Vermont will pay remote workers $10,000 to move there

Government officials hope that Vermont’s high quality of life will draw out-of-state workers to relocate to the area

Government officials hope that Vermont’s high quality of life will draw out-of-state workers to relocate to the area

On Wednesday, Vermont passed a law that will pay people $10,000 to move to Vermont and work remotely for an out-of-state employer. Taxes. Remote workers will have to pay income taxes in Vermont, even on money earned outside the state. At that point, the worker is eligible for a grant of up to $5,000 to help cover relocation costs and other qualified expenses, such as broadband access and computer hardware.

Those who relocate and take part in the program need to be full-time employees of a business based outside of Vermont and need to be able to work remotely.

Alison Lesure of Hinesburg, a controller for NEPCon, a nonprofit that works for sustainable land use, uses a one-day co-working space at the Hinesburg United Church on Tuesday, July 25, 2017.

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".

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

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Meantime, you get up to $10,000-spread over your first two years-and you live in a truly lovely state.

It's been proven time and again: People who work from home report higher satisfaction, better health, and they also do their jobs more efficiently. Taxes are also less in Vermont than in some other states such as NY. Current residents of the Green Mountain State are not eligible.

The program will begin on January 1, 2019 and is available to people out of state who are employed full-time with a company based outside of Vermont but work at home or a co-working space.

In 2019, the total amount of grants can not surpass $125,000. "We need more people". In March, Gov. Scott and the Vermont Department of Tourism and Marketing announced the Stay-to-Stay initiative, a program created to help tourists permanently relocate to the state.

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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