The Economic Benefits From Halving The Dropout Rate: A Boom To Businesses In The Nation’s Largest Metropolitan Areas

Alliance for Excellent Education:

Few people realize the impact that high school dropouts have on a community’s economic, social, and civic health.
Business owners and residents–in particular, those without school-aged children–may not be aware that they have much at stake in the success of their local high schools.
Indeed, everyone–from car dealers and realtors to bank managers and local business owners–benefits when more students graduate from high school.
Nationally, more than seven thousand students become dropouts every school day. That adds up to almost 1.3 million students annually who will not graduate from high school with their peers as scheduled. In addition to the moral imperative to provide every student with an equal opportunity to pursue the American dream, there is also an economic argument for helping more students graduate from high school.
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 (the Alliance), with the generous support of State Farm®, analyzed the local economies of the nation’s fifty largest 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 each of these metro regions.