Recent research from the Federal Reserve Bank of Boston's New England Public Policy Center by Alicia Sasser Modestino (See here: http://www.bostonfed.org/economic/neppc/briefs/2013/briefs132.pdf
) builds on years of research which identify New England as a region with a low retention rate of talented college graduates relative to other regions of the country. These studies show that a primary cause is low awareness among students of the many job opportunities available to them in the region. Internships are a proven way to bridge this divide between student and employer communities. Using internships as a key talent retention tool, The Internship Collaborative is committed to strengthening New England’s economy and its workforce.
This recent research builds upon past research conducted by the Chamber and the Federal Reserve Bank of Boston including Alicia Sasser Modestino's report, "The Future of the Skilled Labor Force in New England: The Supply of Recent College Graduates," (see here: http://www.bostonfed.org/economic/neppc/researchreports/2008/rr0801.htm) confirms the need for such an internship initiative as a student retention tool.
Recent Chamber and Mercer studies also indicate that increasing the number and retention rate of highly skilled workers is critical to Greater Boston’s economic growth. High-value, work-based internships can be an excellent vehicle for achieving this goal.