71 cities and towns are paying tech workers to abandon Silicon Valley. It’s work6 min read 16 Jul 2022, 08:58 PM IST
Incentives are drawing high-paid tech workers, and challenging how we think about local economic development
A growing number of cities and towns all over the U.S. are handing out cash grants and other perks aimed at drawing skilled employees of faraway companies to live there and work remotely. A handful of such programs have existed for years, but they have started gaining traction during the pandemic—and have really taken off in just the past year or so. Back in October there were at least 24 such programs in the U.S. Today there are 71, according to the Indianapolis-based company MakeMyMove, which is contracted by cities and towns to set up such programs.
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