Northwest Arkansas offering $10K in Bitcoin to attract remote workers

The
Northwest
Arkansas
Council,
consisting
of
business
leaders
aimed
at
promoting
development
in
the
region,
has
announced
a
crypto
incentive
program
to
bring
in
tech
professionals
and
entrepreneurs
willing
to
work
remotely.

In
a
Wednesday
announcement,
council
president
and
CEO
Nelson
Peacock

said

the
area
would
be
looking
to
expand
its
range
of
talent
in
the
tech
industry
by
offering
$10,000
in
Bitcoin
(BTC)

roughly
0.23
BTC
at
the
current
price
of
$43,610

in
addition
to
a
bicycle
or
membership
to
arts
and
cultural
facilities.
The
“Bitcoin
and
a
Bike”
program,
the
next
stage
of
the
area’s
Life
Works
Here
initiative,
is
specifically
aimed
at
embracing
professionals
in
blockchain-related
fields.
The
program
will
offer
the
crypto
incentive
to
qualifying
individuals
willing
to
live
for
at
least
a
year
in
Northwest
Arkansas

presumably
close
to
the
cities
of
Fayetteville,
Springdale,
Rogers
and
Bentonville.

“Northwest
Arkansas
is
one
of
the
fastest-growing
regions
in
the
country,
and
we’re
now
seeing
more
explosive
growth
in
our
tech
sector,”
said
Peacock.

“This
expanded
incentive
offer
[…]
not
only
embraces
the
growing
trend
toward
the
use
of
cryptocurrency
as
a
payment
option
by
employers,
but
also
helps
increase
our
pipeline
of
talent
to
benefit
tech
employers,
startups,
cities,
local
businesses
and
the
region
overall.”


Bentonville,
Arkansas
from
above.
Source: Northwest
Arkansas
Council

Among
the
requirements
for
applicants
are
the

ability
to
work
remotely
,
moving
to
the
area
within
six
months
of
acceptance
and
two
years
of
experience
at
their
current
position
in
the
tech
industry.
Northwest
Arkansas
is
already
home
to
major
retailer
Walmart’s
headquarters
in
Bentonville

the
Walton
Family
Foundation
is
contributing
to
the
Bitcoin
and
a
Bike
program
and
Walmart
founder
Sam
Walton
was
a
founding
member
of
the
council

as
well
as
the
University
of
Arkansas’
Blockchain
Center
of
Excellence,
offering
education
in
blockchain-enabled
tech. 

“Next-generation
talent
is
essential
to
further
transform
our
region
into
a
hub
for
up-and-coming
tech
innovators
and
businesses,”
said
Blockchain
Center
of
Excellence
director
Mary
Lacity.

Many
reports
have
seemingly

touted

Northwest
Arkansas
as
an
alternative
to

growing
tech
hubs

in
the
United
States
like
Austin,
Texas

while
the
number
of
businesses
in
the
city
has
significantly
increased
in
the
last
year,
the
growing
interest
has
led
to
surging
rent
and
housing
costs.
It
may
be
premature
to
observe
an
exodus
to
the
midwest
state,
but
companies
including
electric
vehicle
manufacturer
Canoo
have

announced

plans
to
set
up
headquarters
in
the
state’s
northwest
region.



Related:




Walmart
seeks
crypto
product
lead
to
drive
digital
currency
strategy

Before
and
during
the
pandemic,
many
mid-sized
U.S.
cities
offered
similar
programs
with
cash
incentives
for
transplants
to
work
remotely,
seemingly
in
an
effort
to
promote
the
local
economy.
The
NWA
council
started
the
Life
Works
Here
initiative
in
November
2020,
but
Tulsa,
Oklahoma
was
one
of
the
first
to

offer

certain
individuals
$10,000
to
move
starting
in
2018,
with
areas
of
West
Virginia,
Kansas,
Vermont,
Connecticut,
and
Alabama
following
its
lead.


Disclosure:
this
reporter
applied
for
the
Bitcoin
and
a
Bike
program.

read original article here