Vermont Memo on Company Relocation including Relocation Pay for Employees
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The state, which pioneered relocation bonuses for remote workers back in 2018, now wants to boost local businesses amid a nationwide hiring crunch. Businesses across Vermont have complained of labor shortages and even having to temporarily close down for lack of staff.
A person relocating to Vermont this year has received an average of $4,700, Kristen Ziter, financial analyst for the Department of Economic Development, told senators. Ziter proposed removing the list of occupations that restricts who can be reimbursed for moving to Vermont.
The Vermont Legislature has created incentives to draw new residents to the state, increase the workforce and support Vermont employers. The two relocation grants are the New Relocating Worker Grant and the New Remote Worker Grant.
In 2018, the Vermont Legislature created the remote worker grant program, which offered reimbursement grants of up to $10,000 for workers who could relocate to the state and bring their current job with them.
Vermont's new worker relocation grants will reimburse up to $7,500 in expenses such as moving costs, lease deposits and their first month of rent for those who moved to the state after July 1, 2021.
2. Vermont. In an effort to bring in younger residents to the state, Vermont is offering financial incentives that focus on remote workers. The Remote Worker Grant offers up to $7,500 in relocation expenses.
Cities and states are shelling out serious cash to lure remote workers. Tulsa, Oklahoma, will pay you $10,000 to move there and telework.
Allendale Bar and Grill owner Chris Kunisch shares his frustration about the worker shortage and new COVID restrictions. As worker shortages drag on across the U.S., Vermont is trying to fill its employers' open positions by offering up to $7,500 to folks willing to take a job and move to the state.
During the 2018 legislative session, the Vermont Legislature created and passed S. 94 which, in part, created the remote worker grant program that encouraged workers who were able to relocate to make the move to Vermont while bringing their current job with them.
Instead of paying people once they move to Vermont, the administration is considering either paying them before they move or awarding grants before they move and sending the money once they have resettled in Vermont, Vermont Commissioner of Economic Development Joan Goldstein told the Senate Committee on Economic
