Vermont will pay you up to $10,000 to move there, work remotely

by Frankie Norman June 4, 2018, 4:07
Vermont will pay you up to $10,000 to move there, work remotely

Under the terms of the bill, a new remote worker is eligible for this grant if their expenses do not exceed $5,000 per year. The legislation is an attempt to bolster an aging population in Vermont. Taxes. Remote workers will have to pay income taxes in Vermont, even on money earned outside the state. To be eligible, a person must move to Vermont after January 1, 2019, be a full-time employee for an out-of-state business, and work primarily from home or a co-working space.

Vermont's population of 625,000 people is aging faster than the rest of the United States population.

In the coming months, people will be able to apply via Vermont's Agency of Commerce and Community Development, which is still finalizing some of the program's details.

The law defines a qualifying worker as a person who works primarily from a Vermont home office or co-working space and is employed full-time by a company that is based outside the state. The $10,000 grant is meant to help remote workers cover the cost of computer software and hardware, broadband access or upgrade, membership in a coworking space, and other work-related expenses.

Following the completion of the third year, the programme will give grants for 20 additional workers per year.

According to the state documentation, the state will award no more than $125,000 in 2019, no more than $250,000 in 2020 and no more than $125,000 in 2021. Alaska uses oil royalties to pay its residents to live in the state. 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 remote worker incentive program will launch with a $500,000 appropriation from the Legislature, and the total payouts will be capped each year.

"This is a piece of a much larger puzzle", Schirling said.

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