Starting in 2019, Vermont is offering $10,000 - payable over two years - to people who will move there and work remotely for an out-of-state employer.
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. "We need more people in the state and people participating in the workforce", said Joan Goldstein, the commissioner of Vermont's Department for Economic Development.
Applicants can start placing requests as early as January 1, though it might take a little longer to "get it up and going", said Mr. Sirotkin, who stressed that legislators were determined to make the application process straightforward. Funds will be distributed on a first come, first served basis, and there are annual limits to the grants.
According to state officials and the official summary of the new legislation, the financial incentive is meant to help cover a worker's moving costs and business expenses related to working remotely, such as for new technology. "If the program is successful, we'd probably ask for more funding".More news: Jason Chaffetz: "I Think the Attorney General Should Step Down"
Vermont's population is flat or slightly shrinking. As The Burlington Free Press notes, the state is aging faster than the rest of the U.S., and has the third highest median age in the country. Last year saw the state's first increase in population in four years, and it was by a mere.05 percent, according to the bureau. In March, Gov. Scott and the Vermont Department of Tourism and Marketing announced the Stay-to-Stay initiative, a program created to help tourists permanently relocate to the state.
Still you're interested to check it out, the state also launched a program called "Stay to Stay Weekends", aimed at getting tourists to relocate. It's been tried several weekends this year so far, but attendance has been sparse.
Several U.S. cities have provided incentives for newcomers to move, including New Haven, Connecticut and Detroit. That should please Scott, who notes the state has "about 16,000 fewer workers than we did in 2009", per CNBC.