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

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

The goal is to draw more people to Vermont whose population is under 625,000 with 15,000 fewer workers than in 2009, according to a website of the state's governor, Phil Scott. 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.

The money can be used on qualified expenses, including costs to relocate, necessary computer equipment and software, internet access and co-working memberships.

People who choose to relocate and take part in the program are required to be full-time employees of companies that are based outside of Vermont. That's why increasing our work power is without doubt one of the prime priorities of my administration.

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

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The grants will be capped at $5,000 per person per year, or $10,000 per person total, though the Agency of Commerce and Community Development will need to formally set the limits when designing the program. In March, Governor Scott and the Vermont Department of Tourism and Marketing announced the so-called Stay-to-Stay initiative, which is meant to help tourists relocate to the state.

To be eligible, you will need to become a full-time Vermont resident on or after January 1, 2019.

Now, it's the state that will pay you up to $10,000 in moving and business expenses to move there. Current residents of the Green Mountain State are not eligible. About 25 remote workers each year will be able to benefit. The state is allocating a maximum of $125,000 for the 2019 fiscal year, and $250,000 a year after. 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.

Interested workers will want to act fast.

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