
 Totals101100%
8Which statements below reflect your mindset about doing business in Vermont over the last 6 months.
 
Answer
0%100%
Number of
Responses
Response
Ratio
I love doing business in Vermont.
   
15 15.0%
While doing business in Vermont has it's challenges, I'm committed to staying here because my customers/ clients/ products/ supply chain/ environment are here.
   
67 67.0%
I have thought about closing my business or moving it out of state
   
16 16.0%
Other
   
8 8.0%
 Totals100100%

9Has Vermont's overall tax burden caused you to consider relocation of your residence in the last 12 months? 
 
Answer
0%100%
Number of
Responses
Response
Ratio
Yes, plans were put in motion
   
14 13.8%
Yes, but not serious consideration
   
38 37.6%
No
   
47 46.5%
No Responses
   
21.9%
 Totals101100%

10Please indicate your business industry.
 
Answer
0%100%
Number of
Responses
Response
Ratio
Agriculture
   
4 3.9%
Artisan
   
1 <1%
Construction
   
6 5.9%
Educational Services
   
3 2.9%
Finance & Insurance
   
6 5.9%
Health Care & Social Assistance
   
5 4.9%
Hotel & Restaurant
   
3 2.9%
Information
   
4 3.9%
Manufacturing
   
10 9.9%
Professional, Technical
   
24 23.7%
Retail trade
   
9 8.9%
Transportation & Warehousing
   
4 3.9%
Utilities
 
0 0.0%
Wholesale Trade
   
2 1.9%
Other
   
20 19.8%
No Responses
 
00.0%
 Totals101100%
11County of Headquarters:
 
Answer
0%100%
Number of
Responses
Response
Ratio
Addison
   
21 20.7%
Bennington
   
4 3.9%
Caledonia
 
0 0.0%
Chittenden
   
43 42.5%
Essex
 
0 0.0%
Franklin
 
0 0.0%
Lamoille
   
1 <1%
Orange
   
2 1.9%
Orleans
   
2 1.9%
Rutland
   
7 6.9%
Washington
   
4 3.9%
Windham
   
10 9.9%
Windsor
   
5 4.9%
No Responses
   
21.9%
 Totals101100%
12Please indicate the scope of your marketplace.
 
Answer
0%100%
Number of
Responses
Response
Ratio
Exclusive to Vermont
   
28 27.7%
Multi-state
   
44 43.5%
National
   
14 13.8%
International
   
15 14.8%
No Responses
 
00.0%
 Totals101100%
13If the scope of your marketplace is at the multi-state, national, and/or international level, please indicate the percentage of your business done outside of Vermont.
 
Answer
0%100%
Number of
Responses
Response
Ratio
Less than 25%
   
37 36.6%
25-50%
   
13 12.8%
50-75%
   
7 6.9%
75+%
   
16 15.8%
No Responses
   
2827.7%
 Totals101100%
14Please identify your total annual revenue in fiscal year 2016.
 
Answer
0%100%
Number of
Responses
Response
Ratio
$0 - $250k
   
14 13.8%
$251k - $1M
   
25 24.7%
$1.1M - $3M
   
26 25.7%
$3M+
   
32 31.6%
No Responses
   
43.9%
 Totals101100%
15Please indicate your business' total number of employees including self.
 
Answer
0%100%
Number of
Responses
Response
Ratio
1 - 10
   
47 46.5%
11 - 25
   
23 22.7%
26 - 50
   
9 8.9%
51 - 75
   
5 4.9%
75+
   
16 15.8%
No Responses
   
1<1%
 Totals101100%
16Please enter the information indicated below if you would like additional information including results. (optional)
 
AnswerNumber of
Responses
First Name 39
Last Name 38
Company Name 38
Email Address 39

   
17Would you be willing to discuss your survey answers?
 
Answer
0%100%
Number of
Responses
Response
Ratio
Yes
   
41 40.5%
No
   
51 50.4%
No Responses
   
98.9%
 Totals101100%