- In 2019, Vermont will start paying $10,000 to eligible remote workers who move to the state.
- The grant program aims to revitalize Vermont's aging workforce by attracting out-of-state tech workers.
- To apply via the state's Agency of Commerce and Community Development, remote workers will need to become full-time residents of Vermont.
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Vermont will pay some new residents $10,000 if they want to work remotely — here's how to do it
In 2019, Vermont will start paying $10,000 to eligible, remote workers who move to the state. The grant program aims to revitalize Vermont's aging workforce by attracting out-of-state tech workers. Here's how to apply.
Vermont is cutting a sweet deal for remote workers who relocate to the state.
Starting in January 2019, Vermont will pay $10,000 over two years to a small number of remote workers who move there — money that will help cover costs for . Gov. Phil Scott signed the bill into law on Wednesday.
By luring out-of-state tech workers, the grant program hopes to revitalize Vermont's aging workforce. As The Burlington Free Press notes, the state is aging faster than the rest of the US, and has the third highest median age in the country.
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To be eligible, people must become full-time residents of Vermont after January 1, 2019. (Current residents are not able to apply.) The law also defines a qualifying worker as someone who works primarily from a home office or co-working space for a company based outside Vermont.
The program will peak in 2020, when $250,000 will become available. In 2021, the available funds will decrease to $125,000, and then to no more than $100,000 in the years that follow.
In addition to the grants, Vermont is employing several strategies to entice workers to come to the state.
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