Vermont offers to pay remote workers $10,000 to move to state

Vermont offers to pay remote workers $10,000 to move to state

Vermont offers to pay remote workers $10,000 to move to state

The state would award grants on a first-come, first-served basis and has allocated $500,000 for the next three years to the program.

To qualify for the funds, you need to be a full-time employee of an out-of-state business who works from home. Scott signed the bill Wednesday.

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.

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".

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. Maple syrup and mountains are calling for you. 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.

If you're interested in the Vermont deal, act fast.

The new program comes as Vermont, like other rural states, faces an economy where high-paying jobs are increasingly found in expensive cities. In 2019, grants will not exceed $125,000; that increases to $250,000 in 2020, then drops to $125,000 in 2021 and will not be more than $100,000 every year after that. Workers will receive $5,000 per year after submitting reimbursement forms that prove they used the money for moving costs.

The legislation is just one of the northeastern state's latest efforts to counter its aging population.

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

Related news

[an error occurred while processing the directive]