MANUFACTURING MONTH: OCTOBER 2023

This page contains resources from the Vermont Chamber of Commerce which may be used for editorial and publishing purposes.

PRESS CONTACT

If you’re unable to find what you’re looking for or would like to discuss press coverage ideas, please don’t hesitate to reach out.

Hazel Brewster
Public Relations Director

About the Vermont Chamber

Tagline: Advancing the Vermont Economy

Mission: Trusted by the businesses that make living, working, and thriving in Vermont possible, we prioritize collaboration and uphold the core values that define our state. As the preeminent not-for-profit business organization, we advocate, build community, and provide resources for businesses statewide.

Staff Lead on Manufacturing

Chris Carrigan, VP of Business Development, has over 15 years of experience working with the manufacturing industry in Vermont. He has a strong expertise in understanding technologies, creating innovative products and services, and delivering compelling value propositions to stakeholders.

Chris lobbies on manufacturing, transportation, and international issues, and has secured several legislative wins and grants that benefit Vermont businesses and communities. His most recent achievements include the expansion of the manufacturing tax exemption, a military retiree pension tax exemption, the repeal of the U.S. tariff on Canadian aluminum, and obtaining a $10 million earmark for a new aviation technical training center, and expanding the Vermont – Québec Aerospace Trade Corridor to Connecticut and Ontario.

Vermont’s Manufacturing Industry

    • 10% of Vermont's workers (28,670) are employed by manufacturers.
      • 283,562 Vermont total workforce population
      • 643,077 Vermont total population
    • Vermont manufacturing paid employees an average annual wage of $64,000.
    • 9% of Vermont's Gross Domestic Product was provided by manufacturing.
      • In 2017, manufacturing accounted for about $2.81 billion.
    • Every $1 in manufactured goods generates an estimated $2.68 worth of additional economic activity, the third highest of any other economic sector. If the entire manufacturing supply chain is included, every $1 spent in manufacturing adds another $4.00 in economic activity.
    • Each manufacturing job supports an additional 5.0 jobs elsewhere.

[National Association of Manufacturers (NAM), U.S. Bureau of Labor Statistics, Manufacturers Alliance for Productivity & Innovation and NAM calculations using IMPLAN, U.S. Census Bureau County Business Patterns.]

Vermont's $2 billion aerospace manufacturing and civil aviation industry is home to industry leaders, such as Beta Technologies, Collins Aerospace, A Raytheon Technologies Company, GE Aerospace, G.S. Precision. Additionally, the Boeing Company has a defined supply chain in Vermont with 23 suppliers and vendors representing an $88.1 million spend and supporting an estimated 2,800 jobs.

The Vermont Chamber's advocacy helped secure a 6% aviation sales tax exemption for the maintenance of parts, equipment, and machinery of both commercial and private aircraft in Vermont. This economic development tool attracts large national and international aerospace OEMs and Primes seeking to lower their costs and gain a competitive advantage.

For a decade, the Manufacturing Summit has brought together industry peers to facilitate sourcing and procurement opportunities. The Vermont Chamber hosts OEM buyers, suppliers, and partners from across the United States and Canada to strengthen supply chains and advance the Vermont economy. The 2023 event features a two-day virtual matchmaking agenda and an in-person networking reception from October 25-26.

In 2023 the Vermont Chamber is celebrating the 10-year anniversary of a collaboration agreement between Aéro Montréal and the Vermont Aerospace & Aviation Association, a division of the Vermont Chamber. The Vermont – Québec Aerospace Trade Corridor links Vermont’s $2 billion aerospace manufacturing and civil aviation industry with the $17.8 billion Québec aerospace cluster. Recently, the Corridor was extended to include Connecticut and expanded to Ontario.

The Vermont Chamber's advocacy helped secure $300,000 of funding for a Montreal Office for Vermont to recruit foreign direct investments. The 10% U.S. tariff on Canadian aluminum was also repealed in partnership with Canadian and Connecticut partners and the governors of  Vermont, New Hampshire, and Maine.

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