New Funding Available to Support Internship/ Co-op Programs

Intern SubsidiesMAGNET is partnering with regional educational institutions in two important programs aimed at helping bridge the “skills gap” and prepare young people for technical and manufacturing careers.

In December, the Ohio Board of Regents announced $11 million in new state funding for a new program to help up to 1,500 Ohio employers provide paid and credited internships and co-ops to students at Ohio institutions of higher education.

“These awards are meant to provide Ohio employers with opportunities to benefit from the talents of Ohio’s college and career technical students,” said Ohio Board of Regents Chancellor Jim Petro. “And they’ll provide students with valuable internship or co-op experience.”

MAGNET has partnered with Cleveland State University and Lorain County Community College on projects funded through this Ohio Means Internships and Co-ops program. The projects will help manufacturers identify new internship opportunities in their companies and develop job descriptions for students.  MAGNET will assist in recruiting and preparing companies to successfully engage interns in a variety of positions. The University of Akron, Stark State College, Cuyahoga Community College, Youngstown State and  Kent State University also have been awarded funding for similar projects.

Companies interested in participating in this internship program should contact Kristin Reinard at 216.432.5324.

In a related development, MAGNET is partnering with NorTech’s Speed-to-Market-Accelerator (STMA) on an Internship/Co-op Program for Northeast Ohio manufacturers. STMA is a new collaborative program led by NorTech, JumpStart, Lorain County Community College, and MAGNET to accelerate the speed-to-market for high potential products in Northeast Ohio’s advanced energy and flexible electronics industry clusters.

MAGNET’s Workforce & Talent Development team is preparing to host information sessions for manufacturers who may want to engage an intern to work on specific projects for a defined period of time. MAGNET is seeking manufacturers in the advanced energy or flexible electronics fields who may have an internship project or who would be interested in learning how they could benefit. Companies will be expected to contribute 25% of the internship wages.

The  interns  will be employees of MAGNET, paid through the STMA grant and the 25% company match. They can be housed  at MAGNET or at a client’s facility, depending on project need. Students can come from any two-year, four-year or graduate school in the region.

For more information about participating in MAGNET’s STMA Internship Program, contact Kristin Reinard, 216.432.5324.

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