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Locations with the Best Relocation Incentives

Date: 12/12/2022

These Cities Offer Great Government Relocation Incentives

The start of a new year is a time for fresh starts. Around this time of year, people typically begin to reflect and make significant changes. Moving to a new city or state is for many the biggest life transition they will ever experience. If you're relocating because of a job offer, you should expect that the new employer would provide a reasonable relocation package to assist with moving expenses. But what about those who were told this year that going forward, they will be working remotely full-time? Where would you go if you could live and work anywhere?

In 2021, a lot of businesses declared they would no longer regularly ask employees to report to an office building. Having said that, many workers are beginning to consider where to live now that they do not have to commute to a cubicle every day. Of course, the top of everyone's list is a location with nice weather and a reasonable cost of living. Few employers offer relocation benefits because many of these relocations are the employees' personal choices. However, towns and governments are providing a variety of relocation incentives that might help lower moving costs.

Here are some cities with the best relocation incentives:

Topeka, KS

Choose Topeka is providing up to $15,000 in money for the purchase of a house and up to $10,000 in funds for renters as part of a very lucrative relocation incentive plan. Also available is a $10,000 house purchase help option for remote workers who relocate to the region, as well as a $5,000 rental support option.

Newton, IA
Purchasing a new house is typically one of the most costly moving expenses. Newton, Iowa is ready to contribute to that expense. You can get up to $10,000 in cash and a "Get to Know Newton" package if you relocate to Newton. This deal only applies to single-family residences that are built before 2023. For newly constructed residences, use this program. Unfortunately, this relocation incentive does not help renters.

Chattanooga, TN
As a magnet for entrepreneurs and inventors, Chattanooga, Tennessee, is swiftly gaining notoriety. A initiative called GeekMove is intended to help computer developers move to Chattanooga. The main benefit of this package is GeekMove's offer to provide a second, forgiven mortgage to help with the upfront expenditures of housing. As a result, potential purchasers will have more housing options because homes will be more accessible to the typical buyer. The caveat is that only specific neighborhoods are eligible for this promotion. On the other hand, there are a ton of fantastic neighborhoods to pick from, including several restored historic districts.

Alaska
Alaska has a long history of providing relocation incentives. Numerous initiatives assist incoming citizens in lowering the expense of their relocation to the state. The Trade Act is one of the more popular relocation policies. Once a position is approved, the Trade Act provides allowances to assist people in relocating to Alaska. In specific circumstances, the employee's immediate family and up to 90% of the relocation costs may be paid. One of the most expensive parts of any move is shipping your household belongings, so you can use this allowance toward that cost. With addition, most people are eligible for a lump sum grant of $1,250 to aid in their relocation to Alaska.

 

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