Grants aim to keep NH students in work force
June 29. 2012 8:30PM
MANCHESTER - New Hampshire is known for providing an excellent college education; however, college graduates in the Granite State are faced with the highest student loan debt (on average) in the country.
The new Stay Work Play Challenge Grant incentive program helps address this directly by showcasing New Hampshire employers who agree to contribute $8,000 to pay down college loans of newly hired graduates over the first four years of employment.
'The most essential business challenge is attracting and retaining the best talent,' said Gray Chynoweth, chief operating office at Dyn. 'Typically New Hampshire businesses are put at a disadvantage because of the generally lower wages as opposed to metropolitan areas and the large amount of debt New Hampshire students tend to come out of school with. This program helps New Hampshire businesses compete for talent. Companies that don't take advantage of this are missing a real opportunity.'
To remain competitive, businesses and organizations in New Hampshire need to be thinking about preserving our vibrant communities while simultaneously being proactive about recruiting more young professionals.
The Stay Work Play Challenge Grant incentive program is open to any company that employs individuals working in New Hampshire in an entry-level position. To be eligible, a student must be a graduate of a New Hampshire college or university within the past 18 months. Incentive awards are phased incrementally over four years totaling $8,000.
For more information go to stayworkplay.org/challengegrant