Vermont is willing to pay new residents who work remotely for an out-of-state employer in hopes of increasing its population and workforce.
The state has budgeted grants for about 100 new remote workers in the first three years of the programme and about 20 additional workers per year for every year thereafter, the Quartz reported. The money can be spent on qualified expenses such as rental and relocation costs, computer equipment and software, internet access, and co-working space memberships. To qualify for the funds, you need to be a full-time employee of an out-of-state business who works from home.
Vermont is introducing a creative way to make its population a little less grey.
"The intent is to spread it to as many people", said Joan Goldstein, commissioner for the Department of Economic Development.
Eligible workers can receive $5,000 per year, not to exceed a total of $10,000 over the life of the program, as part of the remote worker grant program.More news: Officials respond to reported plane crash in waters off Amagansett
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The program is being offered on a first come-first serve basis.
Candidates can begin inserting requests as early as January 1, although it'd take somewhat longer to "get it up and going", stated Mr. Sirotkin, who burdened that legislators have been chose to make the appliance course of easy.
Romeo-Boles said that the flexible remote work arrangement allows businesses to retain their older workers who also want to continue their careers. The initiative, announced in March, aims to convert tourists into full-time residents.
Current residents aren't eligible. Through this program, people who visit Vermont during certain weekends from April to October have the opportunity to network with local employers, entrepreneurs, and realtors.
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.