Arkansas countryside. Image via Unsplash.com- Derek Livingston

You Can Earn $10K of Bitcoin If You’re Willing to Move To Arkansas

Economy growth that is outpacing available workforce has caused one area to offer an impressive bounty for those who might be willing to relocate

Andrew Martin
4 min readJan 19, 2022

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With the country experiencing a serious crunch when it comes to finding enough employees to staff, some areas have resorted to coming up with unique incentives to to attract new residents. One of the most aggressive moves was the recent announcement by the Northwest Arkansas Council that they are offering bounties of $10,000 in Bitcoin (BTC) to those in tech fields and entrepreneurs who are willing to move to their region.

If offering a veritable sack of Bitcoin wasn’t enough, the offer comes along with an additional choice. Those who qualify for the offer may select either a street or mountain bike or a free membership to a variety of area arts and culture facilities such as museums and theatres.

Nelson Peacock, the president and CEO of the Council explained the big-time offer:

“Northwest Arkansas is one of the fastest-growing regions in the country, and we’re now seeing more explosive growth in our tech sector. This expanded incentive offer — Bitcoin and a Bike — 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.”

The Bitcoin offer is an offshoot of an initial 2020 incentive presented by Life Works Here of $10,000 in cash and a bike, which still remains claimable if desired. Since that was made available in a variety of areas across the country, an incredible 35,000 applications from all 50 states are 115 different countries have been received.

With such a rich offer, the requirements of the application are unsurprisingly stringent. Successful applicants must be at least 24 years old, be able to relocate to northwest Arkansas (from outside the state) within six month and have proof of being employed remotely full-time or be self-employed. Another important expectation is proof of a local signed lease or purchase of a home Those hoping to come from abroad must have…

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Andrew Martin

Dabbler in history, investing & writing. Master’s degree in baseball history. Passionate about history, diversity, culture, sports, investing and crypto.