Smart Money: Education and Economic Development

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9781932066104: Smart Money: Education and Economic Development
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One of the principal challenges for states and localities is to find ways to promote more employment in high-value work. The evidence reviewed in Smart Money: Education and Economic Development demonstrates that high-quality education and workforce preparation, while not sufficient, is a necessary condition for meeting this challenge. Without high-quality school system or a pool of skilled workers, however, communities will have a difficult time becoming centers for high-value economic activity.

The study concludes that state policy makers can raise the rate of return on their economic development and education dollars by developing a 21st century tax base, terminating ineffective incentive programs, and spending available dollars on high-yield education programs.

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About the Author:

William Schweke is the research director for the Corporation for Enterprise Development (CFED); he is based in the organization’s Durham, N.C. office. CFED is a nonprofit organization that creates economic opportunity by helping the poor save, invest, succeed as entrepreneurs, and participate as contributors to and beneficiaries of the economy. The organization identifies and researches promising ideas, collaborates with the public and private sectors to test them, and helps drive the application and adoption of proven concepts. Established in 1979, CFED works nationally and internationally through its offices in Washington D.C., Durham, and San Francisco.

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William Schweke
Published by Economic Policy Institute (2004)
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