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MainStreet offers residents of the Bay Area $ 10,000 to leave



A Silicon Valley startup provides qualified applicants with a temporary incentive to leave the company for $ 10,000.

San Jose-based MainStreet was founded by three former Google employees with the goal of creating jobs and opportunities in suburbs and rural communities in America.

"The $ 10,000 to leave the Bay Area was created by asking ourselves: What is a fun, interesting way of alerting you to a serious and sober mission?" Doug Ludlow, CEO of MainStreet, wrote an email 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 ten years."

However, there is a catch: Qualified applicants accepting the offer must remain in their position for a full year before they receive the payout, and Ludlow said the company is offering the $ 1

0,000 payouts only by the end of November at.

So if you want to get in, you only have a little over two weeks to act. [19659002]

The housing shortage

MainStreet hopes to increase the number of companies that enable remote work to reach their goal of creating jobs in suburban and rural communities while helping to address the crisis Housing shortage in the Bay Area.

It is no secret that the housing shortage in the Bay Area of ​​San Francisco poses a major problem, as affordable housing has shrunk thanks to the mass of tech companies and well-paid low-income workers and middle-class workers. [19659002] Apple recently announced $ 2.5 billion in funding to address California's real estate crisis.

  Apple will spend $ 2.5 billion to solve the California real estate crisis.

Google has pledged $ 1 billion to clean up its own housing for affordable housing while developing a fund that will provide developers with incentives to build affordable housing in the region.

And Facebook CEO Mark Zuckerburg has raised $ 500 million "The high cost of living is a huge problem in the San Francisco Bay Area," Ludlow said. "As a result, families who have lived in the area for decades are being released from their homes, which is not a sustainable way to build and maintain a community, and it's a big problem."

The future of work?

Companies partner with MainStreet to recruit and train employees interested in leaving the Bay Area and working remotely. These employees are trained by MainStreet in tools such as remote video conferencing to simplify communication. They work in field offices that Ludlow calls "MainStreet Communities."

In these field offices, employees can collaborate with other remote employees. This could come from different companies as it could reduce the isolation that many remote employees might feel.

While these remote employees are employed by this company, MainStreet handles the logistics and training to set up for remote operation. [19659002] Ludlow believes that remote workers will play a key role in the "future of work", and said that the company is developing a set of sophisticated technological tools and services that will help ensure effective remote work for suburban and urban communities rural communities becomes a reality.

  This foundation pays you $ 10,000 to move to Tulsa.

[19659014] "The benefits of effective remote work are obvious – employees are happier and are more likely to stay with your company, "Ludlow said." In addition, you have to pay high salaries in the Bay Area and in New York. In other regions, companies can pay their employees less, but because of their lower cost of living, these employees have a much higher quality of life than their counterparts in the Bay Area.

And if this is not enough to attract potential applicants, MainStreet guarantees a scholarship of up to $ 5,000 per month and health care for their family for three months if they lose their jobs. [19659002] The mission of the company seems resonating with a number of cities, as Ludlow said they work with a number of state economic development commissions and mayors' offices, and the introduction of these highly skilled people, who might otherwise be working for Google or Apple, could boost the local economy. [19659002"Theinterestofcitiesandstatesinourbusinessisgreat"Ludlowsaid"It'sgreattobeabletoincentivizepublicandprivatesectorstobenefitcitizens"

Ahiza Garcia and Jordan Valinsky of CNN contributed to this report.


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