This is pretty important. I suspect the people who are motivated by $2k a year to move there are not the people who are going to be bringing a large influx of capital to a place that very much needs it.
Although actually, it looks like there are two separate programs, which you can be eligible for both of: The relocation credit, and the restoration or down payment credit, which is more of a match, so the actual amount is more like $20k total.
> I suspect the people who are motivated by $2k a year to move there are not the people who are going to be bringing a large influx of capital to a place that very much needs it.
You are correct, they are the people who will be available to be employed by those considering bringing a large influx of capital and taxable revenue. They're the bait.
Offering $10-20k to move somewhere that doesn't have jobs isn't going to build a labor market. Retirees and remote workers can decide to live in a labor nowhere to stretch their house buying power, lower cost of living, etc.
That actually explains a lot. They are trying to expand their tax base. The improvements stipend will allow them to assess the property at a higher value!
...and at the current admin's burn rate of almost 10% GDP deficit / year via printing of money, that 10K gonna be worth more like 5k at the present clip in 5 years. Honestly, reducing gov't spending by 50% to fit within the confines of the tax base simply isn't going to happen. So, with that in mind, that 5k (in future real terms) to move to a state with terrible rental laws for landlords (if that's the long term goal) just simply doesn't make any sense at all.
There is no linear relationship between national debt and inflation. There is no possible way to conclude that because of any particular change in the deficit or debt that $1 today will be worth more or less in 5 years. You don't know, and neither does anybody else.
Although actually, it looks like there are two separate programs, which you can be eligible for both of: The relocation credit, and the restoration or down payment credit, which is more of a match, so the actual amount is more like $20k total.