Vermont Will Pay People $10,000 To Move There And Work Remotely

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"The 1948 estimate shows 6.4 percent moved to a different county or state".

"We have about 16,000 fewer workers than we did in 2009", Scott said in a statement, according to CNBC.

A study previous year by Global Workplace Analytics and FlexJobs reported that 3.9 million workers, or nearly 3 percent of the US workforce, worked from home at least half the time in 2015.

Work from home and seeking a change in scenery?

To be eligible, you will need to become a full-time Vermont resident on or after January 1, 2019.

"The intent is to spread it to as many people", said Joan Goldstein, commissioner for the Department of Economic Development.

The state's tax base is also shrinking. Vermont will pay for your relocation expenses by giving you up to $5,000 a year for two years.

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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 money received can be used for qualified expense that include relocating costs, needed computer equipment as well as software, co-working memberships and internet access.

"This is a piece of a much larger puzzle", Michael Schirling, the commerce secretary, told The Burlington Free Press.

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

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.

In total, $125,000 in grants are available for 2019, $250,000 for 2020, and $125,000 for 2021.

The legislation is just one of the northeastern state's latest efforts to counter its aging population. 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.

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