Education and Economic Development

July 15th, 1997
Article #203

Read an excerpt from this article below. You can download the full article by using the link at the end of the excerpt.

Quality education is critical to a community’s economic well-being. Businesses (especially those thriving in today’s information age) look for communities where they can find a high caliber work force.

The bottom line: quality education is important to cities and towns as they seek to attract, retain, and develop businesses.

Sometimes we act as though the money we spend for schools is a burden keeping our communities from prospering. In some places, local officials seem to think they’re better off sacrificing educational dollars in order to provide tax incentives to induce businesses to move to their city or town. In fact, education expenditures can be a community’s best investment in the future. …

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