Jobs & Economy in Springfield

Springfield's economy runs on a real, honest dual story: a historically significant, now-largely-declined manufacturing identity, alongside an active, current remote-work and technology pivot.

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A real, historic manufacturing legacy, honestly declined

Springfield's 'Precision Valley' machine-tool industry once employed approximately 3,000 people (1980) and was so strategically vital that the U.S. government ranked the town the seventh most important WWII bombing target -- that industry has since substantially declined, and the original Jones & Lamson factory has been demolished.

A real, current tech-economy pivot

The Black River Innovation Campus (BRIC), partnering with the Green Mountain Economic Development Corporation, anchors Springfield's current technology, coworking, and workforce-development efforts -- PC Mag ranked Springfield #8 nationally for Best Work-From-Home Cities.

A genuinely more modest income profile

Springfield's real, current median household income (~$66,571) and 14.8% poverty rate run genuinely more modest than this project's more affluent Vermont Tier A markets.

Key takeaways

Springfield's real, historic "Precision Valley" manufacturing legacy has substantially declined, honestly disclosed.
The Black River Innovation Campus anchors a real, current remote-work/tech-economy pivot.
Springfield's median household income runs genuinely more modest than other Vermont Tier A markets.

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Last reviewed: 2026-08-28. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.