In a bid to increase its population and stimulate the economy, the US state of Vermont has begun offering US$10,000 for professionals willing to move into its territory.
The sum will be received over a two year period, with each worker qualified to receive up to US$5,000 per year. The cash is designed to cover the cost of relocating, including broadband access and membership of a co-working space.
The main requirements are that applicants should have been working for an out-of-state employer and be prepared to work from home.
The new initiative, signed by the state’s Governor Phil Scott last week, aims to welcome as many remote workers as it can. Vermont had barely 623,657 people living there in July 2017, according to the US Census Bureau.
This seems to be an extended version of Vermont’s ‘Stay to Stay’ weekend program, which is designed to lure outsiders and encourage them to network with local employers, retailers, and others.
“We have about 16,000 fewer workers than we did in 2009. That’s why expanding our workforce is one of the top priorities of my administration,” Scott said in a statement earlier in March when he launched the ‘Stay to Stay’ program.
“We must think outside the box to help more Vermonters enter the labor force and attract more working families and young professionals to Vermont.”
Although a new concept, remote working is gaining popularity around the world, particularly in the United States. Considering a report from Deskmag, as many as 1.7 million people around the world will be working remotely in 2018.