Tuesday, May 21, 2024 | Last Update : 05:51 AM IST

  Life   More Features  02 Jun 2018  Vermont to pay up to $10K to new residents who work remotely

Vermont to pay up to $10K to new residents who work remotely

AP
Published : Jun 2, 2018, 3:01 pm IST
Updated : Jun 2, 2018, 3:01 pm IST

The state would award grants on first-come, first-served basis.

Vermont Gov. Phil Scott has signed a bill that will pay those new residents up to $10k in an effort to attract younger people to the state. (Photo: Pixabay)
 Vermont Gov. Phil Scott has signed a bill that will pay those new residents up to $10k in an effort to attract younger people to the state. (Photo: Pixabay)

Vermont is willing to pay new residents who work remotely for an out-of-state employer — all in an effort to increase its population.

Vermont Gov. Phil Scott has signed into law a bill that will pay those new residents up to $10,000, in an effort to attract younger people to the state.

The Remote Worker Grant Program would cover moving expenses and other costs. It takes effect as of Jan. 1, 2019. Scott signed the bill Wednesday.

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.

The state would award grants on first-come, first-served basis.

Vermont's population is flat or slightly shrinking. Scott's called for measures he feels will make Vermont more economically attractive so young people will stay and others might move here, such as more housing and tuition-free college for National Guard members.

Tags: vermont, young, remote worker grant program, national guard, housing, tuition-free college, economical, vermont gov. phil scott