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Increasing economic productivity
Economic Productivity “Ultimately, an investment
in early education yields lower criminal justice system costs, savings for crime
victims, and savings on school remedial services budgets”
“The economy’s long-term health is dependent on having a skilled labor force.
The education system is central to the development of skills and human capital,
a fact long recognized by parents, policymakers, and educators.”
- For every dollar spent on early education, the investment returns $7
- As a large employer and purchaser, the school system controls a substantial
amount of the community’s money
- The school’s classes and facilities are valuable resources for community
education and training needs
- School / Community economic development is proving a viable way to serve the
school’s primary purpose of student education while strengthening the local
economy
- A society with a more educated labor force can also expect faster economic
growth even if the returns may not be discernible for many years
- A recent study by USA Today concluded that a house in a high-quality school
district is likely to be worth at least 10% more than a similar house (even
right across the street) in a lower-rated school district
- A 10% increase in marginalized test scores equates to an increase anywhere
between 2.6% - 10% in home values.
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