Manchester, NH – As a part of Stay Work Play’s Challenge Grant Program, the organization has leveraged $8,000 in grant funds from NH EPSCoR to help pay back New Hampshire studentloan debt. There are fourteen employees from five different companies who benefited from this program including Dyn in Manchester, GYK Antler in Manchester, Paragon Digital in Keene, Profit Tools in Lee, and Website Publicity in Peterborough.
“When we first heard about Stay Work Play’s Challenge Grant Program we couldn’t wait to get involved,” said Travis York, Chairman, President & CEO of GYK Antler. “It’s not only a great benefit that helps us attract and retain talent, it’s also another way we can help our employees out. This program is important to us because it shows our employees that we are dedicated to them and to their success.”
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 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.
“As a mother of three who have benefited greatly from the community and educational institutions of New Hampshire, and the employer of a half-dozen area college graduates, I have seen firsthand great home grown talent and professionalism” commented Susan O’Neil, CEO and Founder of Website Publicity. “I want these young people to come to work here in New Hampshire to help us all grow and compete - and not dash across the border. That’s why Website Publicity participates in the Challenge Grant and supports our most recent college graduate/employee in paying back her federal loans. It’s putting money where our mouths are.”
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 or to become a participating organization, visit http://www.stayworkplay.org/challengegrant
Partial support for this program is provided by a grant to NH EPSCoR from the National Science Foundation, award # EPS-1101245. No federal funds are used in the payment of student loans.
About Stay Work Play: Stay Work Play is a 501(c)3 non-profit organization whose mission is “To work collaboratively across New Hampshire to support ongoing economic, workforce, and community development by promoting the state as a favorable place for young workers and recent college graduates to stay, work and play, when considering employment and lifestyle opportunities.” Additional information on the organization can be found on the website, www.stayworkplay.org or by contacting Executive Director, Kate Luczko, email@example.com .
About NH EPSCoR: NH EPSCoR – Linking Education, Research and Economic Development – is supported an award from the National Science Foundation to build capacity in research and education in science, engineering, mathematics and technology necessary for a highly skilled state workforce. Additional information can be found on the website, nhepscor.org , or by contacting theCommunication Manager, Evelyn Jones, firstname.lastname@example.org