HF 1107

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/01/2023 12:50pm

A bill for an act
relating to economic development; appropriating money for a grant to the Minnesota
Technology Association.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin MINNESOTA TECHNOLOGY ASSOCIATION.
new text end

new text begin $1,400,000 in fiscal year 2024 and $1,400,000 in fiscal year 2025 are appropriated from
the general fund to the commissioner of employment and economic development for a grant
to the Minnesota Technology Association to support the SciTech internship program, a
program that supports science, technology, engineering, and math (STEM) internship
opportunities for two- and four-year college students and graduate students in their fields
of study. The internship opportunities must match students with paid internships within
STEM disciplines at small, for-profit companies located in Minnesota having fewer than
250 employees worldwide. At least 325 students must be matched each year. No more than
15 percent of the hires may be graduate students. Selected hiring companies shall receive
from the grant 50 percent of the wages paid to the intern, capped at $3,000 per intern. The
program must work toward increasing the participation among women or other underserved
populations. This is a onetime appropriation.
new text end