Yes, you can really get paid to move or relocate to Vermont!
This article reveals exactly how it works and some of the best companies and programs that pay or help you get paid to relocate to Vermont.
Why Get Paid to Move to Vermont?
The nickname for the state of Vermont is not named after the over 500,000 gallons of maple syrup produced nor are they nicknamed Ben and Jerry for the world-famous ice cream that is headquartered in Vermont nor are they known as Beetlejuice where the famous movie was filmed.
No, the nickname for Vermont is green mountain.
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In actuality, Vermont is the combination of two words vert which in French means green, and mont is the French word for mountain.
In 2018, Vermont was a trailblazer in regards to offering relocation packages for certain careers and remote workers to live in their state.
The need or the force driving this enticement of encouraging people to live in Vermont was due to many businesses across the state complaining about the shortage of people in the workforce.
It had gotten so severe that many businesses had to close down operations due to the lack of staff.
The relocation package for workers and remote workers proved to be successful and legislators have just authorized a new round of grant funding for these programs.
Consequently, Vermont is calling you.
The only time that I ever was provided a bonus in regards to my job was while in the military.
I was an x-ray tech.
The opportunity arose where I could re-enlist and would be eligible for a variable reenlistment bonus.
The only catch was that I would need to serve another five years to be eligible for the bonus.
The bonus was $6,000 and at that time seemed like an exorbitant amount of money.
My wife and I had just given birth to our first child and finances were tight and so the decision was to make to not only secure our future but take the bonus.
Today, some states, are experiencing a worker’s shortage and they are offering a bonus for people to move to their state.
One of those states is Vermont and they are offering relocation or paying individuals to move to this beautiful state.
Opportunities may be knocking at your door and willing to pay your way to realize that opportunity.
Best Programs to Get Paid to Move or Relocate to Vermont
1. Relocating Worker Grant
The New Relocating Worker Grant is an award presented to an individual, based upon certain requirements when they relocate to the state of Vermont as their new residence.
The grant is provided from public funds and was enacted through the Vermont legislature.
Eligibility to be considered for this grant is that the individual moves to the state of Vermont permanently.
The refunded program went into effect on July 1, 2021.
To qualify the relocated worker needs to have experience and can immediately fulfill several listed occupations that have been identified as critical to meet the existing job shortage.
A sampling of those occupations includes cashiers, waiters and waitresses, janitors, bookkeeping professions, carpenters, bartenders, nursing assistants, drivers, medical secretaries, and a variety of other employment positions.
A full listing of what is needed and jobs that are part of the relocation eligibility criteria can be found by clicking here and downloading the Frequently Asked Questions.
To be clear it is important to define what an employee is as it relates to qualifying for this grant.
A full-time employee in terms of this grant is an individual who works a minimum of thirty-five hours per week.
They are permanent employees and are not temporary, seasonal, or work with a temp agency.
They also cannot be an owner of a company or someone who controls ten or more percent of a company.
Also, as defined, the employee must produce a W-2 that reflects their wage or salary.
If an individual is chosen for this program and is successfully awarded the grant they will be qualified to utilize the grant money to cover relocation expenses.
Those relocation expenses could include any closing costs if purchasing a home or if renting an apartment or home will cover the deposit and one month’s rent.
Also, if utilizing a moving company, some of the grant monies can be used to offset that expense.
Also, any equipment that was rented in real relationship to the moving, shipping, and the cost of moving supplies.
Once the move has been accomplished, proof of the relocation needs to be presented before the successful awarding of the grant.
The relocated individual needs to produce a Vermont driver’s license, or Vermont I’D, and give a copy of their payroll stub that reflects Vermont residency information.
In addition, two other documents, out of the four that are listed below need to be produced.
The four documents include a lease agreement or purchase contract for a home, a utility bill, or renter’s insurance, or homeowner’s insurance policy.
As it relates to the relocated individual’s employer, two areas are covered within the terms of the grant.
The first area is that there is a section on the application that needs to be completed by the employer.
The requirement is that the employer needs to provide this information and not the employee.
Additionally, if an employer offers to help financially with the relocation of their employer to Vermont, then this does not negate the individual from possibly being qualified for the relocation grant offered by the state of Vermont.
How the Grant Amount Is Determined
On the Think Vermont website, certain areas are experiencing a labor shortage, and therefore relocation into these areas is a qualifier as to whether an individual receives a grant and how much.
All of the grants listed in eighteen of the twenty areas have a maximum grant award of $7,5,00.
Only two of the twenty have a maximum grant award of $5,000.
As part of the relocation process, it is important to note that travel expenses are not reimbursable for the relocation of an individual to Vermont.
Travel expenses would include lodging, gas, food, airfare, etc.
To apply for this grant requires the individual to use the online portal and upload all of their supporting documents.
There are two sections to the application.
One is for the employer to fill out and the other is for the employee.
Once a determination is made that the application process has been fulfilled, the applicants will be given a survey to complete along with other documentation.
Once all of this has been completed then the request for the grant will be considered and is subject to whether there is funding available.
Once the individual has moved to the state of Vermont they then can make an application in hopes of receiving this grant.
There are no guarantees and it is based on a first come first serve basis as to who receives the award.
2. Remote Worker Grant
The Remote Worker Grant program under the Think Vermont initiative was originally initiated back in 2018.
It was passed by Vermont’s legislature to attract individuals to the state of Vermont.
It proved to be successful and was subsequently renewed.
The Remote Worker Grant Program is designed to attract individuals who work for a company and that company allows them to work remotely.
This allows the remote worker who is interested in living in Vermont the financial incentive to do so.
The application process is based on a first-come and first, serve basis.
For an individual to be qualified for being considered as a grant recipient they will have to complete their relocation or move during the year that the program is in operation and if funding is available.
They will need to become a full-time Vermont resident.
By definition as remote workers, they must work for a company that is located out-of-state but the company allows them to work from home remotely to fulfill their job requirements.
The new launch date for the next round of funding will be in February 2022 with $180,000 being set aside to disperse to qualified relocating remote workers.
To be considered as an applicant for the grants provided to new remote workers, the applicant must have moved to the state of Vermont on or after February 1, 2022
To learn more about this program click here.
Considerations When Moving to Vermont and Getting Paid
Also, they must meet or surpass the livable wage rate as determined by Vermont.
The current hourly rate as determined by the state is $13.39 per hour.
Also, as a resident of Vermont, they will need to pay Vermont income tax.
The grant, if successfully awarded to the remote working employee to relocate to Vermont will cover a variety of relocation expenses.
Some of those relocation expenses that may qualify as being reimbursed for the grant include closing costs for an individual’s primary residence or if renting the deposit and one month’s rent.
Also, the relocation grant can be used to offset expenses associated with utilizing a moving company, the rental of moving equipment, moving supplies, and shipping.
The relocating individual will have to show proof of these expenses through receipts and other forms of documentation.
Other Relocation to Vermont Assistance
If the company that the individual works for on a remote basis also offers a relocation package, this does not negate the individual from applying and possibly being successfully awarded the grant from Vermont.
Any portion of the expenses that are defined as qualified with the move that is not incurred by the individual’s company can be offset with the successful awarding of the grant.
It is important to note that those individuals who are defined as independent contractors are not eligible to apply for this grant.
Proof of Residency
The individual who is relocating to Vermont to work remotely with their company needs to provide proof of their physical move to the state of Vermont.
Proof of residency will be demonstrated to be eligible for the grant by providing a Vermont-issued driver’s license, or identification given to non-drivers, and a payroll stub that reflects residency in Vermont.
Also, two out of the four following documents need to be provided.
The document list includes a housing lease or purchase of a home, a Vermont utility bill, a tax bill on property owned in Vermont, and insurance for either the homeowner or renter.
If the individual relocating to the state of Vermont as a remote worker, it is important to realize that if they have a family those household members are not eligible to apply for a relocation grant.
Also, the maximum award is $7,500.
There are certain areas within the state where the award is capped at $5,000.
Those two specific areas are Barre, VT Micropolitan NECTA, and Burlington-South Burlington, VT Micropolitan NECTA.
Also, on the application filed by the applicant, there is an employer section that must be completed by the employer.
Making Money Moving to Vermont FAQs
What Is the State Tax Rate for Vermont?
The state tax for a resident of Vermont spans five adjusted gross income areas.
The single taxpayer rates range anywhere from 3.55% on the first of $37,450 of taxable income on up to 8.95% on taxable income of 411,501 and above.
Married taxpayers pay 3.55% on the first $62,600 of taxable income on up to 8.95% on taxable income of $411,501 and above.
What Is the Cost of Living in Vermont?
There are three areas of living in which Vermont is higher than the median average across the United States of America.
Those three areas where the cost of living is higher are groceries, health costs, and median home cost.
The only area that the cost of living is lower than the average median price in America is housing.
Overall, the cost of living in Vermont is 95.2 in comparison with the number of 100 as the median for America.
Vermont is experiencing a labor shortage and is looking for individuals to relocate to their state.
They are offering to pay relocation expenses for those qualified individuals.
Therefore, if looking for a new opportunity and the possibility of enjoying all that Vermont has to offer, then perhaps this is an opportunity for you.
Vermont is calling you and they are not only opening their arms but their pocketbook as well to help you decide.