But maybe you need a little extra incentive to make the switch and try to convince your boss to let you work from home.

Would, say, $10,000 cash make a difference?

The state of Vermont thinks it will. Its governor this week signed a law to spend that kind of cash recruiting between 300 and 1,000 people to move there, provided they have remote working jobs with out-of-state companies.

Interesting strategy, right? Vermont gets younger residents with decent paying jobs out of the deal, but it doesn't need to spend money to recruit out-of-state employers.

Meantime, you get up to $10,000--spread over your first two years--and you live in a truly beautiful state. Granted, it can also be ridiculously cold in the winter, but some people like that.

It also has an tiny but aging population--median age, 42.8--and an eroding tax base. Hence this new program, the New Remote Worker Grant Program, designed to recruit young Millennial workers to Vermont.

Heck, I'll flatter myself: they're probably also cool with the idea of some slightly graying GenX-ers moving to the Green Mountain state, as long as you work for someone else and help prop up its tax infrastructure. 

To qualify, you must:

  • be a full-time employee of a business "with its domicile or primary place of business" outside Vermont
  • perform "the majority of...employment duties remotely from a home office or a co-working space located in the state"
  • become a full-time resident of Vermont after January 1, 2019.

So, you can't move to Vermont to open a branch of an out-of-state business; they're truly looking for lone wolves. And no working for yourself: You must be employed full-time by a company outside the state.

Also, that last restriction interestingly means that the only people in the world who cannot possibly qualify for this are people who already live in Vermont.

But since the money is intended to reimburse expenses incurred in moving to Vermont--computer software, hardware, and broadband internet, and fees for membership in a co-working space are specifically mentioned--it makes some sense.

(Exception: If you're a college student in Vermont, and you land a work-from-home job with an out-of-state company, you can probably qualify according to the state senator who came up with the whole idea.)

Also: Who knew the co-working space lobby was so powerful in Vermont? It turns out there are at least 19 of them, in a state with only 625,000 people.

Against that, Vermont gets 13 million tourists per year. I grew up in New England and still have relatives there; it's a beautiful place to travel to. However, it has a high cost of living, just above the national average, and it's also one of the least diverse states in the country.

Still you're interested in checking it out, the state also launched a program called "Stay to Stay Weekends," aimed at getting tourists to relocate. Sign up for one of four weekend events, and the state will try to play matchmaker for you with employers, entrepreneurs--and of course, real estate agents.

Just make sure you wind up working for someone out of state. Money is money, even in Vermont.

Want to Work from Home? Tim Ferriss on the Best Way to Start
Published on: Jun 1, 2018