Published by FOX Business | February 14, 2022
Welcome packages including land, cryptocurrency, and cash are being offered by several cities
Cities across the country are looking to appeal to the thousands of workers that were pushed into remote positions by the ongoing coronavirus pandemic, and are offering incentives to those who choose to move and live in them, according to a report.
Welcome packages including land, cryptocurrency, and cash are being offered by at least 10 cities that want residents to settle down, Stacker.com reported. Eligibility varies, though, as some require residents to live in the city for at least a year, while others pay the promised cash over monthly installments.
The 10 cities are located in Arkansas, Connecticut, Indiana, Iowa, Kansas (2), Minnesota, Nebraska, Oklahoma and West Virginia.
Here are the top three:
Bentonville, Arkansas
Bentonville, the home of Walmart, is looking to add to its numbers, offering potential residents $10,000 for remote workers to move into the area, Stacker.com reported. Potential residents can receive the sum via cash or cryptocurrency as part of the Finding NWA program, which the Northwest Arkansas Council has invested over $1 million to cover the incentive costs, according to the report.
Eligibility requirements include: the individual must be 24 years or older; be eligible to work in the U.S. and employed full time; have at least two years of experience; be relocating from outside of Arkansas; and, be willing to move into northwest Arkansas, Stacker.com reported.
New Haven, Connecticut
New Haven is looking to give $10,000 to incentivize first-time homebuyers to relocate, Fox 59 reported. The city of 134,000 residents will also provide a 0% interest loan that will be forgiven 20% each year, which will be totally forgiven in five years, according to the report.
West Lafayette, Indiana
West Lafayette, home to Purdue University, is offering stipends between $1,000 – $5,000 through its Work From Purdue program, to those who work remotely and live in its Discovery Park District, Stacker.com reported.
Continue reading to learn about the other seven U.S. cities offering incentives for relocation.