The grants will be distributed on a first-come, first-served basis next year, and there's only $125,000 in grant money available in 2019. 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 USA labor market is making it hard to retain workers, reports CNN.
Eligible workers can get up to $5,000 a year, not to exceed $10,000 over two years, through the state's new remote worker grant program. The $10,000 is created to go toward moving costs and other expenses needed to set-up a remote-working location, including computer equipment, but will be paid in two installments of $5,000 annually for two years.
"This looks like an opportunity for us to bring people into the state who might not otherwise be here", Lyons, a Democrat, told the Globe on Friday.
To be eligible, people must become full-time residents of Vermont after January 1, 2019.
Interested workers better act fast.
In 2020, the program is expected to receive up to $250,000, then $125,000 in 2021.
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If you can work from anywhere, why not the Green Mountain State?
Lyons said that while the new grant program wasn't specifically designed with age in mind, "certainly having a younger population is a good thought".
Companies have been getting more generous and creative to compete for talent.
The bill's backers say it's an effort to address a challenge with the state's small, aging population-a 2017 census estimate placed it at just under 630,000, making Vermont less populous than Columbus, Ohio.
Schirling said the incentive may be particularly helpful for couples considering a move to Vermont, when one spouse finds a job in Vermont but the other spouse would need to work remotely. State officials hope Vermont's high quality of life will entice out-of-state workers to swap their office for a Vermont co-working space or home office.