Ohio is a great place for this kind of corporate gentrification. As a CMU grad, I know there was a collective desire to get students to stick around, but there was better lifestyle, more money, etc.. leaving after school and a fairly large number of us weren't from the area to begin with. Something like this can be a game changer for the region, plus, there will be dozens of additional companies that set up camp and start up there for support.
If it really works and the region supports it and leans in, all of the schools anywhere near by will step up their engineering programs.