Vermont will pay remote workers $10,000 to move there

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They're available on a first-come-first-served basis.

If you work from home, here's an interesting proposition. 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 United States labor market is making it hard to retain workers, reports CNN. University of Vermont associate professor of economics Art Woolf provided the Burlington Free Press with the current statistics for the median age of the state.

The Remote Worker Grant Program would cover relocation expenses and other costs.


"We recognize the need to recruit people to the state, and this is one of those efforts", Goldstein told CNBC.

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

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.


Lyons said the bill doesn't target specific industries, but those who work in video gaming, travel, or software development could find the new program to be a good opportunity.

For 2019, total grants can not exceed $125,000. Well, thanks to state officials, you've officially got 10,000 more reasons to make the move. Its population overall is flat or slightly shrinking. To address worker shortages, small towns in MI and OH are also offering financial incentives to people willing to move. According to Quartz, the state has only budgeted for a total of 100 people in the first three years of the program, with plans to allocate funding for an additional 20 workers in subsequent years.

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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