9/3/2023 0 Comments Wavemaker fellowship![]() For years, the Wavemaker Fellowship has succeeded in attracting and retaining talented workers in the STEM fields. The Wavemaker Fellowship program provides a financial incentive for college graduates to stay in Rhode Island to pursue their careers in STEM (science, technology, engineering, and mathematics) or design fields by providing student loan debt relief through a refundable tax credit, for up to four years. The Wavemaker Fellowship is designed to ease the burden of student loan debt, while helping Rhode Island retain the skilled talent that keeps our STEM and health care fields strong. The awards through the state’s Wavemaker Fellowship program comes after a significant drop in demand for the state incentive program, with applications slashed by 41, Register to keep reading or subscribe today and receive unlimited access. The result is demand-driven workforce development that is collaborative, flexible, and business-led. ![]() The program gives grants to employers and other stakeholders within a sector that team up to plan and implement training tailored to their sector’s needs. Real Jobs RI marks a fundamental shift in the way our state trains workers for the jobs of today and tomorrow. The Wavemaker Fellowship provides a financial incentive for health professional working in Rhode Island in the form of an annual refundable tax credit against their Rhode Island income tax to defray the cost of student loan repayments. The state has selected 224 college graduates to receive personal income tax credits under the state’s Wavemaker Fellowship program, which would defray their student loan debts totaling about. Click here to view and complete a grant application.Ĭlick here to view and complete a grant applicationĬlick here for the P-TECH information sheet The P-TECH initiative creates opportunity for Rhode Island’s students and a steady stream of talented, trained workers for its businesses.Ĭontact: education agencies interested in developing a P-TECH program are encouraged to complete and submit the Indication of Interest Form here, and send it to the email address above. Talent development addresses the needs of companies already enjoying success here and those interested in relocating here.īusiness partners help design the program and ensure that changing industry needs are addressed in the curriculum. Visit here for more information about Rhode Island’s P-TECH schools. The P-TECH RI initiative is the result of a statewide partnership between the Rhode Island Commerce, the Rhode Island Department of Education and the Community College of Rhode Island. Rhode Island SB2893 2022 AN ACT RELATING TO STATE AFFAIRS AND GOVERNMENT - STAY INVESTED IN RI WAVEMAKER FELLOWSHIP (Expands Wavemaker Fellowship Program. Local education agencies interested in developing a P-TECH program are encouraged to complete and submit the Indication of Interest Form, and send it to the email address above. The P-TECH initiative creates the opportunity for Rhode Island’s students and a steady stream of talented, trained workers for its businesses. Students enrolled in P-TECH programs take college-level courses while in high school, benefit from internships and mentoring, and graduate with a high school diploma and an industry-approved associate degree.īusiness partners help design the program and ensure that changing industry needs are addressed in the curriculum. “It’s one of the reasons I moved back to the state after graduation.”īelow is a partial list of recent URI engineering graduates who received Wavemaker Fellowships.Rhode Island’s P-TECH (Pathways in Technology Early College High School) initiative forges long-term partnerships between high schools, colleges, industry associations, and businesses. “I found out about the Wavemaker Fellowship from some of my peers at URI,” said Savannah Mullarney, who earned her bachelor’s degree from URI in chemical engineering. The program, administered by the Rhode Island Commerce Corporation, offers qualifying individuals a refundable Tax Credit Certificate worth the value of their annual student loan burden for up to four years. The Wavemaker Fellowship provides a financial incentive for graduates pursuing a career or starting a business in Rhode Island. Many of the engineering students who graduated from the University of Rhode Island in recent years have decided to start their careers in Rhode Island, partly due to the Wavemaker Fellowship.
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