Vermont paying $10,000 to move there and work from home

Vermont paying $10,000 to move there and work from home

Vermont paying $10,000 to move there and work from home

The state will distribute the money on a first-come, first-serve basis, and $125,000 will become available in 2019.

Work from home and seeking a change in scenery? Gov. Phil Scott signed the bill into law on Wednesday (May 30).

For those who don't have a job they can move to Vermont, the state has another option: a program called "Stay to Stay Weekends".

Starting in 2019, those who move to Vermont and work remotely for an out-of-state employer will be eligible to receive $10,000 over two years from the Vermont government to cover expenses such as relocation fees, a coworking space, a computer, or Internet connectivity.

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

If you're interested in the Vermont deal, act fast.

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By luring out-of-state tech workers, the grant program hopes to revitalize Vermont's aging workforce.

Companies have been getting more generous and creative to compete for talent.

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.

Heck, I'll flatter myself: they're probably also coolwith the idea of some slightly graying GenXers moving to the Green Mountain state, as long as you work for someone else and help prop up its tax infrastructure.

Tourists who plan their trips to the state during one of the designated weekends from April to October have the opportunity to network with employers, entrepreneurs, and realtors.

"You will have to pay income tax in Vermont even if you earn it outside of the state", said Goldstein.

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