Scott signed the bill Wednesday. Vermont has an offer for you.
In 2020, the program is expected to receive up to $250,000, then $125,000 in 2021.
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.
To be eligible, a worker must be a full-time employee of a business located outside Vermont, must work primarily from home or a co-working space in Vermont, and must become a full-time resident of the state on or after January 1, 2019.
"The intent is to spread it to as many people", AP quoted Joan Goldstein, commissioner for the Department of Economic Development, as saying. After that, if funding stays out there, the state is planning to have as much as $100,000 in grants per 12 months.
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Workers will get $5,000 per year for two years, after they submit reimbursement forms that prove they used the money for costs related to moving and having remote workspaces.
Vermont's population of 625,000 people is aging faster than the rest of the U.S. population. Vermont has an aging population and only about 625,000 residents, which is creating a shrinking tax base. Visitors who plan their trips during one of the four designated weekends from April to October can network with employers, entrepreneurs, and realtors. It's been tried several weekends this year so far, but attendance has been sparse. The program's next pilot weekend is in mid-August.
In addition to the grants, Vermont is employing several strategies to entice workers to come to the state.
Scott has called for measures he feels will make Vermont more economically attractive so young people will stay and others might move here, such as tuition-free college for National Guard members and construction of affordable housing.