Iowa Administrative Code
Agency 261 - Economic Development Authority
Part V - Innovation and Commercialization Activities
Chapter 104 - Innovative Businesses Internship Program
Rule 261-104.5 - Eligible Business
Current through Register Vol. 47, No. 6, September 18, 2024
The targeted industries internship program is available to Iowa businesses that meet all of the following criteria:
(1) An applicant must be an Iowa-based business with fewer than 500 employees, with a significant portion employed within the state of Iowa.
(2) An applicant must be engaged in one of the targeted industries of biosciences, advanced manufacturing or information technology.
(3) An applicant must offer the internship to students of Iowa community colleges, private colleges, or institutions of higher learning under the control of the state board of regents or to students who graduated from high school in Iowa but attend an institution of higher learning outside the state of Iowa.
(4) An applicant's summer internships must last a minimum of 8 weeks (averaging no less than 30 hours per week), and an applicant's semester internships must last a minimum of 14 weeks (averaging no less than 10 hours per week).
