Latest news with #Hock
CNBC
22-06-2025
- Business
- CNBC
West Virginia, Baltimore, Tulsa: 7 U.S. states, cities and towns that will pay you to move there
Whether you're making a move to escape the high costs of a big city or just wanting a fresh start in a new place — why not get paid? There are many states, cities and towns across the United States that offer financial incentives to move there. It's something that Evan Hock, co-founder and COO of MakeMyMove tells CNBC Make It, he wishes more people were aware of. "For the first time, consumers are in the driver's seat of where they live and work. They are more mobile than ever, both through remote work, and if you're a smart person, you can pretty much get a job anywhere, and that gives people options," he says. "They are moving from places like California, New York, Texas and Florida to places that maybe have a better quality of life. As far as they're concerned, they're looking for affordability and community connection." The goals of most of these programs, Hock says, is to reach an audience of move-ready talent and grow their communities. "The places that most commonly participate are places in the middle of the country. Lots of times, it's places that have historically struggled to grow, or they've lost talent to city centers. This is a way that they can sort of open their doors and bring some of that talent back." Before applying to any of these programs, one of the most important things to do is visit. Hock says it's something he finds that many people neglect. But once that's done, go for it. "The seats are limited, so if you're thinking about making a move, it's free to apply and applying kind of gets your name in the hat, so take the plunge," he adds. As of June 2025, the following cities and states are offering a financial incentive, with some paying as much as $12,000. Program name: Ascend West Virginia Incentive: Up to $12,000 or more How it works: In addition to money, West Virginia is offering prospective residents a slew of other incentives, including a free outdoor recreation package and a co-working space. To take advantage, you must live in the state for at least two years in one of the designated communities: New River George, Greenbrier Valley, Morgantown, Eastern Panhandle, and Greater Elkins. To be eligible for the Ascend West Virginia program, applicants must work remotely, have the ability to work remotely in a business based outside of West Virginia or be self-employed outside of the state. You must provide proof of employment and income prior to being accepted into the program, have the ability to relocate within six months, be 18 years or older, and be a U.S. citizen or green card holder. Program name: Tulsa Remote Incentive: $10,000 in rental grants or a lump sum after the purchase of a qualifying home and a three-year membership to a local co-working space. How it works: Tulsa launched its program in 2018. In order to take advantage of the program, you must meet these requirements: be at least 18 years of age, authorized to work in the United States, have current full-time, remote employment outside of Oklahoma, can relocate to Tulsa within 12 months of approval. Applicants must also have lived outside of the state for one full year before applying. The application process includes a 30-minute virtual interview and if you are selected to proceed, you'll be required to complete a background check and income verification before continuing. Once you're approved, Tulsa Remote will have to verify you've signed a qualifying lease or purchased a qualifying home. Approved applicants will then attend a new member orientation. Once those steps are completed, you will be eligible to receive the grant money. Program name: Choose Topeka Incentive: Up to $10,000 to be allocated to rent for the first year or up to $15,000 to put towards buying a home. How it works: To receive the incentive, your employer must participate in the GO Topeka employee transfer program and contribute anywhere from $2,500 up to $15,000. After the first year, the program will reimburse part of the total qualified relocation incentive. The city has two other programs that offer $5,000 to former Topeka residents and $5,000 to those transitioning out of the military. For these programs, the funds can be used however the recipient chooses. Program name: Buying Into Baltimore Incentive: $5,000 in down payment and closing cost assistance, 5-year forgivable loan How it works: The program is awarded by lottery 12 business days after the Live Baltimore's Trolley Tour event, which is held three times a year. Homebuyers must attend and complete all requirements of the Trolley Tour event. After that event, applicants have 12 business days to make an offer on a home, have the offer accepted, obtain a contract of sale and submit the required paperwork to be eligible for the lottery drawing. 20 homebuyers will be selected to receive the funds. For remote workers interested, it's important to note that the property must also be used as a primary residence. Program name: Talent Attraction Program Scholarship Incentive: Up to $15,000 How it works: From April 1, 2025 to July 1, 2025, the Hamilton Community Foundation is taking applications for what is known as a "reverse scholarship." Recent graduates will receive assistance with student loan debt. To be eligible, applicants must have graduated within the last seven years from a STEAM (Science, Technology, Engineering, the Arts, or Mathematics) program. Additionally, you can't currently reside in the designated areas of the city of Hamilton, but you must have plans to move there. Those interested must demonstrate employment within Butler County or have a full-time remote position. The application states that preference will be given to "those with a desire to give back to the community and become engaged in activities." Program name: Choose Ketchikan Incentive: Up to $2,000 How it works: Applicants must be at least 18 years old and fully employed. They must live outside Alaska while working remotely for a company that is also outside Alaska. Once you become a resident of Alaska, the state will pay you after a year of living there from the Alaska Permanent Fund Dividend. The program is also offering up to three months of free internet. Program name: The Newton Housing Initiative Incentive: $10,000 cash How it works: The city, located approximately 30 miles from Des Moines, is offering $10,000 in cash to individuals seeking to purchase homes valued at more than $240,000. Rental properties are not eligible and homes under $240,000 shall be eligible for tax abatement. Part of the "Get to Know Newton Welcome Package" also includes getting gifts from local businesses and attending events.
Yahoo
31-03-2025
- Business
- Yahoo
MakeMyMove initiative sparks national interest in Central Indiana
In 2020, a group of Indianapolis-based economic development professionals decided to try something different. Rather than attracting businesses to the community, why not attract individuals, specifically remote workers, to the community? 'We're in 17 states right now and Indiana is the first in the nation to have a statewide recruitment program,' MakeMyMove COO Evan Hock said. 'With 34 local programs across the state, all of it is sponsored by Indianan Economic Development funds.' Those interested in moving to Indiana can apply on the MakeMyMove website and receive thousands of dollars in incentives. Communities set up their own incentive programs. 'Noblesville, for example, has $15,000 in cash and amenities, including memberships to the Chamber and the local co-working space," Hock said. "You can pick your spot based on the region and the program they offer.' Zionsville is participating. So is Muncie, Greenwood and everywhere in between. The incentives are meant to help movers get involved and explore the community they've chosen. The closer they are to Indianapolis, options like tickets to racing events, sporting events and more are available. Participants must be moving in from out of state and they must bring a remote job with them. The organization's goal is to recruit 50 new households by the end of May 2025 and Hock said they are 10 percent of the way there with many more in the pipeline of the application process. Central Indiana has proven to be an attractive option. According to Payscale, housing in Indianapolis is 22% lower than the national average and the cost of living is 10% less. 'The first mover we had came to McCordsville. They were able to get a home with more space and a different pace of life. It's whatever suits your preference,' Hock said. 'It's a new way for communities to grow and we're continuing to scale up the program.' It's a win-win for everyone, according to Hock. Not only are there incentives for families moving in, but it's also a great opportunity for the economic vitality of the community. 'We have a software engineer from Silicon Valley come to Indy and they're bringing that spending power with them," Hock said. "Remote workers are free agents and they are coming in from California, Texas and Florida looking for affordability and community connections. They're finding that in places like Zionsville and Lebanon.' For more information on the program, visit the website at
Yahoo
07-03-2025
- Business
- Yahoo
Broadcom Inc (AVGO) Q1 2025 Earnings Call Highlights: Record Revenue and AI Growth Propel ...
Total Revenue: $19 billion, up 25% year on year. Adjusted EBITDA: $10.1 billion, up 41% year on year. Semiconductor Revenue: $8.2 billion, up 11% year on year. AI Revenue: $4.1 billion, up 77% year on year. Infrastructure Software Revenue: $6.7 billion, up 47% year on year. Gross Margin: 79.1% of revenue. Operating Income: $9.8 billion, up 44% year on year. Operating Margin: 66% of revenue. Free Cash Flow: $6 billion, representing 40% of revenue. Capital Expenditures: $100 million. Cash and Debt: $9.3 billion in cash and $68.8 billion in gross principal debt. Dividends Paid: $2.8 billion in cash dividends. Share Repurchase: $2 billion to repurchase 8.7 million shares. Q2 Revenue Guidance: $14.9 billion, up 19% year on year. Q2 AI Revenue Guidance: $4.4 billion, up 44% year on year. Q2 Infrastructure Software Revenue Guidance: $6.5 billion, up 23% year on year. Warning! GuruFocus has detected 6 Warning Signs with DOMO. Release Date: March 06, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Broadcom Inc (NASDAQ:AVGO) reported a record total revenue of $19 billion for fiscal Q1 2025, up 25% year on year. AI revenue reached $4.1 billion, up 77% year on year, surpassing the guidance of $3.8 billion. The company is making significant R&D investments in AI, including the development of the industry's first 2-nanometer AI XPU. Infrastructure software revenue grew by 47% year on year, driven by the integration of VMware and the shift to subscription-based models. Broadcom Inc (NASDAQ:AVGO) is expanding its customer base, with four additional hyperscalers engaged in developing custom AI accelerators. Non-AI semiconductor revenue was down 9% sequentially due to a seasonal decline in wireless. Enterprise networking remains flat as customers work through channel inventory. Industrial sales were down double digits in Q1 and are expected to decline further in Q2. Free cash flow as a percentage of revenue is impacted by cash interest expenses and cash taxes. Concerns about geopolitical tensions and potential regulatory impacts on AI diffusion rules could pose risks to future operations. Q: Hock, you talked about four more customers coming online. Can you elaborate on the trend you're seeing? Can any of these customers be as significant as the current three? A: Hock Tan, President and CEO: These four are not yet customers as we define it. We enable hyperscalers to create compute systems, and it takes time to develop the software to make it work. There's no reason these four won't create demand similar to the first three, but it will likely happen later. Q: Can you provide more color on the second-half AI profile, especially with the new 3-nanometer AI accelerator programs ramping? A: Hock Tan, President and CEO: We are seeing improved networking shipments and some pull-ins of shipments. However, I won't speculate on the second half beyond what we've guided. Q: Are you seeing disruptions from tariffs or other dynamics, and how might this impact Broadcom's growth? A: Hock Tan, President and CEO: It's too early to tell about tariffs, but generative AI is accelerating semiconductor technology development. We're seeing innovation in higher performance accelerators and networking functionality. Q: How do you view the conversion from design wins to deployment, especially with the new XPU engagements? A: Hock Tan, President and CEO: We define design wins as products produced at scale and deployed in production. It takes time from taping out to scale production, and we focus on partners who need large volumes. Q: Is there any concern about new regulations impacting your AI design wins or shipments? A: Hock Tan, President and CEO: In this era of geopolitical tensions, there's always some concern, but we don't have any specific concerns about our current customers. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
