Vermont will pay you $10K to move there - but there’s a catch

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The grants will be capped at $5,000 per person per year, or $10,000 per person total, though the Agency of Commerce and Community Development will need to formally set the limits when designing the program. Vermont is aging faster than the rest of the USA population, an economic crisis that has prompted some creative solutions from state officials.

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

Vermont has the third highest median age (42.7 years) in the nation behind New Hampshire (43.0) and ME (44.6), according to a report last year from the U.S. Census Bureau.

Grants will be distributed on first-come, first-served basis, and recipients will receive $10,000 over two years.

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State officials have already been overwhelmed with the response to the moving incentive program.

The program, set to start in 2019, will cover relocation, computer, Internet and any other work-related expenses that the new resident might incur in order to work remotely in the state.

To qualify for this law, one has to work primarily form a Vermont home office or co-working space and employed full time by an out-of-state firm.

Following the completion of the third year, the programme will give grants for 20 additional workers per year. However, it has a high cost of living, just above the national average, and it's also one of the least diverse states in the country. 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. He also said that more funds will be sought if the programme proves to be successful.

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

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