Virginia Talent + Opportunity Partnership Annual Progress Report (September 2025)

Summary

The Annual Progress Report of the Virginia Talent + Opportunity Partnership (V-TOP), dated September 2025, detailing initiatives implemented throughout fiscal year 2025. The executive summary states that § 2.2-2037 requires a jointly developed annual progress report delivered to the General Assembly, the Secretary of Education, and the Secretary of Labor by September 30. It states that V-TOP identified 45,572 students who participated in some type of internship. The report covers credit-bearing internships, matching grants, institutional grants, career readiness initiatives and future strategies, and states that the matching grants program supported 263 new student interns and engaged 248 new employers.

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Annual
Progress
Report
September 2025
Virginia Talent + Opportunity Partnership Annual Progress Report

Table of Contents
Table of Contents ..................................................................................... 1
Executive Summary .................................................................................. 2
Types of Internship Programs ................................................................... 4
Credit-Bearing Internships ......................................................................................... 4
Non-credit Internships Through the Matching Grants ................................................... 5
Institutional Grants .................................................................................................... 7
Career Readiness Initiatives ................................................................... 12
V-TOP Modules ........................................................................................................ 12
Virginia Intern Day: Top Employers for Interns ............................................................ 14
Mentorship Training for Employers and Students ........................................................ 15
Professional Development Scholarships for Institutions and Students ........................ 15
Future Strategies .................................................................................... 17
Expanding the Definition of Work-Based Learning (WBL) ............................................ 18
Why This Matters ..................................................................................................... 18

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Virginia Talent + Opportunity Partnership Annual Progress Report

Executive Summary
The purpose of the Virginia Talent + Opportunity Partnership (V-TOP) is to expand paid
and credit-bearing student internships and other work-based learning (WBL)
opportunities in collaboration with Virginia employers. The program includes institutional
grants and a statewide initiative to facilitate the readiness of students, employers and
institutions of higher education to participate in internship and other work-based learning
opportunities.

As enacted during the 2023 legislative session, § 2.2-2037 stipulates and requires:

The Virginia Department of Workforce Development and Advancement and the State
Council of Higher Education for Virginia shall jointly develop and implement strategies
and collaborate with employers and higher education institutions to grow and expand the
Innovative Internship Program established pursuant to § 23.1-903.4. The strategy shall
include key measures of success, and they shall jointly develop an annual progress report
that shall include information on the number of students placed in internship programs,
the type of internship programs, and the number and type of participating employers.
The report shall be delivered to the General Assembly, the Secretary of Education, and
the Secretary of Labor annually by September 30.

This annual report from the Innovative Internship Program and Fund, also known as the
Virginia Talent + Opportunity Partnership (V-TOP), details initiatives implemented
throughout fiscal year 2025 to fulfill the program’s purpose and goals. Initiatives include
institutional grants, matching grants and modules to develop internship and career
readiness for students, employers and institutions.

Through those initiatives, V-TOP was able to identify 45,572 students who participated in
some type of internship (e.g., credit-bearing, non-credit, zero-credit; see Table 1).

Table 1. Number of Students Identified as Participating in an Internship by V-TOP Initiative
Total Number of Students Identified as
Initiative Participating in an Internship
Credit-Bearing Data 24,092
Matching Grant 248
Data Collection Grant 16,339
Student Support Grant 659
Impact Grant 4,234

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Additionally, V-TOP experienced several successes in implementing initiatives throughout
fiscal year 2025, including:

• A 4.3% increase in credit-bearing internship participation in AY 23-24 compared
to the previous year (AY 22-23).

• Identified 5,314 students as completing a paid internship, with an average hourly
wage of $17.82.

• Supported 263 new student interns through the matching grants program, an
increase of 216% from FY 24.

• Engaged 248 new employers through the matching grants program, an increase
of 66% from FY 24.

• Administered 42 new grants to institutions through the Impact Grant to support
increasing internship opportunities in Virginia.

• Supported interns in the high-demand occupation areas of: Healthcare,
Information Technology and Production.

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Types of Internship Programs
Credit-Bearing Internships
Students in Virginia can participate in credit internships through their institutions, so that
students may receive course credit for their internship participation. Faculty or staff
members of record lead these courses in collaboration with employers. Two-year and
four-year public and nonprofit private institutions in Virginia who participate in TAG
submit course-level and student-level data to SCHEV annually. V-TOP works with the
SCHEV Policy Analytics team to identify internship courses using a course-type tag or title
that includes "internship" or a similar variation.

In AY 23-24, 24,092 students across 57 institutions participated in a credit-bearing
internship (See Figure 1). This was an increase of +4.28% from the previous academic
year (23,103).

Figure 1. Number of Students Enrolled in a Credit-Bearing Course by Academic Year

25,000
22,946 23,103 24,092
21,228
19,455
20,000

15,000

10,000

5,000

0
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024

Of the students participating, 58.9% were undergraduates and 41.1% were graduate
students. In addition, most of these students completed their credit-bearing internship in
the spring semester of AY 23-24 (40.9%).

A majority of the undergraduate students who completed credit-bearing internships were
seniors (68.1%), which is consistent with AY 22-23 findings. This finding is also consistent
with national data, which suggests that seniors are the most likely undergraduate year to

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complete an internship compared to other undergraduate years (Strada National Survey
of College Internships, 2023).

While credit-bearing internship data offers several insights into internship participation in
Virginia, there are limitations. One drawback is that information about employers,
industry-type or location of internship is not collected due to the current reporting
structure. However, institutions overwhelmingly report that credit-bearing internships are
the most reliable source of internship data when compared to non-credit opportunities.

Non-credit Internships Through the Matching Grants
V-TOP supported small to midsize employers of 150 or fewer with free recruitment and
hiring assistance, and through the matching funds program covered 50% of student
intern wages and subsidies, such as housing, transportation or clothing assistance. To
help support this initiative, VTOP contracted with iQuasar, a Northern Virginia company
with 18+ years of experience providing recruitment, IT solutions and digital marketing for
public and private small- and medium-sized businesses and government contractors. The
staffing agency’s support provides:

• A centralized system for tracking internship placement activities.
• Small businesses with hiring and recruitment assistance.
• A consistent cadence for processing student payroll.

Small businesses in Virginia that employ 250 or fewer personnel and that have limited-
to-no internal human-resource functions can receive assistance from the staffing agency
in recruiting and onboarding students for internship opportunities. In addition, Virginia-
based small businesses with 150 or fewer employees may be eligible for a matching
grant of 50% of a student's wage plus FICA and any subsidies, such as housing,
transportation, clothing or meal allowances. To qualify, a business must: (i) be registered
with the Virginia State Corporation Commission; (ii) be a non-profit or for-profit
organization; and (iii) complete a “Developing an Internship Program” training session.

During FY 25, 263 students across 41 institutions were hired as interns through the
matching grants program. These internships were non-credit, paid positions designed to
expand access to work-based learning opportunities, a 216% increase from the previous
year (FY 24), when 83 students were hired as an intern (see Figure 2).

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Virginia Talent + Opportunity Partnership Annual Progress Report

Figure 2. The Number of Students Hired as Interns Through the Matching Grants
increased by 216%
300
263
250

200

150

100 83
50

0
FY 24 FY 25

Participating Employers in Matching Grants Program
In addition to an increase in the number of students hired, the number of employers who
were approved to participate in the matching grants program, and those who hired an
intern increased in FY 25. About 248 employers went through the steps to become
eligible to participate in the matching grants program, representing an increase of 66%
from the previous year (See Figure 3). Out of those 248 employers, 129 hired an intern
in FY25.

Figure 3. The Number of Employers who Engaged in Matching Grants Increased by 66%
300
248
250

200
149
150

100

0
FY 24 FY 25

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Of the 129 employers who hired an intern in FY25, about 79% of them were a for-profit
business, with non-profit organizations comprising the remaining 21%. The industry type
of employers who hired through the matching grants varied.

The top industries were:

1. Consulting – Business
2. Economic Development
3. Non-Profit
4. Manufacturing
5. Food & Beverage

Outcomes from Matching Grants Program
On average, students who were hired as interns through the matching grants program
participated in their internship for about 3.6 months, or one semester. Of the 263
students who were hired in FY 25, 118 (or 44.8%) completed their internship during
summer 2025, 69 in the fall and 68 students in the spring semester. Additionally, 100%
of matching grant internships were paid, with students earning an average of $18.13 per
hour, well above Virginia’s minimum wage. Multiple students received pay increases over
the course of their internship.

Students and employers who participated in the Matching Grants program in FY 25 were
asked to complete a survey about their experience. The surveys were distributed in May
2025. In total, 28 students (out of 116 active interns) and 31 employers completed
surveys.

Both students and employers reported positive benefits from participating in the Matching
Grants program. About 78% or more of student interns shared that their understanding
of the industry, training they received and confidence in the workplace was above
average or higher after completing the internship. Over 50% of student interns said that
their internship helped them gain experience in communication, professionalism,
teamwork, career development and critical thinking. Over 85% of employers shared that
their intern’s skills at the end of the internship and contributions to the team were “above
average” or higher. Additionally, 90% of employers indicated they would consider hiring
their intern as a full-time employee.

Institutional Grants
V-TOP implemented various institutional grant programs to enhance data collection,
remove financial barriers for students and broaden access to internships and work-based
learning opportunities throughout Virginia. Institutional grants also helped to capture

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types of internships, which include credit-bearing, non-credit, zero-credit and other
transcriptable internships or work-based learning opportunities.

Data Collection Grant:
The data collection grant assisted institutions in collecting, compiling and reporting data
on students’ internships. Grant funds were distributed in FY 24, and the grant period
ended in FY 25. This one-time grant was only available to public institutions in Virginia.
Twelve public institutions received up to $100,000 each in V-TOP funding to support
collecting, compiling and reporting data on students’ internships.

The data collection grant provided funding to institutions to support data collection and
tracking of student internships on and off campus. As a result of the grant funding, 100%
of the 12 institutions created and implemented a tracking mechanism for student
internships.

Tracking mechanisms include:

• Career Works
• Symplicity
• Handshake
• Qualtrics surveys
• 12Twenty
• uConnect

Across the 11 institutions who reported, 16,339 students were identified as completing an
internship between February 2024 to February 2025. Of those internships, 5,051 were
identified as a paid internship, with an average pay rate of $17.90 per hour.

Half of the institutions were able to report on students who were offered full-time
employment through their internships. These students were graduating and interested in
gaining full-time employment. It was reported that 192 students became full-time
employees through their internships. This was about 33.1% of graduating students in the
sample gaining full-time employment through their internship.

Grantees also tracked their interactions with employers on campus. Across seven
institutions that reported, about 25,089 employers recruited students for internships at
their respective institutions.

Across the 10 institutions that reported, students completed their internships with
employers representing more than 59 industries. Most frequent industries that hosted
student interns across reporting institutions included:

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Virginia Talent + Opportunity Partnership Annual Progress Report

• Food & Beverage
• Government - Local, State & Federal
• Healthcare
• Manufacturing
• Information Technology

Grantees reported that one major success of the data collection grant was funding for
new positions, infrastructure and tracking mechanisms. Almost all the grantees had no
tracking mechanism in place to collect data on internships. The grant allowed for a
centralized approach to better under internships for some of the reporting institutions. For
other institutions, the foundation for a centralized approach has been built, but more
work is needed.

Student Support Grant:
The student support grant assisted students who experienced a barrier in completing or
participating in an internship. Grant funds were distributed in FY 24, and the grant
period ended in FY 25. This one-time grant was only available to public institutions in
Virginia. Twelve public institutions received $100,000 each in V-TOP funding to assist
students who experienced a funding barrier to complete their internship.

In the final report, institutions reported that from February 2024 through February 2025:

• The grant removed barriers for students, such as clothing, housing and
transportation.
• 659 students obtained an internship through grant assistance, earning an average
hourly wage of $17.66.
• 56 students became full-time employees through an internship.

Many grantees reported that 100% of the funds went directly to supporting high-need
students, some of whom would not have been able to participate in an internship without
the help of the student support grant funds. One student who was supported by the grant
reported, “The grant funding is essentially and the only reason I was able to take this
internship opportunity in the first place. Had I not received funds, I would have had to
forgo this internship in favor of a job that was paid but provided no field/career
experience.”

Impact Grant:
This grant assisted institutions in developing and implementing coordinated plans to
expand internship and work-based learning participation. V-TOP offered several levels of
funding to institutions: Vision, Capacity-Building and Scaling. Funds for this grant were

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Virginia Talent + Opportunity Partnership Annual Progress Report

distributed in FY 25. The vision grant was open to public and four-year private, non-profit
institutions participating in the Tuition Assistance Grant (TAG) program. The capacity-
building grant was open to four-year public, four-year private, non-profit institutions who
already received a vision grant, and Richard Bland College. The scaling grant was open
to four-year public institutions. All grant levels were open to two-year public institutions
that are a part of the Virginia Community College System. This grant series will be
available again to institutions for application in November 2025.

In total, 42 institutions were awarded an impact grant to expand internship and work-
based learning participation. Two private institutions were awarded Vision Grants
($25,000 each), 14 public and private institutions were awarded the Capacity-Building
Grant (up to $150,000 each), and 3 public institutions were awarded the Scaling Grant
(up to $250,000 each). Additionally, the Virginia Community College System received
the Vision and Capacity-Building Grant (23 institutions).

Impact grant awardees reported in the interim report that from January 2024 through
July 2025:

• 4,234 students engaged in an internship (n = 16 reporting institutions).
• 622 students participated in a paid internship (n = 9 reporting institutions).
• 3,424 students engaged in a work-based learning activity (n = 12 reporting
institutions).
• 485 students became full-time employees through an internship (n = 7 reporting
institutions).
• Top five industries where students engaged in an internship:
o Healthcare
o Automotive
o Information Technology
o Consulting – Business
o Higher Education

In addition to tracking V-TOP standard metrics, grantees are using the Impact Grant
funds to:

• Hire key personnel to solely support student and employer engagement in
internships and work-based learning activities.
• Develop Internship Centers.
• Develop new credit-bearing internship courses.
• Provide professional development to staff and faculty.
• Develop or maintain employer and community partnerships.

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Virginia Talent + Opportunity Partnership Annual Progress Report

Regional Collaborative Grants:
This grant supports regional collaborative efforts to connect employers to students and
ensure the readiness of employers, students and institutions. This grant was available to
public institutions and higher education centers. Eight public institutions and one higher
education center received $125,000 each to engage employers and students across the
Commonwealth.

Across nine regions, 190 events were held to engage employers, students and
institutions, and facilitate the readiness of those stakeholders in FY 25. These events were
intended to connect regional employers to students, create networking opportunities and
promote work-based learning in the region.

Each region also maintained a stakeholder group, hosting meetings between two to 11
times throughout the year. Major accomplishments from regional stakeholder groups
included:

• Served as an advisory group; provided feedback, support, promoted events and
networked on behalf of regions.
• Helped plan or co-host V-TOP events.
• Created implementation plan for region.

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Virginia Talent + Opportunity Partnership Annual Progress Report

Career Readiness Initiatives
V-TOP Modules
To help promote the purpose of facilitating the readiness of students, employers and
institutions of higher education to participate in internship and work-based learning, V-
TOP developed and maintains free courses for students, employers and educators. Each
course contains modules that help each stakeholder prepare for or develop an internship
opportunity.

V-TOP offers several courses about internship readiness for employers, educators and
students:

Developing an Internship Program: Designed for employers, this course walks businesses
through how to host a successful internship program.

In total, there were approximately 1,352 individuals enrolled in the “Developing an
Internship Program” course. Of those enrolled, 886 identified as a business or
organization. Approximately 514 new businesses or organization enrolled in the
“Developing an Internship Program” course compared to FY 24. Course enrollment
increased approximately 138.2% compared to FY 24 enrollment (See Figure 4).

Figure 4. The Number of Employers who Enrolled in "Developing an Internship Program"
Course Increased by 138%
1000
886
800

600

400
372

200

0
FY 24 FY 25

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Virginia Talent + Opportunity Partnership Annual Progress Report

Becoming a Career Champion: Designed for educators, this course supports educators in
developing mentoring skills and practices to support students’ career success. The
“Career Champion” course for educators, faculty and staff launched in FY 25.
Throughout the year, 84 educators enrolled in the course. Some institutions have
integrated this resource into their training for staff.

Developing Career Readiness Skills: Designed for students, this course helps students prepare
for participating in an internship. Career Readiness has 2,481 students enrolled. Of
those enrolled, approximately 655 students are new users, which is a 35.9% enrollment
increase from FY 24 (See Figure 5). Multiple Virginia institutions integrated Career
Readiness courses into existing curriculums or an add-on resource for students.

Figure 5. The Number of Students who Enrolled in "Career Readiness" Course
Increased by 35%
3,000

2,481
2,500

2,000 1,826
1,500

1,000

500

0
FY 24 FY 25

Student Internship Toolkit: Also designed for students, this course covers how to create tools,
such as a resume, and realize strategies for seeking an internship. Student Toolkit, which
was launched in FY 24, has 645 students enrolled. Of those enrolled, 317 students are
new users, which is a 96.6% enrollment increase from FY 24 (See Figure 6).

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Virginia Talent + Opportunity Partnership Annual Progress Report

Figure 6. The Number of Students who Enrolled in "Internship Toolkit" Course Increased
by 96%
700 645
600

500

400
328
300

200

100

0
FY 24 FY 25

Stakeholders report benefiting from completing the modules, with one employer stating:
“The modules made us think about how to better define our program goals and develop
learning outcomes for the interns. The modules are essential whether you've previously
hosted interns or are entertaining the idea for the first time.”

V-TOP is working in FY 26 to collect additional outcomes related to completing modules.

Virginia Intern Day: Top Employers for Interns
Annually, V-TOP hosts Virginia Intern Day to celebrate Virginia interns and Virginia top
employers for interns. Top employers must be nominated and meet several criteria to be
recognized as a top employer for interns. These employers provide high-quality
internships to college students around the Commonwealth.

In FY 25, 215 employers were recognized as top employers for interns, an increase of
58% from FY24 (See Figure 7). Participation from Virginia employers has been steadily
increasing over the past four years, as the program continues to grow.

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Virginia Talent + Opportunity Partnership Annual Progress Report

Figure 7. The Number of Top Employers for Interns Recognized Increased by 58%
250
215
200

150 136
100
100

50 32

0
FY 22 FY 23 FY 24 FY 25

Top employers spanned the range of small (41.9%), mid-size (16.3%) and large
businesses (41.9%). The majority (63%) of top employers hosted interns for an average of
eight to 13 weeks, or the traditional length of a semester. Of the 215 top employers,
84% offered their intern a paid experience.

Top employers also offered benefits to their interns: 98% of top employers offered some
type of mentorship to interns; 100% offered some type of perk to interns (e.g., volunteer
opportunities, meetings with senior leadership, team lunches); and 65% of top employers
offered some type of benefit to interns (e.g., paid volunteer or service learning time, paid
time off, 401k contribution, paid sick leave).

Mentorship Training for Employers and Students
V-TOP partnered with Mentor Virginia to offer free training sessions to businesses and
students to help them learn more about mentorship. The Mentor Virginia training
sessions were designed to promote internship and career readiness for students,
employers and educators throughout Virginia. In the training, employers learned “to
expand the web of quality relationship support and social capital that students need.”

In total, 63 mentor training sessions were held in FY 25, with 944 participants across the
sessions.

Professional Development Scholarships for Institutions and Students
Scholarships for professional development were offered to professionals whose career
involves connecting students, institutions of higher education and employers with the goal

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Virginia Talent + Opportunity Partnership Annual Progress Report

of expanding paid and credit-bearing internship and other work-based learning
opportunities. It also awarded scholarships to graduate students majoring in Education,
Counseling/School Psychology, Human Services/Social Work or Human Resources,
preparing for careers that enhance work-based learning opportunities for students.

In FY 25, 16 educators were awarded professional development scholarships to support
career professionals who work to increase work-based learning opportunities for
students.

Educators were able to attend various conferences and summits to develop new network
connections, access current recruitment and hiring trends, and learn and share best
practices. Educators attended professional development events including the Virginia
Association of Colleges and Employers Conference, the National Association of Colleges
and Employers Conference and the Eastern Associate of Colleges and Employers
Conference.

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Virginia Talent + Opportunity Partnership Annual Progress Report

Future Strategies
Virginia’s 2025 budget amendments made several adjustments to the Innovative
Internship Fund and Program (the Virginia Talent + Opportunity Partnership). The budget
language reads:

…In furtherance of the goal of providing all postsecondary students in Virginia with one or
more paid internships during their undergraduate course of study, funding shall be used
for: (a) institutional grants to enhance engagement with employers related to internship
placement and to assist students in securing and successfully completing internships,
including students that traditionally do not participate in such programs; (b) administrative
and other expenditures to accomplish the purposes of the Innovative Internship Fund and
Program and this paragraph.

The budget language also directs funds from the State Council of Higher Education for
Virginia (SCHEV) to the Virginia Economic Development Partnership (VEDP) to manage
and oversee the matching grants program. SCHEV and VEDP have worked closely
together to develop an MOU and begin transitioning the program.

In addition to the direction to provide institutional grants to support initiatives, the budget
language also reads that:

…the Council shall (i) engage stakeholders from business and industry, secondary and
higher education, economic development, and state agencies and entities that are
successfully engaging employers or successfully operating internship programs; (ii)
cooperate with the Virginia Economic Development Partnership and identified partners in
carrying out the authority's responsibilities under Item 113.T for employer-focused
activities that expand availability of and access to paid and credit-bearing internships and
corresponding pathways leading to full-time Virginia-based employment; (iii) explore
strategies in Virginia and elsewhere on successful institutional, regional, statewide or
sector-based internship programs; (iv) gather and report consistent data across institutions
regarding current institutional internship practices, scale, and outcomes; (v) develop
internship readiness educational resources, delivery methods, and outreach and
awareness activities for students and institutional career development personnel; and (vi)
pursue shared services or other efficiency initiatives, including technological solutions.

The focus of FY 26 for SCHEV and V-TOP has been on issuing institutional grants, such
as the Impact Grant series and the Institution-led Regional Partners grant. These grants
will help facilitate the increase and access to paid and credit-bearing internships and
other work-based learning activities. SCHEV and V-TOP are also capitalizing on the

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grants to increase the use of internship readiness educational resources, such as the
V-TOP modules for students, employers and institutions.

Expanding the Definition of Work-Based Learning (WBL)
SCHEV and the Virginia Talent + Opportunity Partnership (V-TOP) are expanding the
definition of work-based learning to better address the needs and goals of today’s
students. Traditionally, work-based learning has primarily focused on internships.
However, SCHEV and V-TOP now promote a variety of strategies, including internships
and “high-impact, low-lift” approaches, that integrate career development in more
flexible and accessible formats for all students in Virginia. These strategies include:

• Micro-internships – short-term, paid professional projects that deliver real-world
experience in a flexible format.
• Project-based learning involves classroom-embedded projects where students
solve real-world problems, thereby building job-ready skills such as
communication and problem-solving.
• Transformed work-study jobs – on-campus roles redesigned to include career-
relevant tasks and structured professional development.

Why This Matters
Expanding work-based learning options allows more students to gain meaningful
experiences without the barriers associated with traditional internships. According to a
national survey, “97% of business leaders advocate for the expansion of work-based
learning opportunities in colleges and universities” (Northeastern University). These
strategies also promote equity and skill-building: over 80% of micro-internships hosted
through Parker Dewey are completed by students from underrepresented backgrounds,
and project-based learning has been shown to create “long-term, positive impacts
enhancing key skills such as communication, cultural awareness, confidence, and self-
efficacy” (University of Massachusetts Donahue Institute). Additionally, work-study jobs
are convenient, reduce commuting time and “help fund a student’s education while
building transferable skills that enhance a resume” (Indeed).

By diversifying and reframing work-based learning, SCHEV and V-TOP are creating more
pathways for students to connect their education with career opportunities.

V-TOP is also working closely with the V-TOP advisory board and the Virginia Office of
Education Economics to develop and refine program metrics. These metrics will be
finalized in FY 26 and will be reported in the next fiscal year.

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SCHEV and V-TOP will continue to focus on legislation’s expectations and directives of
issuing institutional grants, providing internship readiness educational resources and
engaging stakeholders.

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