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)
   
21 15.0%
Federal Taxes
   
19 13.5%
Vermont Taxes
   
64 45.7%
Health insurance costs
   
79 56.4%
Finding qualified employees
   
83 59.2%
Sources of financing
   
11 7.8%
Property tax (education funding)
   
40 28.5%
Internet security
   
13 9.2%
Succession planning
   
24 17.1%
Housing
   
16 11.4%
Other
   
20 14.2%
 Totals140100%

2How would you describe the current state of Vermont's economy?
 
Answer
0%100%
Number of
Responses
Response
Ratio
Improving
   
43 30.4%
No change
   
59 41.8%
Declining
   
24 17.0%
Unsure/Do not know
   
11 7.8%
No Responses
   
42.8%
 Totals141100%
3How would you describe the current state of the U.S. economy?
 
Answer
0%100%
Number of
Responses
Response
Ratio
Improving
   
71 50.3%
No change
   
33 23.4%
Declining
   
25 17.7%
Unsure/Do not know
   
10 7.0%
No Responses
   
21.4%
 Totals141100%
4What is the one key business economic issue that you would like to see addressed by the state legislature?
 
 Number of
Responses
  121
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%
   
49 34.7%
Increase by 10-30%
   
33 23.4%
Increase by 30+%
   
5 3.5%
Decrease by less than 10%
   
7 4.9%
Decrease by 10-30%
   
8 5.6%
Decrease by 30+%
   
3 2.1%
No change
   
33 23.4%
No Responses
   
32.1%
 Totals141100%
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%
   
35 24.8%
Increase by 10-30%
   
17 12.0%
Increase by 30+%
   
5 3.5%
Decrease by less than 10%
   
12 8.5%
Decrease by 10-30%
   
9 6.3%
Decrease by 30+%
   
7 4.9%
No change
   
52 36.8%
No Responses
   
42.8%
 Totals141100%
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
   
38 26.9%
Increase staffing by 3+ people
   
16 11.3%
Decrease staffing by 1-3 people
   
7 4.9%
Decrease staffing by 3+ people
   
5 3.5%
No change
   
73 51.7%
No Responses
   
21.4%
 Totals141100%
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.
   
19 13.7%
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.
   
94 68.1%
I have thought about closing my business or moving it out of state
   
21 15.2%
Other
   
11 7.9%
 Totals138100%

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
   
21 14.8%
Yes, but not serious consideration
   
62 43.9%
No
   
56 39.7%
No Responses
   
21.4%
 Totals141100%

10Please indicate your business industry.
 
Answer
0%100%
Number of
Responses
Response
Ratio
Agriculture
   
1 <1%
Artisan
 
0 0.0%
Construction
   
16 11.3%
Educational Services
   
4 2.8%
Finance & Insurance
   
9 6.3%
Health Care & Social Assistance
   
7 4.9%
Hotel & Restaurant
   
5 3.5%
Information
   
2 1.4%
Manufacturing
   
24 17.0%
Professional, Technical
   
27 19.1%
Retail trade
   
10 7.0%
Transportation & Warehousing
   
3 2.1%
Utilities
 
0 0.0%
Wholesale Trade
   
3 2.1%
Other
   
29 20.5%
No Responses
   
1<1%
 Totals141100%
11County of Headquarters:
 
Answer
0%100%
Number of
Responses
Response
Ratio
Addison
   
16 11.3%
Bennington
   
3 2.1%
Caledonia
   
14 9.9%
Chittenden
   
33 23.4%
Essex
   
4 2.8%
Franklin
 
0 0.0%
Grand Isle
   
1 <1%
Lamoille
   
21 14.8%
Orange
   
1 <1%
Orleans
   
4 2.8%
Rutland
   
31 21.9%
Washington
   
4 2.8%
Windham
   
4 2.8%
Windsor
   
3 2.1%
No Responses
   
21.4%
 Totals141100%
12Please indicate the scope of your marketplace.
 
Answer
0%100%
Number of
Responses
Response
Ratio
Exclusive to Vermont
   
53 37.5%
Multi-state
   
45 31.9%
National
   
16 11.3%
International
   
26 18.4%
No Responses
   
1<1%
 Totals141100%
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%
   
42 29.7%
25-50%
   
17 12.0%
50-75%
   
14 9.9%
75+%
   
22 15.6%
No Responses
   
4632.6%
 Totals141100%
14Please identify your total annual revenue in fiscal year 2017.
 
Answer
0%100%
Number of
Responses
Response
Ratio
$0 - $250k
   
28 19.8%
$251k - $1M
   
35 24.8%
$1.1M - $3M
   
26 18.4%
$3M+
   
48 34.0%
No Responses
   
42.8%
 Totals141100%
15Please indicate your business' total number of employees including self.
 
Answer
0%100%
Number of
Responses
Response
Ratio
1 - 10
   
72 51.0%
11 - 25
   
23 16.3%
26 - 50
   
15 10.6%
51 - 75
   
5 3.5%
75+
   
23 16.3%
No Responses
   
32.1%
 Totals141100%
16Please enter the information indicated below if you would like additional information including results. (optional)
 
AnswerNumber of
Responses
First Name 56
Last Name 55
Company Name 54
Email Address 56

   
17Would you be willing to discuss your survey answers?
 
Answer
0%100%
Number of
Responses
Response
Ratio
Yes
   
54 38.2%
No
   
67 47.5%
No Responses
   
2014.1%
 Totals141100%

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