STEM Internship Program

Helping Iowa employers hire STEM students

The Science Technology Engineering and Mathematics (STEM) Internship program provides grants to Iowa companies for 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.

  • Maximum award to an employer in any one fiscal year shall not exceed $100,000
  • Funds disbursed on a reimbursement basis with a portion of wages actually paid to a student
  • Reimbursement calculated to result in an equal share of the cost being borne by the employer and the Iowa Economic Development Authority (IEDA)
  • For every two dollars of wages earned by the student, one dollar paid by the business is matched by one dollar from the IEDA

Eligibility

  • Employer that has or will apply during the same state fiscal year as the Iowa Student Internship Program (targeted industries) under 261 IAC chapter 104 is ineligible
  • Employers eligible:
    • Must be an Iowa-based business with significant employment presence in Iowa
    • Must pay intern at least twice the minimum hourly wage (minimum $14.50/hour)
    • Must offer 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) who are within 1 to 2 years of graduation (undergraduate or graduate student)
    • Must offer either summer or semester internships
      • Summer internship must last a minimum of eight weeks (averaging no less than 30 hours per week)
      • Summer 2017 internships must be completed by September 2017
      • Semester internship must last a minimum of 14 weeks (averaging no less than 10 hours per week)
  • Student(s)/intern(s) eligible:
    • Must be within 1 to 2 years of graduation (undergraduate or graduate student)
    • Must be employed at an Iowa location
    • 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 have a declared a major in a STEM field
      • STEM field includes all majors listed on the ACT-defined STEM majors and occupations by area list
    • Must participate in a substantive experience in an area closely related to the student’s STEM field

How to Apply

  • Funding is awarded on a first come, first served basis (until funding is depleted)
  • The STEM Internship Program has been fully subscribed for fall 2016, spring and summer 2017
  • If the program is continued in fiscal year 2018 (fall 2017, spring and summer 2018), the application will be available after July 1, 2017
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: info@iowaeda.com

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