World Economy

$165,000 to Relocate

$165,000 to Relocate$165,000 to Relocate

It sounds too good to be true, but the mayor of one New Zealand town promises it isn’t. In an effort to boost the economy, Kaitangata officials are paying people nearly $165,000 each to move there, PIX11 reported. The town of about 800 is located on a lush, green hillside just minutes from the coastline on the South Island, but picturesque Kaitangata is in crisis–there are too many jobs. “We have got youth unemployment down to two,” Clutha district Mayor Bryan Cadogan said. “Not 2%—just two unemployed young people.” The town is desperate to fill jobs in dairy processing and freezing works, two industries Kaitangata is heavily involved in. Cadogan is hoping to jumpstart the economy by filling the roughly 1,000 jobs that are now vacant. As a temporary solution, Kaitangata has been bussing in workers from Dunedin, which lies about an hour away. He’s hoping that some of the residents struggling to afford life in larger cities will want to relocate.