Education Plays a Crucial Role in Economic Curriculum

Tammy Worth:

Bob Marcusse calls the link between education and economic development a virtuous circle -- good educational programs attract new business, which leads to more financing for schools, which attract more people to an area to work at those companies.

"We and (educators) clearly understand the symbiotic relationship between education and economic development," said Marcusse, CEO of the Kansas City Area Development Council.

Educational resources act as an economic driver in numerous ways. Schools are obviously responsible for producing the work force in any given area, but they also help recruit businesses and residents, foster research that can generate money and spawn new business, and directly funnel money back into the economy through building projects and tourism dollars.

Tax base expansion (as opposed to tax rate increases) is a good idea.

Related: Money Magazine Puts City on Notice:

Back in 1996, Money credited Madison schools for high test scores and parent satisfaction. But this week, Money cited Madison for below average test scores in math. Reading scores also fell behind cities on the list.

Madison 's property taxes weren 't mentioned as a problem back in 1996. But this week, Money listed them as $600 higher than the average city on its list.

Best Places to Live, 2008.

Posted by Jim Zellmer at July 18, 2008 5:33 AM
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