Vermont to Pay up to $10000 to New Residents Who Work Remotely

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The state will distribute the money on a first-come, first-serve basis, and $125,000 will become 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 United States labor market is making it hard to retain workers, reports CNN.

The first-come, first-served remote worker grants are only available to new residents who relocate on or after January 1, 2019. The money is meant to pay for relocation expenses, housing, computers and other work-related expenses.

"We recognize the need to recruit people to the state, and this is one of those efforts", Goldstein told CNBC. Vermont is aging faster than the rest of the U.S. population, an economic crisis that has prompted some creative solutions from state officials.

The state has a new law that will pay workers to move there and work remotely.

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

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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.

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. Well, thanks to state officials, you've officially got 10,000 more reasons to make the move.

Vermont has a small and rapidly aging population-and with that, a shrinking tax base.

The law defines a qualifying worker as working primarily from a Vermont home office or co-working space and employed full-time by an out-of-state based company. That's why expanding our work force is one of the top priorities of my administration.

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