The grants, which the law caps at $125,000 for 2019, will be available on a first-come, first-served basis.
To qualify for the funds, you need to be a full-time employee of an out-of-state business who works from home.
Republican Gov. Phil Scott on Wednesday signed into law a bill that will grant a number of newcomers a $10,000 stipend to help with the moving fees. In March, Governor Scott and the Vermont Department of Tourism and Marketing announced the so-called Stay-to-Stay initiative, which is meant to help tourists relocate to the state.
"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. Vermont is aging faster than the rest of the U.S. population, an economic crisis that has prompted some creative solutions from state officials. Well, thanks to state officials, you've officially got 10,000 more reasons to make the move.More news: United Kingdom far-right figure Tommy Robinson jailed for contempt
According to the state documentation, the state will award no more than $125,000 in 2019, no more than $250,000 in 2020 and no more than $125,000 in 2021. Workers will receive $5,000 per year after submitting reimbursement forms that prove they used the money for moving costs. The worker must also perform most duties from a Vermont home office or co-working space.
The legislation is just one of the northeastern state's latest efforts to counter its aging population.
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.