Vermont to pay you up to $10K to move there

Vermont to pay you up to $10K to move there

Vermont to pay you up to $10K to move there

Work from home and seeking a change in scenery? The unusual proposal, which comes with a new law signed by Gov. Phil Scott on Wednesday, aims to add to Vermont's small and aging population of 625,000 at a time when a thriving USA labor market is making it hard to retain workers, reports CNN.

To be eligible, a worker must be a full-time employee of a business located outside Vermont, must work primarily from home or a co-working space in Vermont, and must become a full-time resident of the state on or after January 1, 2019. Expenses covered include relocation costs, home internet and co-working membership.

"The intent is to spread it to as many people", said Joan Goldstein, commissioner for the Department of Economic Development.

"We recognize the need to recruit people to the state, and this is one of those efforts, "Goldstein told CNN".

In addition to the grants, Vermont is employing several strategies to entice workers to come to the state. In return, the state is hoping to get a much-needed boost to its economy.

Interested workers better act fast.

According to the state documentation, the state will award no more than $125,000 in 2019, no more than $250,000 in 2020 and no more than $125,000 in 2021.

This initiative is meant to persuade more people to move to Vermont, where the aging population is causing the tax base to shrink rapidly.

Schirling said the incentive may be particularly helpful for couples considering a move to Vermont, when one spouse finds a job in Vermont but the other spouse would need to work remotely.

Aside from this new remote worker initiative, Vermont has also launched a program called "Stay to Stay Weekends" that is aimed at persuading the state's 13 million annual tourists to relocate there permanently.

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