Key Highlights
- Village of Santo Stefano di Sessanio launches initiative to attract younger residents
- Village offering new younger residents grants for as much as $52,022 or 44,000 Euros
- Santo Stefano di Sessanio in region of Abruzzo in southeast Italy
Pre-pandemic, some places in the US were offering new young residents incentives to move there, according to Business Insider. Why? Some less-populated areas need new residents to fill labor shortages.
Some counties in Kansas were offering deals to newcomers for such things as income tax waivers or up to $15,000 in student loan repayments. A program in Tulsa OK was paying remote workers up to $10,000 to move there. And Claremont MN was offering free single-family residential lots to those willing to build homes on those lots.
Business Insider hasn’t updated the availability of these incentive programs since the COVID outbreak BUT we do know that a hilltop village in the Abruzzo region of southeast Italy is offering younger people incentive grants of up to $52,022 (44,000 euros) to move.
The Italian village of Santo Stefano di Sessanio has just launched an incentive initiative to attract new, younger residents to its village. Details of this initiative are on the local council’s website NOW.
https://comunesantostefanodisessanio.aq.it/c066091/po/mostra_news.php?id=304&area=H
Santo Stefano is home to just 115 residents, 41 of whom are over the age of 65 and just 13 are under the age of 20. The local council of the village believes it is “essential” to take action to ensure “a sustainable and lasting development of the territory.”
Some of the specifics of this incentive initiative include:
- Applicants need to be between 18 and 40 years old.
- Initiative is offering a maximum grant of 8,000 euros a year for three years, paid monthly.
- Initiative would offer another one-off grant for a maximum payment of 20,000 euros for new residents to start a business.
- Local council will provide new residents with a property for which they would pay “nominal” rent.
- Applicants must transfer their residence to Santo Stefano for a minimum of 5 years and open a business in the village.
- That business would have be identified as a high priority business by the council – a tourist/sports or culture guide; a cleaner, generic maintenance technician; a drugstore manager; or marketing and/or selling local food
- Applicants can be Italian residents from outside the village area but must be moving from a place with no less than 2,000 people.
- Applicants can be EU citizens or non-EU citizens with a long-term residence permit issued for an indefinite time period.
Applications MUST BE SUBMITTED BY NOVEMBER 15 2020.
Go to the local Village of Santo Stefano di Sessanio website
https://comunesantostefanodisessanio.aq.it/c066091/po/mostra_news.php?id=304&area=H
Thanks to Business Insider and CNBC.
Also read: How Coronavirus Has Affected Real Estate – So Far, Deal Struck on $2T Federal Economic Rescue Package, SBA’s $349B Paycheck Protection Program Now Out of Money
