Skip to main content Skip to office menu Skip to footer
Minnesota Legislature

Internships for rural businesses

Published (2/24/2012)
By Bob Geiger
Share on: 

Greater Minnesota businesses could establish ties with post-secondary students and get tax credits for hiring up to five interns annually.

Rep. King Banaian (R-St. Cloud) sponsors HF2210 that would create a Greater Minnesota Internship Program. The program calls for partnerships with the University of Minnesota, Minnesota State Colleges and Universities system and private colleges and universities.

The bill’s goal would be to help stop the retreat of young adults from Greater Minnesota to the Twin Cities metropolitan area, Banaian told the House Higher Education Policy and Finance Committee. The committee approved the bill Feb. 21 and forwarded it to the House Taxes Committee.

The bill could provide employers with a tax credit of up to $1,250 a year. Employers may receive credit for up to five interns each year.

The bill’s price tag is estimated to be $1.25 million annually plus an estimated administrative fee of 1 percent — or nearly $2.53 million during the two-year state budget period. If approved, the program would be administered by the Minnesota Office of Higher Education.

Banaian said that 70 percent of the students attending St. Cloud State University go on to work in the Twin Cities metropolitan area. “You’ve all seen the demography and what’s projected to happen in this state over the next 10 to 15 years,” he said.

His legislation could provide intern opportunities for juniors or seniors in college programs related to the employer’s business. The employer tax credit would equal

40 percent of the intern’s pay up to $1,250. Participating employers could not qualify for more than five interns in a taxable year.

A companion bill, SF1869, sponsored by Sen. Jeremy Miller (R-Winona), is scheduled for a Feb. 22 hearing in the Senate Committee on Higher Education.

Session Weekly More...

Session Weekly Home

Related Stories

System funding decreases
Higher education law cuts $351 million from base funding
(view full story) Published 8/11/2011

Serving more with less
Collegiate funding plan gets failing grade from the governor
(view full story) Published 7/15/2011

Brain-drain concerns
Tuition increase could be offset by state grant increases in higher education finance bill
(view full story) Published 5/20/2011

Collegiate concerns conveyed
Omnibus higher education finance bill approved by House
(view full story) Published 4/1/2011

Mixed grades given to college proposal
Omnibus higher education bill gets mixed reception from members
(view full story) Published 3/25/2011

At Issue: Reading, writing, arithmetic redo
Growing academic remediation rate troubles lawmakers
(view full story) Published 2/11/2011

Minnesota Index: Higher education
Figures and statistics on higher education in Minnesota
(view full story) Published 1/21/2011