Vermont will pay people $10000 to move there and work remotely

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)

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)

Schirling said the incentive may be particularly helpful for couples considering a move to Vermont, when one spouse finds a job in Vermont but the other spouse would need to work remotely.

The bill, signed by Vermont governor Phil Scott, has budgeted grants for almost 100 new remote workers in the first three years of the program, and 20 additional workers per year for every year after.

The law defines a qualifying worker as a person who works primarily from a Vermont home office or co-working space and is employed full-time by a company that is based outside the state.

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. "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.

"This looks like an opportunity for us to bring people into the state who might not otherwise be here", Lyons, a Democrat, told the Globe on Friday. Interested workers will want to act fast.

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The grants are available on a first come, first served basis and the number of recipients is capped each year.

Under the terms of the bill, a new remote worker is eligible for this grant if their expenses do not exceed $5,000 per year. In 2021, the available funds will decrease to $125,000, and then to no more than $100,000 in the years that follow.

The US labor market has been thriving recently, making it hard to retain workers. Well, thanks to state officials, you've officially got 10,000 more reasons to make the move. Some have been increasing pay and changing payroll practices, while others are beefing up benefits, like offering help paying down student loan debts and flexible schedules.

Gov. Scott's administration is attempting various strategies for attracting workers to the state to bolster the economy.

Aside from this new remote worker initiative, Vermont has also launched a program called "Stay to Stay Weekends" that is aimed at persuading the state's 13 million annual tourists to relocate there permanently.

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