Vermont will pay you $10,000 to relocate. Here’s why

Muriel Colon
June 3, 2018

Vermont State Senator Michael Sirotkin said the program would work well for employees "wanting to get out of an urban environment into a more rural environment, those who are maybe paid well and don't want to leave their job". The Stay to Stay Weekends program aims to convince Vermont's 13 million annual tourists to settle in Vermont for good by offering networking events with employers, entrepreneurs, and realtors, across four weekends this year, reports Quartz.

Applicants can start placing requests as early as January 1, though it might take a little longer to "get it up and going", said Mr. Sirotkin, who stressed that legislators were determined to make the application process straightforward.

"It's just for pulling people in", Lyons said.

The Agency of Commerce and Community Development may further clarify the eligibility for the program in the coming months.

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.

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.

How much is Vermont going to spend on this?

Vermont is cutting a sweet deal for remote workers who relocate to the state.

Republican Gov. Phil Scott on Wednesday signed into law a bill that will grant a number of newcomers a $10,000 stipend to help with the moving fees.

Spending may be limited by available funding. That should please Scott, who notes the state has "about 16,000 fewer workers than we did in 2009", per CNBC.

Legislators introduced the program seeking to shift the population's demographics.

Other reports by

Discuss This Article