Five years ago remote workers were offered $10,0000 to move to Tulsa, Oklahoma for at least a year. Since then roughly 3,300 have accepted the offer, according to the New York TImes. [Alternate URL here.] But more importantly, now researchers are looking at the results:
Their research, released this month, surveyed 1,248 people — including 411 who had participated in Tulsa Remote and others who were accepted but didn’t move or weren’t accepted but had applied to the program — and found that remote workers who moved to Tulsa saved an average of $25,000 more on annual housing costs than the group that was chosen but didn’t move… Nearly three-quarters of participants who have completed the program are still living in Tulsa. The program brings them together for farm-to-table dinners, movie nights and local celebrity lectures to help build community, given that none have offices to commute to.
The article says every year the remote workers contribute $14.9 million in state income taxes and $5.8 million in sales taxes (more than offsetting the $33 million spent over the last five years). And additional benefits could be even greater. “We know that for every dollar we’ve spent on the incentive, there’s been about a $13 return on that investment to the city,” the program’s managing director told Fortune — pointing out that the remote workers have an average salary of $100,000. (500 of the 3,300 even bought homes…)
The Tulsa-based George Kaiser Family Foundation — which provides the $10,000 awards — told the New York Times it will continue funding the program “so long as it demonstrates to be a community-enhancing opportunity.” And with so much of the population now able to work remotely, the lead author on the latest study adds that “Every heartland mayor should pay attention to this…”
