The grants will be distributed on a first-come, first-served basis next year, and there's only $125,000 in grant money available in 2019.
The funds are meant to cover the cost of moving, computers, internet, and other work-related expenses. The Stay to Stay Weekends program aims to convince Vermont's 13 million annual tourists to settle in Vermont for good by offering networking events with employers, entrepreneurs, and realtors, across four weekends this year, reports Quartz.
"This looks like an opportunity for us to bring people into the state who might not otherwise be here", Lyons, a Democrat, told the Globe on Friday.
To be eligible, a worker must be a full-time employee for an out-of-state business, work primarily from home or a co-working space in Vermont, and become a full-time resident on or after January 1, 2019. Well, thanks to state officials, you've officially got 10,000 more reasons to make the move.
Interested workers better act fast.
The grant program is created to shore up the state's small and aging working population, according to Joan Goldstein, commissioner of economic development for Vermont.
In 2020, the program is expected to receive up to $250,000, then $125,000 in 2021.
Vermont also faces an aging population, an issue that the state's Republican governor highlighted in his State of the State address earlier this year. The rapidly shrinking tax base is leading to an economic crisis in the northeastern state, and as a result, Vermont is experimenting with innovative ways to attract new residents.