STEM RESTART Act: Paid Returnships for Skilled Mid-Career Workers.
This bill establishes a new grant program to help skilled mid-career workers, particularly women and minorities, return to the Science, Technology, Engineering, and Math (STEM) workforce. Small and medium-sized businesses will receive funding to offer paid 'returnships' for positions above entry level, providing participants with compensation and benefits comparable to full-time employees. The goal is to ease the transition back into high-demand careers for individuals who have taken a break and to increase diversity in critical economic sectors.
Key points
Paid Returnships: The program funds companies to offer internships lasting at least 10 weeks, providing above entry-level pay and benefits (like healthcare) equivalent to full-time employees.
Support for Small and Medium Businesses: Small and medium STEM enterprises can receive between $100,000 and $5,000,000 annually to establish these programs, encouraging them to hire experienced professionals.
Priority for Underrepresented Groups: The program prioritizes supporting women, minorities, and workers from rural areas in accessing high-quality careers in the technology sector.
Status:
Expired
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