From the article:
James Myall, a policy analyst at the Maine Center for Economic Policy, described the bill “as a promising initiative to start addressing these economic problems.”
“Of the approximately 33,000 Mainers who leave the state each year, almost half (48%) are either college students or college graduates,” he wrote. “And while some do return to the state (Maine actually has a slight net inflow of college graduates), it’s at a later stage in their life. The average age of college students and graduates leaving the state is 28, but the average age of a returning graduate is 38.6. That means Maine is missing out on a decade of productivity and tax revenue from these college graduates. LD 1834 could reduce this out ow of human capital, and encourage it to return sooner.”
Read the full article by MaineBiz here.