From NJ Spotlight on Jan. 17, 2017: “… Also supporting the spending was the New Jersey Business & Industry Association, a business lobbying group that has raised concerns in recent years about the state losing too many of its college students to other states. A NJBIA study of outmigration trends that was released last year showed a net loss of 57,566 New Jersey residents between the ages of 18 and 34 in the 2007 to 2014 period. The study also revealed millennials were leaving New Jersey at higher rates than any other age group.
Michele Siekerka, NJBIA’s president and chief executive officer, said New Jersey taxpayers are already making a huge investment in education at the K-12 level, so it makes sense to try to keep them in the state when they move on to college. Students often do not return to New Jersey after leaving the state for college and the loss of millennials is also suspected to have an impact on the state economy since they’re one of the most sought after groups by major companies when they look to expand.
“The higher-education bond-issue funds will enable our students to have the learning opportunities that are better than or equal to those offered by any other state,” Siekerka said. “We must reverse the trend where large numbers of our high school graduates attending college leave New Jersey to continue their education.”
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