Vermont Incentive Compensation Plan
Description
How to fill out Incentive Compensation Plan?
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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.
What are ?qualified relocation expenses?? Qualified relocation expenses are: Closing costs for a primary residence or lease deposit and one month rent, hiring a moving company, renting moving equipment, shipping, and the cost of moving supplies.
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.
A relocation incentive is an incentive an agency may pay to a current employee who must relocate to a position in a different geographic area that is likely to be difficult to fill in the absence of such an incentive.
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.
Incentives are paid out as a reimbursement grant after having relocated to Vermont. Grants are limited and available on a first come first served basis. Find full details and FAQs at the ThinkVermont Relocation page.
Vermont is looking for more workers, and it's willing to pay. New residents of the Green Mountain State can get up to $7,500 if they're up for working in short-staffed industries like childcare, construction or restaurants.
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.
