Shortage of Working-age Vermonters Limits Business Growth
Without enough productive workers, Vermont's business growth will be stymied, Without productive employees and healthy businesses, the economic base and the taxes that are generated will diminish. Without tax revenues government services will be hard to fund.
Vermont state government must rethink its policies, rules and regulations that may be discouraging economic growth, particularly in light of the recent national economic downturn.
Quotes from a recent Time-Argus article:
"Gov. James Douglas says efforts to bolster the workforce, which include
programs aimed at wooing young professionals back to the state, will
play a crucial role in economic development.
Without capable workers, he says, businesses that form the backbone of the state's economy are unable to grow.
"Employers
cite adequacy of the workforce as one major concern for future success
here," Douglas says. "We have employers who have created good jobs and
want to create more, but they need a qualified workforce to take those
jobs."
"The shortage of working-age Vermonters is among the chief economic
hurdles facing the state, according to Kevin Dorn, secretary of the
Agency of Commerce and Community Development. In the last year, he
says, the number of people in Vermont's workforce fell by 2,000."
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