Biotech companies are looking for that swan...between three to five years. They can't find them. There are just not enough of them, so they have to create them. The student work placement program right now has a 98% satisfaction rate. One-third of employers said they wouldn't even have been able to create the job without the employer supports, including the wage subsidy as part of that. That's a very key component.
Since 70% of them have no human resources expertise, the wage subsidy alleviates the biggest pain they have, which is onboarding and training a brand new, green employee within the industry. This would simply not happen, let alone the connections my fellow witness was also talking about. The connections among academia are the source of the talent. That has been incredibly important. From our employers, more than 50% of the positions have continued after the subsidy ends.