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Vermont will pay stay-at-home workers $10,000 to relocate to the state. The unusual proposal, which comes with a new law signed by Gov. Phil Scott on Wednesday, aims to add to Vermont's small and aging population of 625,000 at a time when a thriving United States labor market is making it hard to retain workers, reports CNN. The worker must also perform most duties from a Vermont home office or co-working space.

Joan Goldstein, commissioner of economic development for Vermont, said one motivation behind the program is Vermont's aging population.

Only workers who become full-time Vermont residents after January 1, 2019 will be eligible. The $10,000 grant is meant to help remote workers cover the cost of computer software and hardware, broadband access or upgrade, membership in a coworking space, and other work-related expenses.

In addition to the grants, Vermont is employing several strategies to entice workers to come to the state.

Goldstein said that logistics and parameters need to be established before they can determine how many grants they will be able to support.

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This initiative is meant to persuade more people to move to Vermont, where the aging population is causing the tax base to shrink rapidly.

Vermont has the third highest median age (42.7 years) in the nation behind New Hampshire (43.0) and ME (44.6), according to a report last year from the U.S. Census Bureau. Last year saw the state's first increase in population in four years, and it was by a mere.05 percent, according to the bureau.

Those interested are invited to stay a weekend and meet with local realtors, community leaders and young professionals around the state. It's been tried several weekends this year so far, but attendance has been sparse. Alaska uses oil royalties to pay its residents to live in the state.

Republican Phil Scott called on lawmakers to look for ways to attract and retain more young people.


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