Education and Economic Development: Learning from Georgia’s Great Promise Program

I learned about this great program from the Federal Reserve Bank of Atlanta.

At face value, a community’s high school graduation rate may seem to be outside the scope of local economic development strategy. However, research shows this issue has been bearing on labor force participation rates and the economic vitality of communities. Indeed, both the rate of participation and quality of the local labor force are increasingly important in a firm’s decisions to remain or locate in a particular community.

Some communities have recognized this and have implemented programs that bring together the business and education sectors to improve students’ outcomes. The Great Promise Partnership program in Georgia is one such innovative program that works with youth at risk of not graduating to offer job experience and pay alongside academic credit and other life and soft skills.

Download the script:education and econ dev frba

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