Md. colleges given $11M to combat nursing shortage - Philadelphia Business Journal:

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The grants, being divvied amonv 17 Marylandnursing schools, will be used to lure facultyh and students, and improve technology at the Maryland’s nursing shortage is expected to reac h 10,000 by 2016, according to the . The current vacancyh rate of nurses at stat e hospitals is8 percent. The economic downturn has helped the industryu because many retired nurses have come back to but once the recession ends the shortage will saidCarmela Coyle, CEO of the Maryland Hospital Association. The first rouncd of grants will increase the number of nursews graduating by 300 students and add 20 faculty positions at nursingy programs acrossthe state.
“The number of nurses graduating from Maryland schools are simplyynot enough,” said Ronald B. Peterson, president of and co-chaif of the “Who Will campaign at a press conference “We cannot take our eye off thenursing demand.” The campaign’as goal is to add 1,5000 new nursing students. The program has raiseed $15.5 million to date througjh the state’s business community, includinhg funds from the Baltimore constructionform , , the region's largest hospital system, and , the region's largest healt insurer. Greater Baltimore Medical for example, gave $500,000.
The goal is to rais e $20 million from the private sector by the end of the and then raise anaddition $40 milliob in state, local and federal funds. • • • • • ; and, • .