Vermont to pay up to $10K to new residents who work remotely

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

If you're interested in the Vermont deal, act fast. Over the past 25 years, the median age nationally has increased by near five years to 37.8, while Vermont's has risen by 10 years to 42.7.

Remote workers: the state of Vermont wants you.

"This could also help to attract workers here, while still maintaining their positions in cities such as Boston and NY, as well as assist transition issues faced by many trailing spouses", said Ashley Romeo-Boles, the government affairs specialist of Vermont Chamber of Commerce Senate Economic Development, Housing and General Affairs Committee. While that only seems like enough money for 25 people, Senator Michael Sirotkin told The New York Times that he could see grants going to as many as 100 people next year, since most workers will have less than $5,000 in annual resettlement expenses.

Republican Phil Scott called on lawmakers to look for ways to attract and retain more young people.

Current residents aren't eligible.

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To become qualified, the applicant must be a full-time employee of an offshore business and is working from home or in any co-working space in Vermont.

Vermont's population of 625,000 people is aging faster than the rest of the United States population. She said that the state recognizes there is a need to recruit people to live in the state and the new legislation is only one of the efforts.

The state would award grants on a first-come, first-served basis and has allocated $500,000 for the next three years to the program.

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.

Vermont could spend up to $125,000 on the incentives next year - enough to cover the expenses of 25 workers who max out their possible grants. The initiative, announced in March, aims to convert tourists into full-time residents.

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