Vermont Will Pay People $10,000 To Move There And Work Remotely

Devin Lawrence
June 3, 2018

But there are several catches - you must work remotely, and the money can only be used on certain expenses, including relocation costs, computer equipment and software, internet access and co-working memberships, reports CNN Money.

The grant program is created to shore up the state's small and aging working population, according to Joan Goldstein, commissioner of economic development for Vermont.

The new grant program comes about two months after Vermont announced another effort to draw workers to the state, which in 2017 had a population of around 624,000.

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"Vermont isn't just a place to ski and try craft beers, it's an ideal state for raising a family and growing a business", Department of Tourism and Marketing commissioner Wendy Knight said Friday. To be eligible, you not only have to become a full-time resident only after the start date, but also must be employed full-time by an out-of-state employer. Interested workers will want to act fast. Funds will be distributed on a first come, first served basis, and there are annual limits to the grants.

Companies have been getting more generous and creative to compete for talent. To address worker shortages, small towns in MI and OH are also offering financial incentives to people willing to move. Some have been increasing pay and changing payroll practices, while others are beefing up benefits, like offering help paying down student loan debts and flexible schedules. According to Quartz, the state has only budgeted for a total of 100 people in the first three years of the program, with plans to allocate funding for an additional 20 workers in subsequent years. State officials hope Vermont's high quality of life will entice out-of-state workers to swap their office for a Vermont co-working space or home office.

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