![]() With Governor McKee’s leadership, Rhode Island’s economy has made an historic comeback focused on getting Rhode Islanders back to work and increasing incomes so that all Rhode Islanders can live, work and raise a family in the Ocean State. Investing $100 million towards two of the state’s biggest economic drivers – the blue economy and life science industries The Wavemaker Fellowship awards graduates working in STEM and design jobs in Rhode Island with a refundable tax credit that can cover student loan payments up to 6,000 per year for up to four years. Investing in projects that create construction jobs, put Rhode Islanders to work and improve the basic infrastructure that residents, communities and businesses rely onĮxpanding the Wavemaker Fellowship program to encourage more students to earn their degree and enter the workforce in Rhode IslandĮnhancing Real Jobs RI with a $30 million boost to reduce barriers to employment and connect skilled workers with good-paying career opportunities To get Rhode Islanders back in the workforce with the skills they need to earn good-paying jobs, Governor McKee is: The Wavemaker Fellowship provides a financial incentive for graduates pursuing a career or starting a business in Rhode Island in technology, engineering, design and other key sectors, by defraying student loan payments for up to four years. Governor McKee has committed to continuing that momentum. Today, Rhode Island has the best economic recovery in the entire Northeast, and the state is seeing its lowest unemployment rate in decades. When he took office, Rhode Islanders were out of work and the economy was stalled. 8, Pawtucket).Governor McKee knows that Rhode Islanders want to work hard and build a better life for their families. 12, Little Compton, Middletown, Newport, Tiverton), Senator President Pro Tempore Hanna M. 24, Woonsocket, North Smithfield), Senator Louis P. It is cosponsored by Senator Melissa Murray (D-Dist. This year’s bill ( 2023-S 0229) has been referred to the Senate Committee on Finance. The Senate approved similar legislation in 2021. Additional information about the program is available at. In addition to the financial benefit, Fellows are invited to participate in various personal and professional development programs, social and professional networking opportunities, community-based events and more. The program, which is administered by the Commerce Corporation, offers qualifying individuals a refundable Tax Credit Certificate worth the value of their annual student loan burden for up to four years. Additionally, meeting our needs in terms of STEM educators will help ensure the next generation of Rhode Islanders are prepared to compete in the 21st century economy, paying dividends for decades to come.” Expanding the program with a focus on strengthening our workforce in public education is especially critical given the many challenges we face on that front. Spires has been the recipient of the Amy Lowell Travelling Poetry Scholarship, a Whiting Writer's Award, a Guggenheim Fellowship, two fellowships from the. “Incentivizing students to pursue STEM careers bolsters our state’s workforce and makes Rhode Island more attractive to good employers in growing fields. 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 is a valuable, proven tool that helps us keep talented, educated people in Rhode Island,” said Leader Pearson. As used in this chapter: (1) Applicant means an eligible graduate who applies for a tax credit for education loan repayment expenses under. The Wavemaker Fellowship provides a financial incentive for graduates pursuing a career or starting a business in Rhode Island. It provides a financial incentive for graduates pursuing a career or starting a business in Rhode Island in STEM fields by defraying student loan payments for up to four years. The Wavemaker Fellowship Program was enacted through the state budget in 2015 based on legislation sponsored by Leader Pearson. 19, Cumberland, Lincoln) has introduced legislation that would expand eligibility for the Wavemaker Fellowship Program to public school teachers, including those in the high-need fields of science, technology, engineering, and mathematics.
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