Vermont Adoption of Incentive Stock Plan

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Multi-State
Control #:
US-CC-18-120-NE
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Word; 
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This is a multi-state form covering the subject matter of the title.
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FAQ

The Worker Relocation Incentive Program will provide grants of up to $7,500 to both new workers (moving to Vermont to take a Vermont job) and remote workers (moving to Vermont and bringing their job with them). This new program has expanded to include all occupations to better serve employers needs across all sectors.

The State of Vermont offers an economic incentive for business recruitment, growth and expansion. The Vermont Employment Growth Incentive (VEGI) program provides cash payments to businesses that have been authorized to earn the incentive and who then meet performance requirements.

Based on previous worker incentive programs' success, ThinkVT launched a new relocation incentive program in November 2022. The new program will pay approved applicants up to $7,500 for moving expenses if they move to Vermont.

The Worker Relocation Incentive Program will provide grants of up to $7,500 to both new workers (moving to Vermont to take a Vermont job) and remote workers (moving to Vermont and bringing their job with them). This new program has expanded to include all occupations to better serve employers needs across all sectors.

This grant offers up to $7,500 in reimbursements for eligible expenses to remote workers who become full-time residents on or after February 1, 2022 and continue to work for an out-of-state employer.

Vermont continues to accept relocation grant applications for employees moving to the state. Employees who have recently moved, or plan to move to Vermont, may still be eligible for a relocation expense reimbursement grant of up to $7,500 through the state's "ThinkVermont" Worker Relocation Incentive program.

Loan Repayment Program Qualifying students who graduated in the Spring of 2023 can receive up to $5,000 in student loan forgiveness when they choose to reside in Vermont post-graduation and seek employment with a Vermont-based organization.

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Vermont Adoption of Incentive Stock Plan