Economics of Education

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Economics of Education

The Partnership, in cooperation with the Georgia Chamber of Commerce, first developed the popular report and briefing in late 2003 and has made more than 250 presentations since.  The briefing is constantly being updated.  It provides specific dollar and cents evidence that education is vitaly important to a community's prosperity. The fourth edition of the Economics of Education report is now available (see below). 

What exactly is the economics of education?  This story written for the Georgia Municipal Association explains it pretty well:  Defining the Economics of Education.

CEOs say skills gap threatens U.S. economic future. That's a sobering headline!  The Business Roundtable and Change the Equation conducted a survey and published this subsequent report: Closing America's Skills GapIntroduction.

Check this report!  The New York Federal Reserve report:  Are Recent College Graduates Finding Jobs? This is the latest report that underlines one the basic themes of the Georgia Partnership's Economics of Education program: Staying in school pays off!

Here's another Economics of Education teaching point that was recently featured in an Atlanta Journal-Constitution story by Mark Davis: (AJC story requires subscription)  Talk more to bridge language gap.  In our briefing we talk about the importance of early learning in a child's life and point out the impact of the vocabulary children are subjected to makes a difference later in their learning abilities.  Studies show there is a big disparity between professional, working class, and welfare families... seeds of the "achievement gap."

Check out this book that provides proof about the value of early education: From Preschool to Prosperity:  The Economic Payoff to Early Childhood Education. You can either order the book or get a free download here.

We have held four Regional Education and Workforce Development Summits since last September that highlight information found in the new report.  The first Summit was held in Valdosta followed by presentations in Atlanta, Calhoun and Newnan.  Others will be announced when details are available. Join our mailing list to be among the first to know when those events are scheduled. Here is more information on the Summits:

Read about the Region 4 Summit (Newnan - November 20) (The Citizen)
Second report from the Newnan Summit (Coweta Times-Herald)
Here is a relating good news story from Coweta County that underlines the success they are having:  Educational resources attracting new business to Coweta - Times-Herald (June 2014)

Here is the video of that meeting.

Read about the Economics of Education-4 (Georgia Public Broadcasting)

The 4th Edition of Economics of Education is available online.  Once again the Georgia Chamber of Commerce partnered with us. Additionally, we are proud to welcome the support of the Lockheed Martin Aeronautics Co. in the production of the publication.  Hard copies have been exhausted. 

The briefing emphasizes the strong link between economic prosperity and the state's/individual community's public education system.  Audiences comprised of business, government, education and community leaders get a first-hand look at how important education is.  Without a first class system, a community's workforce can't be properly trained enough to attract businesses.

One Economics of Education message is the impact of poverty on learning.  Here is an excellent article that underlines that very point: Evidence mounting that poverty causes lasting physical and mental health problems for children.

Attendance at briefings is always good and the response enthusiastic.  Audiences are urged to get involved in their local systems and advice on how to do that is provided.  The Georgia Partnership also offers to work with communities to help them establish a plan to improve their schools.  (For more information or to schedule a briefing, contact the Partnership.)

Audiences have included:

Georgia Municipal Association
Georgia Academy for Economic Development
University of West Georgia
Cushman and Wakefield
Certified Literate Community
Walton County Chamber of Commerce
Georgia Municipal Association's Mayor's Day
Region audiences - Education and Workforce Summits (Regions 1, 3, 4, and 11)
Dawson County Chamber of Commerce
Troup County Chamber of Commerce
Dunwoody Rotary Club
Bartow County Chamber of Commerce
Liberty County Chamber of Commerce
Leadership Columbus
Leadership North Fulton
Georgia Rotary Club, Literacy Conference
Washington County Chamber of Commerce
Georgia Academy for Economic Development (Several)
Camden County Rotary Club
Leadership Gwinnett
Macon Chamber of Commerce
Vidalia Kiwanis Club
Technology Association of Georgia
Leadership Haralson
Annual Georgia PTA Conference
Newnan-Coweta Chamber of Commerce
Paulding County Chamber of Commerce
Roswell Rotary Club
Multiple briefings presented at Education Policy Forums
Georgia Municipal Association
Leadership Southeast Georgia
Henry County Chamber of Commerce
Georgia Association of School Personnel Administrators


One community, after hearing the briefing, decided to form their own Economics of Education Committee that would focus on improving and supporting education.  Led by the local Elbert County Chamber of Commerce and the Community Partnership of Elbert County, citizens representing business, education, government and civic organizations, met to develop an Action Plan to guide their work.  Since that early work, the Georgia Partnership has worked with several communities to engage stakeholders and increase their awareness, advocacy, and support of school improvement efforts.

The Partnership facilitated this planning and strategizing.  The plan served as a step by step roadmap on how the group developed its strategy to improve education in Elbert County.  Here is the "The How To's of Community Planning" (second edition) brochure that is a snapshot of original work plus the community engagement process used in Troup County.  Hard copies of the brochure are available by contacting the Partnership.