Monday , September 28 2020

MainStreet offers Bay Area residents $ 10,000 to leave


Early Silicon Valley offers qualified candidates a temporary $ 10,000 incentive to leave.

The San Jose-based company, MainSight, was founded by three former Google employees to create jobs and opportunities in suburban and rural communities in America.

"& # 39; & # 39; $ 10,000 for Bay of Lakes Bay & # 39; s came up with the question: What is a fun, interesting way to draw attention to a serious and sobering mission? " mail to CNN. "Our mission is to create jobs in suburban and rural communities, and our goal is to create 1,000,000 new jobs over the next decade."

However, there is a catch: Qualified applicants who accept the offer must remain in their position for a whole year before receiving payment, and Ludlow said the company only offers payments of $ 10,000 by the end of November.

So if you want to be inside, you only have more than two weeks to act.

The housing crisis

MainStreet hopes to expand the number of remote-enabled companies that could meet its goal of creating jobs in suburban and rural communities, while helping to address the Bay Area housing crisis.

It's no secret that the housing crisis in the San Francisco Bay Area is a big problem as affordable housing has come down, thanks to a mass of tech companies and well-paid workers pushing low-income and middle-class workers.

Apple recently released a $ 2.5 billion financial package to help solve the California housing crisis.

Apple to spend $ 2.5 billion to help resolve California housing crisis

Google has pledged $ 1 billion to rebuild housing owned by the housing company, while also developing a fund to encourage developers to build affordable housing in the region.

Facebook's CEO Mark Zuckerberg also helped raise $ 500m in support of an investment fund that helped launch the Gulf Future Partnership, which aims to help fight the housing crisis.

"The high cost of living is a huge problem in the San Francisco Bay Area," Ludlow said. "As a result, families that have been living with it for decades now are being priced out of their homes. This is not a sustainable way to grow and maintain a community and it is a huge problem."

The future of work?

Companies are working with MainStreet to recruit and train employees who are interested in moving out of the Bay Area and working remotely. These employees will be trained by MainStreet on tools such as remote video conferencing for easier communication and will work outside satellite offices that Ludlow calls "MainStreet communities".

These offices will allow workers to work alongside other remote workers, some of whom may be from different companies, as this may reduce the isolation that many remote workers may experience.

While these remote workers will be employed by the company, MainStreet will handle logistics and training to set them up to work remotely.

Ludlow believes that remote workers will play a key role in "the future of work" and said the company is building a "sophisticated set of technological tools and services that will help make effective remote work a reality for suburban and rural communities."

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"The benefits of effective remote work are clear – employees are happier and if they are happier, they are likely to stay with your company," Ludlow said. "In addition, in Bay and New York you have to pay people astronomically high wages. In other regions, companies may pay their employees less, but because of the reduced cost of living, these employees have a much higher quality of life than their counterparts. from the Bay Area. "

And if that's not enough to entice potential applicants, MainStreet guarantees up to $ 5,000 a month for three months and health benefits for their family if they lose their job.

The company's mission seems to resonate with many cities, as Ludlow said they work with a number of state economic development committees and mayor's offices. Bringing these highly skilled employees who might otherwise be employed by Google or Apple can contribute to the local economy.

"There was a great deal of interest from cities and states in our company," Ludlow said. "It's great when incentives can align with the public and private sectors for the benefit of the common people."

CNN's Aneza Garcia and Jordan Valinski contributed to this report.

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