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Italy & New England
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New England States
VermontThe population of Vermont is estimated to be 623,050 (in the year 2005) with 342,007 estimated to be a part of the labor force. The median household income is $46,543 with a per capita income of $24,697. As the only New England state with no coastline along the Atlantic Ocean, Vermont is noted mainly for the Green Mountains in the west and Lake Champlain in the northwest. It borders Massachusetts to the south, New Hampshire to the east, New York to the west, and the Canadian province of Quebec to the north. Famous for its scenery, dairy products and maple syrup, Vermont has long been known for its liberal politics and staunchly independent political thinking. Dairy farming is the primary source of agricultural income. A unique part of Vermont's economy is the manufacture and sale of novelty goods and foods for cottage industries and niche markets. Captive insurance plays an increasingly large role in Vermont's economy. With this form of alternative insurance, large corporations or industry associations form standalone insurance companies to insure their own risks, thereby substantially reducing their insurance premiums and gaining a significant measure of control over types of risks to be covered. There are also significant tax advantages to be gained from the formation and operation of captive insurance companies. According to the Insurance Information Institute, Vermont in 2004 was the world's third-largest domicile for captive insurance companies, following Bermuda and the Cayman Islands. Tourism is the state's largest industry. In the winter world famous ski resorts like Stowe, Killington, Stratton Jay and Okemo draw skiers from around the globe, although their largest markets are Boston, Montreal and the New York metropolitan area. In the summer resort towns like Stowe, Manchester and Woodstock draw visitors looking for a mountain vacation. Resorts, hotels, restaurants, shops and attractions employ many people year-round. Numerous summer camps and furniture- make up a component of Vermont's income. The towns of Rutland and Barre are the traditional centers of marble quarrying and marble shaping in the USA. For many years Vermont was also the headquarters of the smallest union in the USA, the Stonecutters Association, of about 500 members. In 2001, Vermont produced 1,040,000 liters of maple syrup, about a quarter of the U.S. production (http://en.wikipedia.org/wiki/Vermont). For more information on Vermont, please see the following links: |
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