New Twist on Economic Development

The state of Maine has a new idea for economic development. Instead of - or in addition to - pumping money into businesses that may come to Maine (I have no clue about other economic development efforts up there), the state plans to offer college students assistance with paying their student loans.  NPR reports that the basic requirement is that the student have attended a college in Maine and then remain in Maine to work after graduation.

 

It's refreshing to see a state invest in people this way, instead of throwing all its money at businesses who probably don't need the cash quite as much.