Economics of Education

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Economics of Education

The Economics of Education briefing given to audiences around the state presents some eye-opening information. Check the left side of this page for the latest briefings and the complete PowerPoints presented to audiences.

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.

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 in the booklet's production. Additionally, we are grateful and proud of the support provided by Lockheed Martin Aeronautics Co.  Hard copies have been exhausted. 

The Economics of Education 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.

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.  For more information or to schedule a briefing, contact the Georgia Partnership.  See below for a list of some of the organizations that have hosted presentations.

More on the Economics of Education

What's ahead for Georgia's workforce?  What areas will need talent?  The Technical College System of Georgia has a web page specifically devoted to answering those questions AND there's a possibility of free tuition: Strategic Industries. Related story:  11 high-demand jobs you can get with two years or less of college. (May 24)

Educational attainment and economic success are closely related for individuals.  Is the same true for economies as a whole? A Recipe for Prosperity: The Quality of Education Standards and Economic Growth from the American Action Forum examines the links between state education standards and states’ long-term economic growth. (May 16) 

What is the "Graduation Effect"? The national high school grad rate is at an all time high, but one in five high school students fails to earn a high school diploma on time. Use the map provided by the Alliance for Excellent Education to see the economic potential of a 90 percent grad rate in Georgia. (May 4)

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. (December 2014)

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! (November 2014)

Here's another Economics of Education teaching point that was recently featured in an Atlanta Journal-Constitution story: (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." (July 2014)

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.

Briefing 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
East Central Georgia Consortium
Leadership Columbus
Leadership North Fulton
Leadership Southeast Georgia
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

Relating:

The Georgia Partnership also offers to work with communities to help them establish a plan to improve their schools.  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 - Troup, Forsyth, Bulloch, Henry Counties - to engage stakeholders and increase their awareness, advocacy, and support of school improvement efforts.

The Georgia Partnership facilitated planning and strategizing.  The tailored plans served as a step by step roadmap on how each group developed its strategy to improve education.  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.


ead more here: www.macon.com/2014/05/31/3126198/one-macon-targets-jobs-education.html