Vermont’s legislature established the Think Vermont Remote Worker Grant Program in 2018 to encourage remote workers to relocate to the state as well as be compensated for a portion of their moving costs. If you are thinking about relocating to a different location while working from home, this scheme may be able to offer you a grant of close to $5000 annually for a period of two years.
Remote work has unquestionably had an impact on the working population, particularly in the past year. As agencies discover that working remotely allows their staff to be more efficient compared to when they are in the office, many are adopting workplace flexibility in the foreseeable future.
Vermont’s Think Vermont Remote Worker Grant Program provides an opportunity for remote employees to relocate to the state and discover that the Green Mountain State is much more than heavily wooded stunning beauty. The state has a high standard of living, a successful economy, historical importance, a multicultural society, as well as great places and rural areas.
If you relocate to Vermont, the Worker Relocation Incentive program can continue funding your relocation costs with repayment grants of up to $7,500. This scheme is financially supported by a one-time $3.09 million allocation from the Vermont Legislature and will be first come, first served.
Table of Content
Eligibility Requirements for Remote Worker Grant Program
- A W-2 form serves as evidence of full-time employment.
- Paperwork asserting Vermont residency by offering the last four digits of a legitimate Vermont driver’s license or non-driver identification card.
- Having relocated to Vermont during the program’s designated period
- Evidence of qualified expenditures racked up.
- Operate from a shared office space or your home office for the vast bulk of your work.
- Not a college student.
If you meet these prerequisites and have the eligible profile that the scheme is searching for, ensure that you apply because Vermont could be your next stop.
Remote Worker Grant Program Qualifying Expenses
Remote worker expenditures that meet the criteria include:
- Relocation expenditures: This encompasses any costs incurred as a consequence of employing a firm or leasing equipment, as well as rental deposits, rental auto insurance fees, and the expense of moving supplies.
- Expenditures for computer software and hardware: This comprises the price of every software monthly fee or acquisition, in addition to the equipment needed for you to conduct your work remotely.
- Broadband access or upgrade costs: This encompasses both the expenditure of accessing the internet via a subscription and the purchase of the necessary equipment. Just the internet connection as well as its equipment is covered if you subscribe to a packaged service.
- Expenditures for co-working spaces: This would include repayment for your monthly fee to a shared work area outside of your home.
You will be able to qualify for repayment from the grant financing if you provide evidence of expenditure and payment for any of the above expenditures. This is true even if your employer covered a portion of the costs, the finance will support the remainder.
How to Apply for Remote Worker Grant Program
- Submit part B of the proposal to your employer
- The scheme application procedure is split into two sections: one is for your employer (B) and another for you (A). To be legitimate, all these parts should be finalized and forwarded at the same time.
- You would be presented with a short demographic survey in addition to a W-9 form (“Request for Taxpayer Identification Number and Certification”) after you have concluded both portions of the application and it has been received without mistakes.
- Following the completion of this questionnaire and form, policymakers will notify you of the standing of your proposal and the availability of grant money.
- If your grant is sanctioned, you would be asked to sign a grant statement, which, once returned, will automatically provide you with the grant by transmitting it to the location you provided in your proposal.