State Money Will Help Stop Brain Drain

Friday,  April 4, 2008 7:50 AM

Video
Columbus, Ohio - A new job stimulus plan from Ohio lawmakers is getting support from parts of the business community, particularly those who believe in spending to stop a "brain drain" in the state.  

Brian Peterson is an OSU Student from the Cincinnati area and hasn't decided where he wants to work

"If a great company like Intel from California calls..." he says.

Keeping Ohio students in Ohio is part of the 250 million internship plan announced by lawmakers this week.

Officials say the numbers show too many bright young minds depart after graduation:
         
 - 41% of Ohio's medical school graduates soon leave the state

 - 37% with advanced degrees like doctoral diplomas depart Ohio within a half year

 - According to the Ohio House, that number is 27% with bachelor's degree's.

So the Ohio Chamber of Commerce says beefing up internships and co-ops is invaluable to the  
future of the workforce.
 
"Ohio employers have positions, key positions, that currently are not being filled by anyone," Dan Navin of the Ohio Chamber of Commerce says.

The internship plan forces private companies to match dollar for dollar the state money they get, making it half billion dollar project.

House Speaker Jon Husted says, "We know if they work with ohio companies the chance they will stay is even greater"
  
Lawmakers hope the extra incentives will start summer of 09.

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