Overall Survey Results:


Davis & Hodgdon Associates Semi-Annual Economic Survey


1Please check the top three issues facing your business in 2019:
 
Answer
0%100%
Number of
Responses
Response
Ratio
Overtime compensation changes
   
3 3.0%
Minimum wage changes (for those with minimum wage employees)
   
18 18.0%
Federal Taxes
   
10 10.0%
Vermont Taxes
   
35 35.0%
Health insurance costs
   
66 66.0%
Finding qualified employees
   
69 69.0%
Sources of financing
   
8 8.0%
Property tax (education funding)
   
26 26.0%
Internet security
   
15 15.0%
Succession planning
   
20 20.0%
Housing
   
8 8.0%
Other
   
14 14.0%
 Totals100100%

2How would you describe the current state of Vermont's economy?
 
Answer
0%100%
Number of
Responses
Response
Ratio
Improving
   
19 19.0%
No change
   
43 43.0%
Declining
   
30 30.0%
Unsure/Do not know
   
7 7.0%
No Responses
   
11.0%
 Totals100100%
3How would you describe the current state of the U.S. economy?
 
Answer
0%100%
Number of
Responses
Response
Ratio
Improving
   
32 32.0%
No change
   
33 33.0%
Declining
   
30 30.0%
Unsure/Do not know
   
5 5.0%
No Responses
 
00.0%
 Totals100100%
4What is the one key business economic issue that you would like to see addressed by the state legislature?
 
 Number of
Responses
  74
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%
   
40 40.0%
Increase by 10-30%
   
10 10.0%
Increase by 30+%
   
3 3.0%
Decrease by less than 10%
   
11 11.0%
Decrease by 10-30%
   
8 8.0%
Decrease by 30+%
   
1 1.0%
No change
   
27 27.0%
No Responses
 
00.0%
 Totals100100%
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%
   
25 25.0%
Increase by 10-30%
   
15 15.0%
Increase by 30+%
   
3 3.0%
Decrease by less than 10%
   
11 11.0%
Decrease by 10-30%
   
5 5.0%
Decrease by 30+%
   
1 1.0%
No change
   
40 40.0%
No Responses
 
00.0%
 Totals100100%
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
   
24 24.0%
Increase staffing by 3+ people
   
12 12.0%
Decrease staffing by 1-3 people
   
8 8.0%
Decrease staffing by 3+ people
   
3 3.0%
No change
   
52 52.0%
No Responses
   
11.0%
 Totals100100%
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.
   
12 12.2%
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.
   
55 56.1%
I have thought about closing my business or moving it out of state
   
24 24.4%
Other
   
9 9.1%
 Totals98100%

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 21.0%
Yes, but not serious consideration
   
34 34.0%
No
   
43 43.0%
No Responses
   
22.0%
 Totals100100%

10Please indicate your business industry.
 
Answer
0%100%
Number of
Responses
Response
Ratio
Agriculture
   
2 2.0%
Artisan
 
0 0.0%
Construction
   
10 10.0%
Educational Services
   
2 2.0%
Finance & Insurance
   
5 5.0%
Health Care & Social Assistance
   
8 8.0%
Hotel & Restaurant
   
6 6.0%
Information
   
3 3.0%
Manufacturing
   
13 13.0%
Professional, Technical
   
19 19.0%
Retail trade
   
11 11.0%
Transportation & Warehousing
   
3 3.0%
Utilities
   
1 1.0%
Wholesale Trade
   
5 5.0%
Other
   
11 11.0%
No Responses
   
11.0%
 Totals100100%
11County of Headquarters:
 
Answer
0%100%
Number of
Responses
Response
Ratio
Addison
   
3 3.0%
Bennington
   
2 2.0%
Caledonia
 
0 0.0%
Chittenden
   
33 33.0%
Essex
 
0 0.0%
Franklin
   
2 2.0%
Grand Isle
   
1 1.0%
Lamoille
   
5 5.0%
Orange
   
1 1.0%
Orleans
   
1 1.0%
Rutland
   
31 31.0%
Washington
   
7 7.0%
Windham
   
4 4.0%
Windsor
   
10 10.0%
No Responses
 
00.0%
 Totals100100%
12Please indicate the scope of your marketplace.
 
Answer
0%100%
Number of
Responses
Response
Ratio
Exclusive to Vermont
   
38 38.0%
Multi-state
   
35 35.0%
National
   
12 12.0%
International
   
15 15.0%
No Responses
 
00.0%
 Totals100100%
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%
   
27 27.0%
25-50%
   
11 11.0%
50-75%
   
8 8.0%
75+%
   
18 18.0%
No Responses
   
3636.0%
 Totals100100%
14Please identify your total annual revenue in fiscal year 2017.
 
Answer
0%100%
Number of
Responses
Response
Ratio
$0 - $250k
   
13 13.0%
$251k - $1M
   
23 23.0%
$1.1M - $3M
   
25 25.0%
$3M+
   
37 37.0%
No Responses
   
22.0%
 Totals100100%
15Please indicate your business' total number of employees including self.
 
Answer
0%100%
Number of
Responses
Response
Ratio
1 - 10
   
47 47.0%
11 - 25
   
16 16.0%
26 - 50
   
13 13.0%
51 - 75
   
5 5.0%
75+
   
19 19.0%
No Responses
 
00.0%
 Totals100100%
16Please enter the information indicated below if you would like additional information including results. (optional)
 
AnswerNumber of
Responses
First Name 36
Last Name 36
Company Name 35
Email Address 38

   
17Would you be willing to discuss your survey answers?
 
Answer
0%100%
Number of
Responses
Response
Ratio
Yes
   
35 35.0%
No
   
56 56.0%
No Responses
   
99.0%
 Totals100100%