This summer, we reported that Kansas and Niagara Falls want young educated talent to move there so badly that they are offering to pay down your student loans. Brokelyn alum Jennifer Holder, reporting for Wise Bread, found a few additional, unconventional areas around the country that are offering similar incentives to attract fresh young minds. Before you balk, keep in mind that Brooklyn was one of those “unconventional places” not so long ago.
“Brain drain” is not a problem we face here at all, as Brooklyn is often the place where all the country’s young fertile minds wash up. Not so much for smaller cities such as Niagara Falls and states like Kansas, both which are facing a crippling lack of talent and young professionals. So to fix this, those places have taken to the municipal equivalent of paying for sex: both places are offering to pay down your student loans if you move and work there. Niagara will pay you $3,500 per year for the next two years; Kansas is offering to either waive income tax for up to five years or pay your student loans up to $15,000 if you agree to move to one of the “Rural Opportunity Zones” spread throughout the state, though it looks like none of them is in a major metro area. Sounds fun! (more…)
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