RIPPAC Internship Guide - Summer 2021

 Name of Company / Association / Organization New Jersey Economic Development Authority: Office of Economic Transformation

Internship Coordinator

Coordinator’s Phone / Email  

Location of Main Office Trenton, NJ (Internship is for Commercialization Center for Innovative Technologies (CCIT) in North Brunswick/Remote)

# of Summer 2020 Interns Accepted

Where will the internship be done?

In the main office      

Remotely (student works from home)      X  

Combination of Remote & In-Office

Dates / Length of Summer Internship June 1 thruogh August 10

Required Hours/Week Full Time

Is there some type of salary or stipend?   Yes

If so, how much? $15 - $16/hour

What is the application process?  (please include deadlines and other requirements.  Attach additional pages if needed) 

Job Description

Apply here.

Intern work areas:           Clerical                Research             Errands                Organizing   

Please explain the work that will be required of the intern: 

Essential Duties and Responsibilities

• Reviews training documentation on legislatively created incentive programs and participates in training exercises to gain familiarity of program requirements
• Reviews applications through analysis of financial statements, company structure, employment logs, intellectual property, and other pertinent company documents to ensure applicants comply with minimum eligibility criteria
• Collaborates with assigned Officer to discuss application status and list deficiencies in the NOL application checklist
• Works with NOL Program Lead to coordinate follow-up with NOL consultants and Direct Applicants on missing items and/or clarifications pertaining to the NOL applications
• Researches the geographic location of prior awardees under the NOL program to assure they have maintained a New Jersey presence for five years after receiving a NOL award. If a breach of the requirement is identified, the intern will work with the Program Captain in calculating a clawback penalty payment.   
• Learns and utilizes the EDA’s Customer Relationship Management (CRM) database per departmental standards including populating key application data in various CRM records
• Participates in ancillary training on other technology-led economic development financing initiatives including Edison Innovation Venture Loans, Venture Fund Limited Partnership Investments, Collaborative Workspace Grants, and Equity Co-Investments in NJ based Tech Companies
• Reviews assigned Angel Tax Credit program applications for completeness and prepares Approval Packages for Director
• Reports progress in weekly team meetings
• Participates in business development meetings and or industry events as assigned/applicable
• Promotes teamwork and communication to encourage an interactive, cooperative, collaborative, and customer focused work environment among division, EDA staff, and external customers.
• Performs other duties as may be assigned

Required Skills and Abilities

• Advanced skills in research
• Ability to work with various excel spreadsheets and software applications
• Initiative and creativity
• Interest in start-ups and emerging technology businesses
• Ability to communicate effectively both verbally and in writing; proficient in grammar, spelling and editing; and foster communications with business professionals and EDA staff
• Ability to prioritize workload, be highly organized, detail-oriented, handle various tasks simultaneously, and work independently within limited time constraints with little or no supervision
• Must be able to maintain confidentiality and deal effectively and diplomatically with business professionals and EDA staff
• Demonstrate respectful behavior and promote teamwork and communication to encourage an interactive, cooperative, collaborative and customer focused work environment among division, EDA staff and external customers
• Proficient in Microsoft Office Suite and the ability to learn new software packages

Required Qualifications

• Must reside in New Jersey for the summer
• Preference for a student who attends a New Jersey domiciled College/University
• Must be available to work full time starting on June 1st and with very limited time off July 1st through August 10^th.
• Student in a bachelor’s degree program in statistics, accounting, finance, economics, economic development, and/or related field. Minimum GPA 3.0
• Must have completed 1^st Level Accounting Class, with the ability to read a GAAP prepared financial statement
• Strong analytical and research skills,
• Ability to think and work independently.
• Capable of handling a large workload
• Excellent written and oral communication skills,
• Proficiency in Word and Excel for Windows

Must be detail oriented and a team player

Will there be opportunities for the intern to observe: 

Internal strategy sessions?            Legislative sessions?                   Committee hearings? 

Is the intern expected to work evenings and weekends?  If so, please explain. 

Do you have any suggestions for the applicants? (Please use additional pages if necessary)