The Moscow Institute of Thermal Technology operates a machine plant in the town, the Votkinsk Plant State Production Association, which produces some of Russia's long-range ballistic missiles. Under the Intermediate-Range Nuclear Forces Treaty (INF) concluded between the United States and the Soviet Union, the missile production facility at Votkinsk was selected for long-term on-site monitoring by U.S. inspectors. The corresponding site for the Soviet Union in the United States was the Hercules missile production facility in Salt Lake City, Utah.
The town gives its name to the nearby Votkinsk Reservoir, filled in the 1960s following the construction of a dam for the Votkinsk Hydroelectric Station
