Delaware – Delaware is launching the STEM Talent Advancement and Retention Fund to keep skilled graduates in the state’s science, technology, engineering, and math fields. The initiative, a partnership between the Delaware Division of Small Business and BioConnect DE, offers up to $6,000 in student loan reimbursement for eligible workers employed full-time by Delaware-based companies.
Applications open July 14 and close July 31, with awards expected in October.
The Director of the Delaware Division of Small Business, stated the fund will anchor a young, diverse workforce, positioning Delaware as a Mid-Atlantic innovation hub. Eligible applicants must hold a STEM degree from an accredited institution, with preference for Delaware schools, and work in fields like life sciences, engineering, or software technology.
Awards range from $1,000 for associate degrees to $6,000 for graduate degrees, renewable for four years, capped at actual loan costs. Backed by $100,000 from the General Assembly, the program prioritizes permanent Delaware residents, ensuring local investment yields local gains. Details are available at www.bioconnectde.org/star-fund. This effort strengthens Delaware’s economy, fostering self-reliance and innovation in a competitive market.
