Move to Vermont, Work Remotely, Get Paid $10K Under New Bill

Want to Work From Home? This U.S. State Is Paying People $10,000 to Move There and Do It (You Have 7 Months to Get Ready)

One State Will Pay You $10,000 to Move There and Work From Home

The unusual proposal, which comes with a new law signed by Gov. Phil Scott on Wednesday, aims to add to Vermont's small and aging population of 625,000 at a time when a thriving U.S. labor market is making it hard to retain workers, reports CNN. You will also need to prove you are a full-time remote worker for a company outside of the state. At that point, the worker is eligible for a grant of up to $5,000 to help cover relocation costs and other qualified expenses, such as broadband access and computer hardware. That's why expanding our work force is one of the top priorities of my administration.

Legislators introduced the program seeking to shift the population's demographics.

The Green Mountain State has a small and rapidly aging population.

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The state's tax base is also shrinking. If you keep your job, you could pocket an extra $10,000 by moving to Vermont.

Republican Phil Scott called on lawmakers to look for ways to attract and retain more young people. To be eligible, a person must move to Vermont after January 1, 2019, be a full-time employee for an out-of-state business, and work primarily from home or a co-working space.

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 objective, the AP report said. Current residents aren't eligible, according to the Burlington Free Press.

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The law Scott signed this week also includes a program created to convert some of the state's 13 million annual tourists into permanent residents.

Vermont is cutting a sweet deal for remote workers who relocate to the state. Visitors who plan their trips during one of the four designated weekends from April to October can network with employers, entrepreneurs, and realtors.

The cap rises to $250,000 in 2020 and then drops back down to $125,000 in 2021.

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