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It’s not every day that the government offers people free money, but that is exactly what is happening in Vermont.
Just this week, the state has a new law that will pay people to move there and work remotely.
Workers who qualify can get up to $5,000 a year, not to exceed $10,000 over two years, CNN is reporting.
To be eligible, a person must be a full-time employee for a business outside of Vermont, who is working primarily from home or a co-working space, and who is a full time resident of Vermont after January 1, 2019.
People who win the grant will be able to use the money for a big range of things including the costs associated with relocating, necessary computer equipment and software, internet access and even a co-working membership.
So why would Vermont want to do this exactly? “We recognize the need to recruit people to the state, and this is one of those efforts,” Joan Goldstein, the commissioner of economic development for Vermont told CNN, speaking to Vermont’s aging population.
Besides, assessing whether moving to Vermont is right for your work situation, you are going to want to take into account whether Vermont is the best tax decision for you.
“You will have to pay income tax in Vermont even if you earn it outside of the state,” said Goldstein. “The whole idea of getting more people is because we need to broaden the tax base … but if you are moving from New York, taxes are less here.”
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