Overall Survey Results:


Davis & Hodgdon Associates Semi-Annual Economic Survey


1Please check the top three issues facing your business in 2018:
 
Answer
0%100%
Number of
Responses
Response
Ratio
Overtime compensation changes
   
1 <1%
Minimum wage changes (for those with minimum wage employees)
   
17 12.5%
Federal Taxes
   
25 18.5%
Vermont Taxes
   
38 28.1%
Health insurance costs
   
77 57.0%
Finding qualified employees
   
80 59.2%
Sources of financing
   
15 11.1%
Property tax (education funding)
   
41 30.3%
Internet security
   
29 21.4%
Succession planning
   
24 17.7%
Housing
   
7 5.1%
Other
   
22 16.2%
 Totals135100%

2How would you describe the current state of Vermont's economy?
 
Answer
0%100%
Number of
Responses
Response
Ratio
Improving
   
35 25.9%
No change
   
49 36.2%
Declining
   
41 30.3%
Unsure/Do not know
   
10 7.4%
No Responses
 
00.0%
 Totals135100%
3How would you describe the current state of the U.S. economy?
 
Answer
0%100%
Number of
Responses
Response
Ratio
Improving
   
88 65.1%
No change
   
26 19.2%
Declining
   
13 9.6%
Unsure/Do not know
   
7 5.1%
No Responses
   
1<1%
 Totals135100%
4What is the one key business economic issue that you would like to see addressed by the state legislature?
 
 Number of
Responses
  111
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%
   
60 44.4%
Increase by 10-30%
   
25 18.5%
Increase by 30+%
   
7 5.1%
Decrease by less than 10%
   
7 5.1%
Decrease by 10-30%
   
6 4.4%
Decrease by 30+%
   
2 1.4%
No change
   
27 20.0%
No Responses
   
1<1%
 Totals135100%
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%
   
33 24.4%
Increase by 10-30%
   
13 9.6%
Increase by 30+%
   
6 4.4%
Decrease by less than 10%
   
14 10.3%
Decrease by 10-30%
   
8 5.9%
Decrease by 30+%
   
3 2.2%
No change
   
56 41.4%
No Responses
   
21.4%
 Totals135100%
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
   
46 34.0%
Increase staffing by 3+ people
   
16 11.8%
Decrease staffing by 1-3 people
   
9 6.6%
Decrease staffing by 3+ people
   
1 <1%
No change
   
63 46.6%
No Responses
 
00.0%
 Totals135100%
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.
   
26 19.2%
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.
   
74 54.8%
I have thought about closing my business or moving it out of state
   
25 18.5%
Other
   
11 8.1%
 Totals135100%

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
   
19 14.0%
Yes, but not serious consideration
   
53 39.2%
No
   
59 43.7%
No Responses
   
42.9%
 Totals135100%

10Please indicate your business industry.
 
Answer
0%100%
Number of
Responses
Response
Ratio
Agriculture
   
6 4.4%
Artisan
 
0 0.0%
Construction
   
9 6.6%
Educational Services
   
1 <1%
Finance & Insurance
   
13 9.6%
Health Care & Social Assistance
   
8 5.9%
Hotel & Restaurant
   
13 9.6%
Information
   
8 5.9%
Manufacturing
   
14 10.3%
Professional, Technical
   
27 20.0%
Retail trade
   
10 7.4%
Transportation & Warehousing
   
1 <1%
Utilities
 
0 0.0%
Wholesale Trade
   
1 <1%
Other
   
24 17.7%
No Responses
 
00.0%
 Totals135100%
11County of Headquarters:
 
Answer
0%100%
Number of
Responses
Response
Ratio
Addison
   
24 17.7%
Bennington
   
7 5.1%
Caledonia
   
1 <1%
Chittenden
   
41 30.3%
Essex
 
0 0.0%
Franklin
   
2 1.4%
Grand Isle
   
1 <1%
Lamoille
   
1 <1%
Orange
   
2 1.4%
Orleans
   
1 <1%
Rutland
   
28 20.7%
Washington
   
3 2.2%
Windham
   
10 7.4%
Windsor
   
14 10.3%
No Responses
 
00.0%
 Totals135100%
12Please indicate the scope of your marketplace.
 
Answer
0%100%
Number of
Responses
Response
Ratio
Exclusive to Vermont
   
44 32.5%
Multi-state
   
48 35.5%
National
   
19 14.0%
International
   
23 17.0%
No Responses
   
1<1%
 Totals135100%
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%
   
43 31.8%
25-50%
   
17 12.5%
50-75%
   
12 8.8%
75+%
   
24 17.7%
No Responses
   
3928.8%
 Totals135100%
14Please identify your total annual revenue in fiscal year 2017.
 
Answer
0%100%
Number of
Responses
Response
Ratio
$0 - $250k
   
25 18.5%
$251k - $1M
   
36 26.6%
$1.1M - $3M
   
34 25.1%
$3M+
   
37 27.4%
No Responses
   
32.2%
 Totals135100%
15Please indicate your business' total number of employees including self.
 
Answer
0%100%
Number of
Responses
Response
Ratio
1 - 10
   
67 49.6%
11 - 25
   
30 22.2%
26 - 50
   
10 7.4%
51 - 75
   
6 4.4%
75+
   
20 14.8%
No Responses
   
21.4%
 Totals135100%
16Please enter the information indicated below if you would like additional information including results. (optional)
 
AnswerNumber of
Responses
First Name 56
Last Name 56
Company Name 55
Email Address 55

   
17Would you be willing to discuss your survey answers?
 
Answer
0%100%
Number of
Responses
Response
Ratio
Yes
   
54 40.0%
No
   
58 42.9%
No Responses
   
2317.0%
 Totals135100%

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