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High Taxes Deter Weidmann Plant Expansion In Vermont

Filed under: Gossip around the woodstove, News — info at 7:09 am on Saturday, April 14, 2007

From the Caledonian Record:

BY JEANNE MILES, Staff Writer
Saturday April 14, 2007

ST. JOHNSBURY — Business at Weidmann Electrical Technology in St. Johnsbury is booming. So much, the company is looking to expand its operations.

But that expansion will not take place in Vermont due to high taxes and a strong impression by investors that Vermont is unfriendly to business, according to a letter sent April 2 by John Goodrich, vice president and general manager of Weidmann Technology.

“The paradox of the situation is this: we are extremely busy but are unable to expand in Vermont,” Goodrich wrote.

Read the full article here

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