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.
If you already work from home and need a change of scenery, Vermont might be the place for you.
The program, set to start in 2019, will cover relocation, computer, Internet and any other work-related expenses that the new resident might incur in order to work remotely in the state. To qualify for the funds, you need to be a full-time employee of an out-of-state business who works from home. The grant is part of the state's efforts to encourage migration and retention of older workers.
The grant program aims to revitalize Vermont's aging workforce by attracting out-of-state tech workers. In return, the state is hoping to get a much-needed boost to its economy. They will receive $5,000 a year, not to exceed $10,000 over two years.
The first-come, first-served remote worker grants are only available to new residents who relocate on or after January 1, 2019.
The bill, signed by Vermont governor Phil Scott, has budgeted grants for almost 100 new remote workers in the first three years of the program, and 20 additional workers per year for every year after.
Current residents aren't eligible. 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. The state is allocating a maximum of $125,000 for the 2019 fiscal year, and $250,000 a year after. Through this program, people who visit Vermont during certain weekends from April to October have the opportunity to network with local employers, entrepreneurs, and realtors.
Knight said they have more work to do to turn the idea into a successful program.