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This US state will pay you $10,000 to move there & work from home

By Shubham
|

Even as US President Donald Trump has opted for protectionist policies, the American state of Vermont has decided to pay new residents who work remotely for an out-of-state firm in a quest to improve its residents and working population.

This US state will pay you $10,000 to move there & work from home

The state's governor, Phil Scott, has signed a new bill under which the new residents will be paid up to $10,000 over a period of two years and the authorities hope that it would attract young people to the north-eastern state.

Wendy Knight, Department of Tourism and Marketing Commissioner, said Vermont is not just a place to sky and try craft beers but also for raising family and growing business, Associated Press reported.

The bill comes into law from January 1, 2019. The Remote Worker Grant Program would take care of the relocation and other expenses.

To qualify for this law, one has to work primarily form a Vermont home office or co-working space and employed full time by an out-of-state firm.

The state will award the grants on a first come, first serve basis and has allocated an amount of $500,000 for the next three years to the same purpose, the AP report said.

The state has budgeted grants for about 100 new remote workers in the first three years of the programme and about 20 additional workers per year for every year thereafter, the Quartz reported.

"The intent is to spread it to as many people," AP quoted Joan Goldstein, commissioner for the Department of Economic Development, as saying. He also said that more funds will be sought if the programme proves to be successful.

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