The Remote Worker Grant Program would take care of the relocation and other expenses.
Only workers who become full-time Vermont residents after January 1, 2019, will be eligible.
The state will award the grants on a first come, first serve basis and has allocated an amount of $500,000 for the next three years to the same goal, the AP report said.
Work from home and seeking a change in scenery?
"I'm getting calls from Wisconsin, Texas, Florida, D.C., you name it", Joan Goldstein, the state's economic development commissioner, told "Good Morning America". To qualify for the funds, you need to be a full-time employee of an out-of-state business who works from home. Well, thanks to state officials, you've officially got 10,000 more reasons to make the move.
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If you're interested in the Vermont deal, act fast.
Eligible workers can receive $5,000 per year, not to exceed a total of $10,000 over the life of the program, as part of the remote worker grant program. On Wednesday, the new legislation was signed into law by Governor Phil Scott. He hopes a separate state program will also help.
The bill's backers say it's an effort to address a challenge with the state's small, aging population-a 2017 census estimate placed it at just under 630,000, making Vermont less populous than Columbus, Ohio. That's why increasing our work power is without doubt one of the prime priorities of my administration. 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.
According to the Stay-to-Stay website, the program is a "lodging and networking package to connect guests to employers, entrepreneurs and potential neighbors in local communities around Vermont".
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.