To better understand the various economic benefits that a particular community could expect if it were to reduce its number of high school dropouts, the Alliance for Excellent Education, with generous support from State Farm®, analyzed the local economies of more than 220 U.S. cities and their surrounding areas. Using a sophisticated economic model developed by Economic Modeling Specialists Inc., an Idaho-based economics firm specializing in socioeconomic impact tools, the Alliance calculated economic projections tailored to these areas.
Throughout the month of April, the Alliance for Excellent Education will release its findings for these 220+ metro areas. These findings are in addition to findings for the nation and each state that the Alliance released last month. To learn more about the study and its implications for the nation as a whole, click on the short video to the right.
The new customized data provides an estimate of how many students dropped out from the Class of 2010 in featured metro areas and shows how cutting this number in half could create jobs, boost home and automobile sales, increase individuals’ earnings, raise spending and investment levels, support overall economic growth, increase local tax revenues; and grow human capital.
A complete list of the metro areas included in the study, as well as their scheduled date of release is available at https://all4ed.org/econ.