Vermont will pay remote workers $10,000 to move there

Vermont governor signs bill to pay people $10K to move to state and work remotely

Getty Images

Starting next year you can get paid to move to Vermont and work remotely. At that point, the worker is eligible for a grant of up to $5,000 to help cover relocation costs and other qualified expenses, such as broadband access and computer hardware.

However there could be tax implications if one lives in one state while working in another.

Vermont also faces an aging population, an issue that the state's Republican governor highlighted in his State of the State address earlier this year. Lyons also said she hopes to retain college students who might leave for jobs after graduation.

Gov. Phil Scott signed the policy into law this week.

This initiative is meant to combat a major problem that the state of Vermont is facing.

For a worker to qualify, they must work full time for a business located outside Vermont, work primarily at their home or at a co-working space located in Vermont, and become a full-time Vermont resident on January 1, 2019 or after.

Interested workers will want to act fast.

Current residents aren't eligible. "The whole idea of getting more people is because we need to broaden the tax base ... but if you are moving from NY, taxes are less here". 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 program will connect visitors with local employers, entrepreneurs, community leaders and potential neighbors, CNBC said.

The Vermont government has already budgeted funds to support 100 grants each for the first three years of the programme, dubbed the Remote Worker Grant Programme.

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.

Where is Melania Trump? Mystery as public absence extends to 22 days
IPhone owners who paid full price for battery may get rebate