Vermont will pay you $10K to move there - but there’s a catch

Vermont will pay you $10K to move there - but there’s a catch

Vermont will pay you $10K to move there - but there’s a catch

The state has only budgeted for 100 grants to be given out over the next three years, on a first-come, first-serve basis beginning on January 1, 2019, and Goldstein says her office is already receiving inquiries.

Vermont is cutting a sweet deal for remote workers who relocate to the state. Hence this new program, the New Remote Worker Grant Program, created to recruit young Millennial workers to Vermont.

Starting in 2019, Vermont is offering $10,000 - payable over two years - to people who will move there and work remotely for an out-of-state employer. Vermont is aging faster than the rest of the USA population, an economic crisis that has prompted some creative solutions from state officials.

The money can be used on qualified expenses, including costs to relocate, necessary computer equipment and software, internet access and co-working memberships. University of Vermont associate professor of economics Art Woolf provided the Burlington Free Press with the current statistics for the median age of the state.

In 2020, the program is expected to receive up to $250,000, then $125,000 in 2021. Well, thanks to state officials, you've officially got 10,000 more reasons to make the move.

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.

The legislation is just one of the northeastern state's latest efforts to counter its aging population.

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

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.

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