Completing the topic of the "Cornerstones of Education", the Leader Telegram published the final installment of this series on July 9, 2007. The Voice of the People.
Invest in EducationThere has been a lot of talk within the Chippewa Valley business community recently of stopping “brain drain”. Brain drain is the loss of professionals in the creative class to other communities. This human capital flight of trained and talented individuals begins and ends with education. To create and develop human capital, high quality and well funded education resources need to be available in the community. The more a community invests in the education of the individuals who enter the community, the more the retention and return on investment. The Wisconsin Taxpayers Alliance presented a report that shows that the state of Wisconsin lost $4.7 billion in net worth from 1995 to 2000 because of brain drain. That’s money that will not be invested back into the community.
In the current budget crisis, there is talk of yet another referendum and another tax increase that will not even meet the current needs of the school district. Some have talked of changing public policy to allow for larger increases in the tax base. This will not happen over night. We need to be creative to find funding solutions. Otherwise we will never maintain our school district, let alone lead. A strong school district should have ties to the business community, each marketing the strengths of the other to foster growth for the city, district and financial sector.
When I was a resident of Minnesota, I was on the Early Childhood Family Education Board. Every year we fought for state funding for the effective birth-K education that was unique to the state. In the process I became aware of the Federal Reserve Bank of Minneapolis study on education and financial return to the community (
http://minneapolisfed.org/pubs/fedgaz/03-03/earlychild.cfm). I would like to highlight a section of this report- “Research has shown that investment in education brings a real (that is, inflation-adjusted) public return of 12 percent and a real total return, public and private, of 16 percent.” To strengthen the community, investment in education is the only solution. Any other investment is a zero sum return at best.
How do we invest in public education? A dedicated program would not come cheap, but if we invest in education and lift the whole community up, we will not need to increase the size of the jail or invest our tax dollars in other remedial ventures. With an endowment gathered from government and private sources, we could fund a high quality, targeted program that could develop “brain gain” for the Eau Claire community. Businesses can donate to support education (and hopefully expand it for birth to matriculation), using a non-profit model and create a foundation with dollars to support future generations.
“Brain gain” can also occur through the development of educational choice. Alternative education would provide a marketing tool for businesses to actively recruit creative class professionals with young children. Developing new options in the school district needs to occur; but until the current Charter schools are secure, established, fully funded and promoted by the school board and the school district progress cannot be made. The current group of parents and teachers at the existing Charter schools are the future investors in alternative education. They are the network that will grow the community, the district and the economy; if the rug is not pulled out from underneath them now.
Eau Claire has a chance, even in tough budgetary times, to make proper use of its limited public resources: Invest those resources where they can get the best possible public return, which is the correct way to evaluate economic development. Eau Claire’s community cannot wait for budgets to improve. Parents cannot wait for elected officials to understand the importance of alternative education choice. If there is no “brain” there can be no “drain”. A child’s mind under construction won’t wait.
Thank you.
Mark David Miller