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

Warner Bros. Entertainment

Warner Bros. Entertainment

If you work from home, here's an interesting proposition. The average resident is older than the majority of the U.S. population and the state is concerned about a rapidly shrinking tax base.

Heads up, if you're looking to relocate somewhere a little more scenic, and a little less populated: Vermont is paying people $10,000 to relocate to the state - so long as they work remotely for an out-of-state employer. Ever thought the bucolic beauty of the mountainous state of Vermont might be right for you?

The money can be used on qualified expenses, including costs to relocate, necessary computer equipment and software, internet access and co-working memberships.

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Picturesque Vermont has a shrinking population and this effort is targeted at changing those demographics.

According to state officials and the official summary of the new legislation, the financial incentive is meant to help cover a worker's moving costs and business expenses related to working remotely, such as for new technology.

So why is Vermont waving money around? The law will go into effect in 2019 and will be offered first-come, first-served. "We need more people in the state and people participating in the workforce", said Joan Goldstein, the commissioner of Vermont's Department for Economic Development. She said her office is already getting inquiries from interested workers. But they better hurry.

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Just $125,000 has been allocated for 2019, with the cap increasing to $250,000 in 2020, before dropping back to $125,000 in 2021. After that, if funding remains available, the state is planning to have up to $100,000 in grants per year.

For those thinking about making the move, Vermont.org has this pitch, "It's true, Vermont is not for everyone". And you may have heard, it snows here from time to time.

Vermont is more than the place that provides the nation with delicious maple syrup, Ben and Jerry's ice cream and independent Sen.

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