Friday, May 6, 2016

Wavemaker tax credit applications now available

Governor Gina M. Raimondo and the Rhode Island Commerce Corporation yesterday announced the opening of a competitive student loan reimbursement program for recent graduates working in STEM (Science, Technology, Engineering, and Mathematics) and certain design fields.

"A thriving STEM workforce is vital to jump-starting our economic comeback," said Raimondo. "We are taking steps to keep our most talented people here, and attract others to start their careers in Rhode Island. The Wavemaker Fellowship is a creative solution to helping professionals with their college debt, while giving companies an important recruiting tool."

The Wavemaker Fellowship awards graduates who choose to work in STEM jobs in Rhode Island with a refundable tax credit that can cover student loan payments for up to four years.
  • For the announcement, click here.
  • For the website and application, click here.
  • For the FAQs, click here.
The Division of Taxation earlier this year issued a regulation on the Wavemaker tax credit program