Vermont Will Pay You $10K To Live There And Work From Home

Vermont Will Pay You $10K To Live There And Work From Home

Vermont Will Pay You $10K To Live There And Work From Home

On Wednesday, Vermont passed a law that will pay people $10,000 to move to Vermont and work remotely for an out-of-state employer.

The money received can be used for qualified expense that include relocating costs, needed computer equipment as well as software, co-working memberships and internet access. (Current residents are not able to apply.) The law also defines a qualifying worker as someone who works primarily from a home office or co-working space for a company based outside Vermont.

The state is working out some details of how the program will run, Goldstein said.

Lyons said that while the new grant program wasn't specifically designed with age in mind, "certainly having a younger population is a good thought".

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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.

Eligible workers can receive $5,000 per year, not to exceed a total of $10,000 over the life of the program, as part of the remote worker grant program. To address worker shortages, small towns in MI and OH are also offering financial incentives to people willing to move. The idea overall is getting more people to live in Vermont because the tax base needs to be broadened. The initiative, announced in March, aims to convert tourists into full-time residents. In 2021, the available funds will decrease to $125,000, and then to no more than $100,000 in the years that follow.

Interested workers better act fast. The state will distribute the money on a first-come, first-serve basis, and $125,000 will become available in 2019.

According to the Stay-to-Stay website, the program is a "lodging and networking package to connect guests to employers, entrepreneurs and potential neighbors in local communities around Vermont".

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