Vermont Adoption of incentive compensation plan
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How to fill out Adoption Of Incentive Compensation Plan?
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FAQ
This grant offers up to $7,500 in reimbursements for eligible expenses to remote workers who become full-time residents on or after February 1, 2022 and continue to work for an out-of-state employer.
Worker Relocation Incentive Program now fully subscribed In total, 435 new workers and their families have moved to Vermont utilizing these programs. To build upon the success of previous efforts, the Vermont Legislature passed new legislation in 2022 allocating $3.09 million to create a new iteration of the program.
Vermont continues to accept relocation grant applications for employees moving to the state. Employees who have recently moved, or plan to move to Vermont, may still be eligible for a relocation expense reimbursement grant of up to $7,500 through the state's "ThinkVermont" Worker Relocation Incentive program.
Based on previous worker incentive programs' success, ThinkVT launched a new relocation incentive program in November 2022. The new program will pay approved applicants up to $7,500 for moving expenses if they move to Vermont.
Loan Repayment Program Qualifying students who graduated in the Spring of 2023 can receive up to $5,000 in student loan forgiveness when they choose to reside in Vermont post-graduation and seek employment with a Vermont-based organization.
The Worker Relocation Incentive Program is now live and accepting applications from those looking to move to the state, whether to work remotely or take a job with a Vermont company. These grants are awarded on a first come, first served basis, and completing a valid application does not guarantee a grant.