Who Qualifies for STEM Opportunities in Maryland
GrantID: 11071
Grant Funding Amount Low: $10,000
Deadline: January 10, 2023
Grant Amount High: $10,000
Summary
Explore related grant categories to find additional funding opportunities aligned with this program:
Black, Indigenous, People of Color grants, College Scholarship grants, Education grants, Higher Education grants, Individual grants, Research & Evaluation grants.
Grant Overview
Priority Outcomes for Maryland's Scholarship Program
The Banking Institution's grant program aims to support students from underrepresented groups in Maryland who are pursuing full-time undergraduate studies in non-medical STEM or business-related fields. The priority outcomes for this grant program are closely tied to the state's economic development goals and demographic characteristics. Maryland's strong economy, driven by its proximity to Washington D.C. and the presence of major industries such as cybersecurity and biotechnology, creates a high demand for skilled workers in STEM fields.
Addressing Maryland's Workforce Needs
One of the primary outcomes targeted by this grant program is increasing the number of students from underrepresented groups who enter the workforce in STEM fields. According to the Maryland Department of Labor, the state faces a shortage of skilled workers in areas such as data science, artificial intelligence, and cybersecurity. By supporting students from underrepresented groups, this grant program aims to help address these workforce needs and promote diversity in Maryland's tech industry. The Maryland Department of Commerce is also actively involved in promoting the state's business environment and identifying opportunities for growth, which aligns with the goals of this grant program.
Fostering Economic Growth in Maryland's Regions
Another key outcome for this grant program is promoting economic growth in Maryland's regions. The state's diverse economy includes major hubs such as Montgomery County and Prince George's County, which are home to a growing number of tech companies and startups. By supporting students from these regions, this grant program aims to help foster a more diverse and inclusive economy. For example, Prince George's County has seen significant investment in its downtown areas, with new businesses and developments emerging. By providing scholarships to students from underrepresented groups in this region, the grant program can help ensure that the local workforce is equipped to support this growth.
The unique demographic feature of Maryland, with its mix of urban and suburban areas, also plays a role in shaping the priority outcomes for this grant program. The state's frontier counties, such as those in Western Maryland, face distinct economic challenges that this grant program can help address. By supporting students from these areas, the program can help promote economic development and reduce disparities in educational attainment.
Measuring Success
The success of this grant program will be measured in part by the number of students who receive scholarships and go on to complete their degrees in STEM fields. The Banking Institution will also track the career outcomes of scholarship recipients, including their employment rates and salaries. By monitoring these outcomes, the grant program can be refined and improved over time to better support the needs of Maryland's students and economy.
Q: What are the career outcomes that the Banking Institution tracks for scholarship recipients in Maryland? A: The Banking Institution tracks employment rates, salaries, and other career outcomes for scholarship recipients to measure the success of the grant program. Q: How does the grant program support economic growth in Maryland's regions, such as Prince George's County? A: By providing scholarships to students from underrepresented groups in these regions, the grant program helps ensure that the local workforce is equipped to support economic growth and development. Q: What is the role of the Maryland Department of Commerce in promoting the state's business environment, and how does it relate to this grant program? A: The Maryland Department of Commerce plays a key role in promoting the state's business environment and identifying opportunities for growth, which aligns with the goals of this grant program to support students pursuing STEM fields.
Eligible Regions
Interests
Eligible Requirements
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