Jacksonville, Florida, is one of 45 metro areas across the U.S. included in an Alliance for Excellent Education analysis that looked at the far-reaching impacts of cutting the high school dropout rate in half. The analysis uses an economic model developed by EMSI.
Jacksonville and its estimated 7,700 dropouts in the class of 2008 were the subject of an article in today’s Jacksonville Daily Record. The Northeast Florida city is hosting a Graduation Now event on Wednesday, sponsored by the United Way and America’s Promise Alliance.
“We hear about the economy, TARP and auto companies’ bailouts. Bailouts are important, but cutting the dropout rate will get you a far greater return,” said Bob Wise, president of the Alliance since 2005 and former governor of West Virginia. TARP is the federal Troubled Asset Relief Program to shore up troubled financial institutions.
“We should be doing this not only because it is the right thing to do, but is the right thing to do economically,” he said.