Giving Compass’ Take:
• Building new schools can offer other opportunities besides education for communities, such as potential employment for families in need.
• What are some examples of schools that are successfully increasing economic opportunities for surrounding communities? How can donors get involved in localized efforts to capitalize on new schools?
• Here are six K-12 school districts to watch in 2019.
Building a new school can benefit a community in more ways than one. Sure, there’s the value of a new educational institution where students can take classes and graduate with their diplomas, but why wait years for that spanking new building to pay off?
There is a high correlation between educational attainment and family income. Families in which parents are part of the workforce are more likely to send their children to college than families in which parents are unemployed. Instead of celebrating construction of a new school only for what it will offer students, we should also see it as an opportunity for underemployed family members to improve their children’s schooling through employment.
Some construction jobs pay above local averages, presenting opportunities for the uplift of an entire community. For example, in New Orleans, the median hourly wage is $16.36 per hour; some construction jobs pay more than $20 per hour. Instead of waiting for years for a new construction to pay off, it’s time urban planners and education officials focus on investing in the community from the moment the first brick is laid.
Yes, one of the major reasons why we go to college is to get a job. But sometimes school and work are at the same place. What people need are opportunities; school construction offers opportunities in the short and long term.
Read the full article about new schools can build wealth by Andre Perry at The Hechinger Report.
K-12 Education is a complex topic, and others found these selections from the Impact Giving archive from Giving Compass to be good resources.
Looking for a way to get involved?
If you are looking for opportunities to learn and connect with others interested in the topic of Economic Dev, take a look at these events, galas, conferences and volunteering opportunities aggregated by Giving Compass.
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In addition to learning and connecting with others, taking action is a key step towards becoming an impact giver. If you are interested in giving with impact for Economic Dev take a look at these Giving Funds, Charitable Organizations or Projects.