Vermont will pay you $10,000 to relocate. Here’s why

04 June, 2018, 05:01 | Author: Barbara Daniel
  • Government officials hope that Vermont’s high quality of life will draw out-of-state workers to relocate to the area

Vermont leaders hope the deal entices internet-based employees to move to the Green Mountain State.

Remote workers: the state of Vermont wants you.

The program will be run by the Agency of Commerce and Community Development.

Joan Goldstein, the state's commissioner of economic development, told CNN Vermont's population is small and aging, and "we recognize the need to recruit people" to live there.

"This could also help to attract workers here, while still maintaining their positions in cities such as Boston and NY, as well as assist transition issues faced by many trailing spouses", said Ashley Romeo-Boles, the government affairs specialist of Vermont Chamber of Commerce Senate Economic Development, Housing and General Affairs Committee. Subsequent calendar years' grants are to not exceed $100,000 annually.

The brand new grant program comes about two months after Vermont introduced one other effort to attract staff to the state, which in 2017 had a inhabitants of round 624,000.

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".

Gov. Phil Scott signed the policy into law this week. (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 will award the grants on a first come, first serve basis and has allocated an amount of $500,000 for the next three years to the same goal, the AP report said. That's why expanding our work force is one of the top priorities of my administration.

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. The initiative, announced in March, aims to convert tourists into full-time residents.

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