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Vermont

Economy

Dairy farming has long been dominant in Vermont agriculture, although it has declined somewhat. Apples, cheese, maple syrup, and greenhouse and nursery products are important. The state's most valuable mineral resources are stone, asbestos, sand and gravel, and talc. In the areas around Rutland and Proctor is a noted marble industry, and at Barre the famous Vermont granite is quarried and processed.

The manufacture of nonelectric machinery, machine tools, and precision instruments is important. The textile industry, once dominant in Burlington, has declined, but the manufacture of computer components, food products, pulp and paper, and plastics has helped to compensate for this loss. Cottage industries have long thrived in Vermont, making a variety of products from knitwear to ice cream, while captive insurance companies (insurance companies owned by the companies they insure) are more recent and growing industry. Tourism is also vitally important to the state economy.

The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2012, Columbia University Press. All rights reserved.

More on Vermont Economy from Infoplease:

  • Vermont: Economy - Economy Dairy farming has long been dominant in Vermont agriculture, although it has declined ...
  • Vermont: History - History French Vermont The first European known to have entered the area that is now Vermont was ...

See more Encyclopedia articles on: U.S. Political Geography

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