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Vermont will cover $10K of expenses for people who move there and work remotely

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Re: Vermont will cover $10K of expenses for people who move there and work remotely

#31

Post by lotsofpulp »

protonimitate wrote: post #5
beachwood23 wrote: post #2

I was raised in Vermont, and moved away to the Philly area for college, and stayed here because the job opportunities are so much greater in East coast metro areas. Vermont is very insecure about its ability to "hold on" to its young people. Probably for a good reason, because the majority of young persons who remain in the state after high school are the ones who only graduate from high school. I'm interested to see…

I think it's great remote work is starting to catch on. I think it could help revitalize a lot of the rural areas just outside of major metro footprints. I am also born and raised New England, NH and ME could also benefit from this type of program (although Portland seems to be more up and coming). There's a lot of really good reasons to escape the Boston bubble, but unfortunately companies are holding tight to brick…

In my experience, proportionally, more smart young people who have the skills for tech work prefer living in cities with other like minded people. So if you want to hire them, you have to be there otherwise someone else will employ them.

Re: Vermont will cover $10K of expenses for people who move there and work remotely

#32

Post by bmelton »

PakG1 wrote: post #12

This is interesting. I'm hearing more and more examples of cities are pulling out more and more stops to attract people. Maybe I was just ignorant about them before. Free land if you move to the Yukon to do farming: https://www.reuters.com/article/us-canada-farming-landrights... And then there's Shenzhen's peacock plan to attract foreign experts for high-tech startups, 6 figures USD for individuals who meet certain c…

Homesteading is an old American tradition dating back to the old land rush.

Even today, there are places in America (and elsewhere) that will give you land or money if you promise to build a house on it, or turn it into a farm, or stay there for x number of years, what have you.

Re: Vermont will cover $10K of expenses for people who move there and work remotely

#34

Post by DFHippie »

jackhack wrote: post #19

For many, this won't even begin to offset the increase in income and property taxes from this notoriously high-tax state. Individual or business, you're likely to pay more. http://money.cnn.com/gallery/smallbusiness/2012/10/15/state-... >>The income tax has a top rate of 8.95%. This ranks as the sixth-highest in the U.S., although it only applies to taxpayers making over $413,350 per year. Meanwhile, total state and…

I moved to Vermont to work remotely in DC without the $10K incentive. That was some 12 years ago. My quality of life and that of my family is vastly improved. I wouldn't have moved to New Hampshire, though I can see it from where I'm standing in Vermont.

The point isn't to get everyone to move, but to motivate some people who otherwise like what Vermont has to offer but are on the edge. If you are more on the European democratic socialist end of the spectrum of preferences and you plan to live in the US, Vermont will probably suit you. If you're on the right-to-workers end, you'd probably prefer someplace else.

Re: Vermont will cover $10K of expenses for people who move there and work remotely

#35

Post by Liquix »

jackhack wrote: post #19

For many, this won't even begin to offset the increase in income and property taxes from this notoriously high-tax state. Individual or business, you're likely to pay more. http://money.cnn.com/gallery/smallbusiness/2012/10/15/state-... >>The income tax has a top rate of 8.95%. This ranks as the sixth-highest in the U.S., although it only applies to taxpayers making over $413,350 per year. Meanwhile, total state and…

On top of the taxes, housing is pretty bad too. You can be a reclusive hermit in southern / central VT on the cheap, but the closer you get to Burlington / Essex Jct the more expensive it gets. This is in part caused by the size of the University of Vermont - high demand for housing, small area. Many buildings have too many units crammed into them for the same reason. Not nearly as bad as the valley, but another reason not to pick this state for remote work...

Source: Vermont resident with a local IT career

Re: Vermont will cover $10K of expenses for people who move there and work remotely

#36

Post by DFHippie »

PaulHoule wrote: post #33

Lots of hills and low population density. I bet it is hard to get good internet in Vermont. Universal access to broadband would matter more than anything else.

It depends on where you are. It's fine where I'm standing. If you want to live in a dairy farm at the end of a dirt road you will have problems.

Re: Vermont will cover $10K of expenses for people who move there and work remotely

#38

Post by jnwatson »

nraynaud wrote: post #23
vthallam wrote: post #20

Earlier quoted context omitted.

Fall and Summer are really great! Winter sucks unless you are into skiing.

I have skied in Vermont, don't do that, it's just white ice, any fall can be dangerous.

From the West Coast? Vermont has the best East coast skiing. I’d put it in the bottom quartile of West coast skiing.

It isn’t bad at all, but it will never compete with the Rockies.

Re: Vermont will cover $10K of expenses for people who move there and work remotely

#39

Post by beauzero »

rpoconn1 wrote: post #24

Looks up tax rates for Vermont No thanks.

If you are looking for warmer I would suggest Carrollton, GA, Montgomery, AL or Chattanooga, TN. AL has the second lowest property taxes in the USA and while not 2015 Detroit cheap it does have 2018 Detroit cheap housing prices.

Re: Vermont will cover $10K of expenses for people who move there and work remotely

#40

Post by notyourday »

jackhack wrote: post #19

For many, this won't even begin to offset the increase in income and property taxes from this notoriously high-tax state. Individual or business, you're likely to pay more. http://money.cnn.com/gallery/smallbusiness/2012/10/15/state-... >>The income tax has a top rate of 8.95%. This ranks as the sixth-highest in the U.S., although it only applies to taxpayers making over $413,350 per year. Meanwhile, total state and…

Vermont legislature is clueless if it thinks this or anything else other than a major overhaul of tax system and modernization of the infrastructure would bring people to Vermont.

I spent a few weeks recently bumming around the state.

1) Contrary to what Vermonters may think, real estate in Vermont is expensive. Not NYC or SF expensive but none the less very expensive unless it is in a totally need to be burned and rebuilt state.

2) Property taxes are ridiculous. Every time I look at a property I compare its property taxes to property taxes of comparable properties in other areas. Vermont loses to New York! It also loses to New Hampshire. Let this sink in - NH makes most of its revenue from property taxes and property taxes there are still smaller.

3) I put about 800 miles on my car in Vermont. One of the things I really pay attention to is overhead cables. Guess what? Outside what Vermont considers "major cities" cable break out and fiber break out boxes are nearly non-existent. Sat dishes everywhere sort of confirm the point. Internet connections in both random AirBNBs and regular BnBs sucked. Not the Amtrak level bad but close ( after I was done with Vermont I went to New Hampshire. Cable fiber boxes where everywhere and every place I was in had a very decent internet connectivity )

4) Going out costs major $$. New York/Philadelphia level $$. For definitely not New York/Philadelphia level of variety or convenience.

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