Iowa Student Internship Program

Assisting businesses with a future workforce and linking Iowa students to careers

The Iowa Student Internship Program provides grants to small and medium-sized companies in targeted industries to support internship programs with a goal of transitioning interns to full-time employment in Iowa upon graduation. The goal is to retain educated workers in Iowa.

  • Iowa employers may qualify for financial assistance on a matching basis for a portion of the wages paid to an intern during the designated internship period
    • For every two dollars of wages earned by the student, one dollar paid by the employer is matched by one dollar from the Iowa Economic Development Authority (IEDA) and up to $3,100 per intern
    • Funds generated through any state source cannot be used as matching funds; federal funding is an eligible match
  • A company is eligible for a maximum of 3 internships per fiscal year (July 1 – June 30)
  • Funds can only be used for reimbursement of wages during the designated internship period
  • Funds spent prior to receiving an award will not be reimbursed
  • Funds cannot be used to cash flow a business

Eligibility

  • Must be in a targeted industry:  bioscience, advanced manufacturing or information technology
  • Employers eligible:
    • Must have 500 or fewer employees, with a significant portion employed within Iowa
    • Must pay at least twice the minimum hourly wage (minimum $14.50/hour)
    • Must offer the internship(s) to students of Iowa community colleges, private colleges, regents universities or to students who graduated from an Iowa high school and attend a college or university outside of Iowa
    • Must employ student(s) that are within one to two years of graduation (undergraduate or graduate student)
    • Must offer either summer or semester internship(s)
      • Summer internship must last a minimum of 8 weeks (averaging no less than 30 hours per week)
      • Summer 2018 internships must be completed by September 2018
      • Semester internship must last a minimum of 14 weeks (averaging no less than 10 hours per week)
  • Student(s)/intern(s) eligible:
    • Must be employed at an Iowa location
    • Must participate in a substantive experience in one or more of the following areas: research and development, engineering, process management and production, product experimentation and analysis, product development, market research, business planning or administration
    • Must be a student at one of the Iowa community colleges, private colleges, Regent universities or a student who graduated from high school in Iowa but attends an institution of higher learning outside of Iowa
    • Must be within 1 to 2 years of graduation (undergraduate or graduate student)

How to Apply

  • Funding is awarded on a first come, first served basis (until funding is depleted)
  • Deadlines for applications for Fall- August 30, 2017; Spring- December 30, 2017; Summer- April 30th or until funding has been depleted.
  • Application available here:  https://ieda-csm.symplicity.com/ 
Program Contact(s)

Jennifer Meier
515.725.3013
internships@iowaeda.com

 

 

 
Iowa Economic Development Authority
200 East Grand Avenue
Des Moines, Iowa 50309
Phone: 1.515.725.3000
email: Email Us

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