Iowa Administrative Code
Agency 261 - Economic Development Authority
Part V - Innovation and Commercialization Activities
Chapter 110 - Stem Internship Program
Rule 261-110.5 - Eligible Employers
Current through Register Vol. 47, No. 6, September 18, 2024
Eligible employers may apply to the authority for assistance under the program. The program is available to employers that meet all of the following criteria:
(1) The employer must be an Iowa-based business and have a significant portion of its employees located within the state of Iowa.
(2) The employer must be employing students who have either declared a major in a STEM field or enrolled in a STEM-related academic or degree program at a community college. The students must be employed as interns at a location in Iowa.
(3) The employer 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) The employer must offer either summer or semester-based internships. The summer internships must have a minimum duration of 8 weeks (averaging no less than 30 hours per week), and the employer's semester internships must have a minimum duration of 14 weeks (averaging no less than 10 hours per week).
