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The inaugural co-sponsorship of the program is a coup for the industry, coming from the Greater Houston Partnership and the Greater Houston Partnership Foundation, the philanthropic arm of the partnership, which is driven by civic leaders.
"It's the first time we've done it, but I think this is really a watershed moment," said John Powers, executive director of the Greater Houston Partnership. "We want to find out what will keep graduates in the city."
Last year, about 10 percent of new college graduates moved to Houston, but fewer than 4 percent of graduates from the University of Houston and Texas Southern University last year stayed here.
Houston, with more than 1.5 million residents, is one of the nation's most expensive places to live.
Like other areas, the city has been dealing with a wave of skilled-trades workers leaving in search of lower-cost housing.
And a big challenge is finding enough good jobs for new graduates. Houston ranks No. 8 in the nation for job growth.
"It's still a tough issue," said Anil Kumar, director of the Rice University Center for Houston's Future, which focuses on jobs.
In addition, he said, graduates are leaving the city, where income growth is slow.
That hurts the quality of the city's life and business climate, he said.
With the program, employers, community organizations and the schools can take an active role in recruiting, supporting and promoting new graduates, he said.
"We do a lot to foster economic development here, but we need to do more," Kumar said. "This is really a one-stop shop for employers and the graduate."
The program will aim to encourage the schools to have more job skills programs and to change the way they market graduates.
Darden Restaurants, the nation's second-largest casual dining company, which already has a University of Houston location, is planning to expand there and is one of the sponsors of the inaugural program.
The company also plans to hire graduates of the city's universities who meet the company's standards for skills and experience.
Susan Mahlstedt, executive director of the Greater Houston Partnership Foundation, said the organization hopes to make the 0b46394aab