A picturesque hilltop village in Italy will pay you to move and work there

10/24/2020 4:56:00 AM

This picturesque hilltop village in Italy will pay you to move and work there (via @CNBCMakeIt)

Travel, Italy

This picturesque hilltop village in Italy will pay you to move and work there (via CNBCMakeIt)

The Italian village of Santo Stefano di Sessanio is hoping to attract new younger residents by offering them grants totaling as much as 44,000 euros ($52,022).

details of the projecton the local council's website last week.Santo Stefano currently only has 115 residents, 41 of which are over the age of 65, while just 13 people living in the village are under 20 years old.trotalo | Getty ImagesThe local council said, therefore, it was "essential" to do something to ensure "a sustainable and lasting development of the territory," according to a translation of the announcement.

It devised the initiative to attract new residents, which included offering a maximum grant of 8,000 euros a year for three years, paid monthly. It said it would offer another grant, a one-off maximum payment of 20,000 euros, for new residents to start a business.

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The picturesque hilltop village in the Abruzzo region, southeast Italy shared details of the project on the local council's website last week.FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport in Shenzhen, Guangdong province, China, July 22, 2019.".Ellen DeGeneres is hoping to bag a whopping $40million for her Montecito mansion.

Santo Stefano currently only has 115 residents, 41 of which are over the age of 65, while just 13 people living in the village are under 20 years old. trotalo | Getty Images The local council said, therefore, it was "essential" to do something to ensure "a sustainable and lasting development of the territory," according to a translation of the announcement. Visiting Italy in September, U. It devised the initiative to attract new residents, which included offering a maximum grant of 8,000 euros a year for three years, paid monthly. It said it would offer another grant, a one-off maximum payment of 20,000 euros, for new residents to start a business. Secretary of State Mike Pompeo described Chinese mobile telecoms technology as a threat to Italy’s national security. The council will provide residents in the scheme with a property, on which they will only pay "nominal" rent. They then acquired the adjacent property and made the area into one large pad which has been modelled on a Balinese-style.

It also specified that those applying for the scheme needed to between 18 and 40 years old. However at Thursday’s meeting, the government used its special vetting powers to block Fastweb, the Italian unit of Swisscom, from implementing a supply deal with the firm in the most sensitive part of its fifth generation mobile network, the sources said. Applicants to the scheme have to transfer their residence to Santo Stefano for a minimum of five years and open a business in the village. wanderluster | Getty Images They can be Italian residents from outside the area but need to be moving from a place with no less than 2,000 people. A source from the Prime Minister’s office said Rome also wants to evaluate whether Huawei can play a role in 5G core networks. Applicants can also be EU citizens or non-EU citizens with a long-term residence permit issued for an indefinite period. Applicants have to transfer their residence to Santo Stefano for a minimum of five years and open a business in the village. No comment was immediately available from Fastweb. According to TMZ, cops have since advised residents of Montecito against posting on social media that they're going on holiday, which they say attracts thieves.

However, the business must be in areas identified as a priority by the council — a tourist, sports or culture guide, a cleaner, generic maintenance technician, drugstore manager, or marketing and selling local food. Applications to the initiative must be submitted by November 15 2020.S. VIDEO .