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

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

The Remote Worker Grant Program would cover moving expenses and other costs.

"We recognize the need to recruit people to the state, and this is one of those efforts", Goldstein told CNBC. 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.

Goldstein said her office is already getting inquiries from workers interested in relocating. After that, if funding remains available, the state is planning to have up to $100,000 in grants per year.

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.

Lyons said the bill doesn't target specific industries, but those who work in video gaming, travel, or software development could find the new program to be a good opportunity.

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Under the terms of bill, a new remote worker may be eligible for a grant under the program "for qualifying remote worker expenses in the amount of not more than $5,000.00 per year, not to exceed a total of $10,000.00 per individual new remote worker over the life of the program".

The US labor market has been thriving recently, making it hard to retain workers. In return, the state is hoping to get a much-needed boost to its economy. To address worker shortages, small towns in MI and OH are also offering financial incentives to people willing to move.

Schirling said the incentive may be particularly helpful for couples considering a move to Vermont, when one spouse finds a job in Vermont but the other spouse would need to work remotely.

Story by Kathryn Vasel for CNN.

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