Investing in the Next Generation: How Education Drives Colorado’S Economic Future
Total Page:16
File Type:pdf, Size:1020Kb
Investing In The Next Generation: How Education Drives Colorado’s Economic Future “Education is not only the foundation of opportunity and social equity – it is the infrastructure on which our economy is built.” John Hickenlooper Mayor City of Denver PEBC BOARD OF DIRECTORS George Adams U.S. Bank Hank Baker Forest City Stapleton, Inc. Ron Brady Colorado Education Association WHO WE ARE … Jim Christensen Douglas County Schools Timothy P. Connors The Public Education & Business Coalition Pinyon Mortgage Corp. Monica Dodd Calhoun is a partnership of business and education TIAA-CREF Mary Fisher leaders joining forces to support and encourage Xcel Energy Dr. George Garcia excellence in Colorado’s public schools. Boulder Valley Schools William Gold III Goldbug Rollie Heath Ponderosa Industries, Inc. OUR MISSION … Joseph D. Hoffman Anthem Blue Cross & Blue Shield … is to cultivate excellence in public schools so Tom L. Konkel Stewart Title of Denver, Inc. all students succeed in learning and in life. John W. Low Sherman & Howard LLC Dr. Monte Moses Cherry Creek Schools John Nelson Wells Fargo, Retired WHAT WE DO … Dr. Rick O’Connell Douglas County Schools, Retired We accomplish our mission through Mark Pitchford Qwest Communications • front-line initiatives in Colorado schools that Charlotte Scarpella promote teacher quality, school leadership, Mapleton Public Schools and school reform Dr. Stan Scheer Littleton Public Schools George Sparks • policy initiatives promoting support for NorthStone Group LLC system-wide excellence in public schools Dr. Cynthia Stevenson Jefferson County Schools Joseph R. Swedish • collaborative partnerships between business Centura Health and education Danny Thompson State Farm Insurance Co. Robin Van Bergen Wells Fargo Dr. Jerome Wartgow Denver Public Schools Douglas L. Wooden Great-West Life & Annuity Insurance Co. ©2004 Public Education & Business Coalition For bulk copies of this report at cost, please call (303) 861-8661. Table of Contents EXECUTIVE SUMMARY ............................................................................. 4 THE ECONOMIC BENEFITS OF EDUCATION FOR INDIVIDUALS AND SOCIETY ............................................................... 7 THE ECONOMIC BENEFITS OF EDUCATION: EDUCATION AS A FORCE FOR ECONOMIC DEVELOPMENT .......................... 9 COLORADO’S ECONOMIC PICTURE—PAST AND FUTURE ................ 10 WHAT BUSINESS NEEDS: A HIGHLY QUALIFIED WORKFORCE ................................................ 12 WHAT BUSINESS NEEDS: A HIGH QUALITY OF LIFE TO ATTRACT KEY EMPLOYEES ............................................................. 14 WHAT BUSINESS NEEDS: PARTNERSHIP OPPORTUNITIES WITH HIGHER EDUCATION ............................................................ 15 WHAT BUSINESS NEEDS: STABLE COMMUNITIES .......................... 16 ASSESSING THE SITUATION: BUILDING ON OUR STRENGTHS AND ACKNOWLEDGING OUR CHALLENGES ..................................................... 17 THE FUTURE: TAKING STRATEGIC ACTION TO ENSURE A WORLD-CLASS EDUCATION SYSTEM IN COLORADO ........................................................ 24 Public Education & Business Coalition 1410 Grant Street, Suite A-101 • Denver, Colorado 80203 (303) 861-8661 • www.pebc.org For more information, visit our website at www.pebc.org, or call us at (303) 861-8661. OCTOBER 2004 • www.pebc.org 3 OCTOBER 2004 • www.pebc.org 3 Investing In The Next Generation: EXECUTIVE SUMMARY HOW EDUCATION DRIVES COLORADO’S ECONOMIC FUTURE What does education have to do with the Paying attention to the canaries in the economy? coal mine “It’s simple - The best way to grow our state and regional Strategic planning around education requires economies is to ensure the quality of our an assessment of our current situation. In greatest resource: our public schools. some ways, the state is doing well. We have good schools Thinking and acting strategically about the one of the most highly educated workforces quality of education in Colorado is essential to in the country. Many of our schools are are good for our economic future. If we can improve our performing very well, and our children tend schools to meet the needs of our economy and to score highly on national assessments business. We all provide opportunities to all students, we will compared to other states. We have numerous thrive. Neglect the quality of our schools, and public institutions of higher education. our economic advantages will begin to vanish. have an interest in But scratch beneath the surface, and there are We all have a stake in building a world-class troubling facts masked by these strengths – public education system in Colorado. making sure that our facts that demand our immediate attention if Education is directly linked to economic we are to maintain our competitive advantage. outcomes in a number of ways: schools are the best they ■ Our workforce is highly educated in ■ Educated individuals are more likely to large part because of the influx of highly can be for Colorado’s be employed and to earn more. They educated workers from other states, not contribute to the economy by spending because we have consistently educated all children. As business more money and paying more in taxes. of our own children to high levels. ■ As education levels rise, the costs of social Fact: The college-going rate for our students is lower than the national leaders, we must commit programs go down. Higher levels of education mean lower levels of spending average, and among the lowest in the on welfare, unemployment, health care, nation for low-income students. to giving our schools and criminal justice. ■ Graduation rates in our own high schools ■ Business relies on quality K-12 education are lower than most people think, the expertise, resources, and higher education institutions to create disturbingly so for minority and low- a highly-qualified workforce that can serve income children. and long-term support the needs of a diverse economy. Fact: Less than 70% of our 9th graders ■ The condition of the local school system graduate from high school four years they need to meet our is a major quality-of-life consideration for later. relocating businesses and employees. In Fact: Less than half of our black and the New Economy, attracting and retaining Hispanic 9th graders will graduate. expectations for all individual talent is key to success. ■ Higher education provides specialized students.” training and essential partnership Joseph R. Swedish opportunities for business. President and CEO ■ Quality public schools stabilize Centura Health communities and increase housing values. 4 OCTOBER 2004 • www.pebc.org ■ Far too many of our children are not What does Colorado need to do next? ■ We must ensure that our teachers are reaching the levels of proficiency Educating all of our children well in well-prepared for the work of helping mandated by state and district today’s society is a complex endeavor, all children learn, and are supported standards. particularly when the challenges faced by quality professional development Fact: According to the most recent by education reflect back to us the throughout their careers. CSAP scores, just two-thirds of our challenges that exist in our society. As a ■ We must institute reforms in our middle 10th grade students read at grade result, building this world-class system and high schools to ensure that students level. will be hard work. It will take the long- stay engaged and graduate from high Fact: Black and Hispanic students term commitment of all of us – political school prepared for work or college. typically score around 30 percentage and community leaders, educators, ■ We must take steps to understand what points lower than Asian and white parents, and the business community – to is causing the achievement gap in our students, across grades and subjects. achieve success. There won’t be any easy schools and design targeted programs answers, but there are goals we need to ■ Our state colleges and universities to reduce the gap. have been left reeling by budget pursue consistently and relentlessly. ■ To accomplish our goals, we must cuts and risk losing not only their At the Public Education & Business be willing to invest in our children’s competitive quality but also their status Coalition, we believe that Colorado must schools. Education must be as publicly-funded institutions. act on the following strategic priorities to consistently and adequately funded Fact: We rank 48th in the country address the weaknesses in our education across all levels. for state appropriations to higher system: We are starting from a place of strength. education per $1000 of personal ■ All of our educational systems, from We are a wealthy, well-educated state income. preschool through post-secondary interested in maintaining and growing Fact: Our state universities are education, must be deliberately aligned our economic advantages. This provides warning that they may privatize by to achieve our goals. an excellent platform for recognizing the end of the decade. ■ We must continue to emphasize the our mutual goals and joining together to ■ Overall, we are doing education on the importance of standards, assessments, ensure our future prosperity by building cheap, with little money available to and accountability in ensuring high a world-class education system. But we invest in promising practices. achievement for all children. must not be lulled by past success. The Fact: We rank 48th in the country time for strategic action is now. for funding K-12 education