50% of Vermont Firms Raised Prices in 2026

The price of doing business in Vermont has risen this year.

A survey conducted by the Vermont Chamber of Commerce found that half of the state's businesses increased their prices in 2026. The data, collected from 135 companies, shows that more than 40% of respondents rated the current business climate as poor or very poor. This marks a sharp drop in sentiment compared to a year ago. The advocacy group noted the sample size lacks the statistical rigor of a scientific poll, but it offers a clear view of owner priorities.

Healthcare costs have overtaken workforce and housing shortages as the leading complaint. Inflation and taxes completed the top five list of pain points. These pressures are forcing operational changes. One-third of firms delayed hiring or left positions unfilled. Approximately one in four postponed capital investments. Only 10% reported expanding their operations or investing in their Vermont locations.

The hospitality and food service sectors reported the worst conditions. Nearly half of the businesses in that category said their volume declined over the last year. Kevin Chu, executive director of the Chamber's pro-growth Vermont Futures Project, said the concerns mirror those of residents. "There's alignment between the business community and citizens," Chu said.

Trade relations with Canada are also weighing on owners. Fewer than 2% of respondents said federal tariffs and cross-border tension had a positive effect on their bottom line. As cash flow tightens and labor remains scarce, many firms are turning to artificial intelligence for help.

More than 75% of surveyed companies reported using AI, though mostly in limited ways or pilot projects. Only 15% said they have no plans to adopt the technology. Chu described the current approach as early-stage experimentation. "It's that early-stage experimentation to see whether it's the right fit," he said.