Vermont’s New Economy

report cover with image of people enjoying an outdoor marketVermont’s New Economy: A look at the New Economy by the numbers was originally published October 2013 in conjunction with Vermont’s New Economy Week October 10-20, 2013.

Download a PDF copy of Vermont’s New Economy 

For more information about the print version, visit the publication page.

 

Sources

  1. Vermont Land Trust. “Conserving Vermont’s Farmland: How Much Farmland Is Conserved?” Online at: http://www.vlt.org/land-weve-conserved/farmland

  2. Robin Kemkes, “Policy Tool Choice for Ecosystem Service Provision: Payments and Public Information,” M.S., Community Development and Applied Economics, UVM, Oct. 2008.

  3. United States Department of Agriculture, Economic Research Service. “State Fact Sheet: Vermont.” Online at: http://www.ers.usda.gov/data-products/state-fact-sheets/state-data.aspx?StateFIPS=06&StateName=California#.UhzKSGSDSUY.

  4. This percentage refers to agricultural and forest land under the Current Use Appraisal Program (Current Use). The 37% figure is based on the annual report of Vermont’s Department of Taxes (2,327,122 acres including enrolled homestead acres out of Vermont’s land area of 6,158,720 acres). The data sheet is available at http://www.state.vt.us/tax/pvrannualreports.shtml

  5. Vermont Working Landscape Partnership. “Vermont’s Working Landscape: Investing in our Farm and Forest Future,” page 7. September 2011. Online at: http://vtworkinglands.org/sites/default/files/library/files/working%20landscape/WLActionPlan-final-sm.pdf.

  6. University of Wisconsin-Madison Center for Cooperatives. “Research on the Economic Impact of Cooperatives: Vermont.” 2009. Online at: http://www.uwcc.wisc.edu/StateStatSummaries/VT.pdf.Vermont Employee Ownership Center. “Vermont Employee-Owned Companies.” Online at: http://www.veoc.org/vermont_companies.

  7. University of Wisconsin-Madison Center for Cooperatives. “Research on the Economic Impact of Cooperatives: Vermont.” 2009. Online at: http://www.uwcc.wisc.edu/StateStatSummaries/VT.pdf

  8. U.S. Department of Labor, Bureau of Labor Statistics. “Employment in Green Goods and Services—2011.” Table 4. Online at: http://www.bls.gov/news.release/pdf/ggqcew.pdf.

  9. TimeBanks. “Directory of TimeBanks.” Online at: http://community.timebanks.org/.

  10. Total debt service is the amount appropriated to pay principal and interest on the state’s bonds. It was $69.099 million in 2013. The Office of State Treasurer estimates that debt service will be $74.819 million in fiscal year 2014. Based on projected debt figures of $79.950 million each year from 2014 through 2023, the annual debt service is expected to rise to $103.815 million in fiscal year 2023 (http://www.vermonttreasurer.gov/debt-management/debt-authorization). Our figure of $80 million is a rough estimate of projected debt service over the next few years. For up to date figures on the state’s debt service refer to the Joint Fiscal Office http://www.leg.state.vt.us/jfo/fiscal_facts.aspx

  11. Onion River Exchange personnel. March 2013.

  12. Vermont Governor’s Dashboard. “Agriculture: Direct Sales.” Online at: http://governor.vermont.gov/govdash/agriculturepage.

  13. In 2010, over $600 million were spent in Vermont to import and use fossil-based heating fuels. Most of this money left the Vermont economy.Thermal Efficiency Task Force Report. Vermont Public Service Department. January 2010. Online at: http://publicservice.vermont.gov/sites/psd/files/Topics/Energy_Efficiency/TETF/TETF%20Report%20to%20the%20Legislature_FINAL_1_15_13_2.pdf

  14. An economic impact analysis done for The Farm to Plate Strategic Plan and using the economic forecasting software REMI, showed that “increasing instate production by 5% (over an assumed 5% baseline) over 10 years would result in the creation of about 1,700 new private-sector jobs in the food system, along with an additional US$213 million in economic output annually”. Conner, D., Becot, F., Hoffer, D., Kahler, E., Sawyer, S., & Berlin, L. (2013). Measuring current consumption of locally grown foods in Vermont: Methods for baselines and targets. Journal of Agriculture, Food Systems, and Community Development, 3(3), 83–94. Online at: http://dx.doi.org/10.5304/jafscd.2013.033.004

  15. No Kid Hungry. “Hunger Facts: Food Insecurity.” Online at: http://www.nokidhungry.org/problem/hunger-facts.

  16. Erickson, Jon D. et al. “Vermont Genuine Progress Indicator 1960-2011: Findings and Recommendations,” p. 9. July 2013.

  17. Various sources listed in the Vermont Genuine Progress Indicator database, including the Historical Income Tables, Census Bureau at http://www.census.gov/hhes/www/income/data/historical/state/state4.html) and American Community Survey at http://www.census.gov/acs/

  18. Erickson, Jon D. et al. “Vermont Genuine Progress Indicator 1960-2011: Findings and Recommendations,” p. 8. July 2013.

  19. Erickson, Jon D. et al. “Vermont Genuine Progress Indicator 1960-2011: Findings and Recommendations,” p. 9. July 2013.

 

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