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Would You Move for $10,000?


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Jun 6, 2018
Categories: Economics, Politics, Society

Would You Move for $10,000?

The state of Vermont recently made an attractive new deal to Americans who may (or may not) be looking to relocate. In July 2017, the U.S. Census Bureau measured that only 623,657 people inhabited Vermont. This decreased number was concerning to lawmakers - enough to pay new residents. That's right, some citizens will be offered up to $10,000 to move and live in Vermont. However, individuals who apply for this program must have a remote job that employs them out of the state itself.

There are a few aims that Governor Phil Scott had in mind when he was creating this initiative. Firstly, it would increase the small population of Vermont. Secondly, he hopes it would bring new, young, and mobile workers to the state. Many young adults and families prefer to work remotely, so they believe this offer will be appealing to that population. Lastly, Vermont wants to change its persona as an autumnal vacation destination to a place to call home for many individuals. With its beautiful foliage and landscapes, people travel to Vermont for a fun weekend getaway, but fewer people decide to relocate there permanently. With this initiative, the state government is looking to change that.

Moreover, this project is not a one-time offer. Beginning in January 2019, this project spans at least three years as budget allocation has already been decided. $125,000 is assigned for 2019, $250,000 in 2020, and $125,000 for 2021. There is a projected $100,000 of remaining funds to support the years following 2021. Thus, this project is hoping to impact Vermont for many years to come. This program is on a "first-come, first-serve" basis so as soon as January 1, 2019, arrives, the race begins.

If you were offered $10,000 to move to a different state (that you were not planning on moving to), would you do it? What is your opinion on this new initiative? Should other states begin similar deals to attract young adults and families to their states?


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