Page 121

twenty-first century, job growth increased in every sector except manufacturing, which saw a decline. The trade, transportation, utility, and the education/health sectors nearly doubled between 1990 and 2006. The local economy during this time reflected regional and national trends toward decreases in manufacturing and increases in service sector jobs. In 2005 the Town participated in the Chittenden County Comprehensive Economic Development Strategy (CEDS) planning process, which identified county-wide opportunities and challenges for economic development. The Town should continue to participate in such regional and state-wide conversations about economic development as it exists within these larger markets. The Town’s economic development will be dependent upon the trends and health of these larger markets.

PRESENT Recently, local job growth has stabilized, with continuing trends toward increases in services and decreases in manufacturing. It should be noted that the service sector includes medical services, such as those provided by the UVM Health Network, as well as retail and personal service jobs. The Town currently has 9,999 jobs or 9.7% of the County’s total employment. Employment growth has outpaced population growth for the past decade, with current projections indicating this trend will continue. Historically, jobs within Colchester paid less than average for Chittenden County, with the 1978 wage 84.7% of the County’s average. As of 2017, the average wage in Colchester was $51,522 or 98% of the County’s average wage. As the Town continues to grow, the quantity and quality of jobs should be enhanced. The development of well-paying, livable

Average Wage By Sector $0

Natural Resources/Mining

$56,885

Construction

$68,843

Manufacturing $50,067

Trade/Transportation/Utilities

$66,752

Information

$59,331

Financial

$62,410

Professional/Business $46,254

Education/Health $21,651

Leisure/Hospitality

$50,703

Other Service

$68,753

Federal Government

$57,375

State Government

$48,138

Local Government Colchester Chittenden County

Source: Vermont Department of Labor and Industry

wage jobs should be encouraged.

the community should continue to be supportive of small business development and foster the growth of emerging technologies.

The Town of Colchester encourages sustainable and diverse economic growth that creates well-paying, livable wage jobs. The community’s attributes should be utilized to foster economic development through the use of such tools as tourism and recreation. Colchester’s land use planning should shape appropriate areas for economic development, with diverse opportunities including agri-tourism in rural areas and opportunities for high-tech industry in appropriately infrastructured areas such as Exit 16. To this end,

With the majority of Colchester’s businessed located between the Winooski border, Exit 16 and Severance Corners, this planned growth has become essential to Colchester’s sustainable growth. Medical, manufacturing and education continue to be the top industries in Colchester, with service industries well represented in our largest employers. Colchester’s largest employers currently are: Green

Colchester Employment Trends Natural Resources / Mining

0

Construction

716

Manufacturing

592

Trade/Transportation/Utilities

1891

Information

743

Financial

1990

390

Professional/Business

2006

1056

Education/Health Leisure/Hospitality

2399

901

Other Service

2018

223

Federal Government

262

State Government

151

Local Government

651

0

500

1000

1500

2000

2500

Source: Vermont Department of Labor and Industry and includes part-time, temporary, seasonal, and full-time positions.

115

Profile for colchestervt

Town of Colchester's 2019 Town Plan  

The Town of Colchester's 2019 Town Plan is the long-term (20+ year) plan for the community that, while primarily focusing on land use, provi...

Town of Colchester's 2019 Town Plan  

The Town of Colchester's 2019 Town Plan is the long-term (20+ year) plan for the community that, while primarily focusing on land use, provi...