Virginia's Smart Investment: Why Education Matters
Virginia stands out as a leader in education, a fact that has caught the attention of many. This year, CNBC ranked Virginia's education system as the best in the nation. This news was celebrated by business and education leaders who gathered in Richmond for the annual Education and Workforce Conference.
The Power of Education in Virginia's Economy
The event, organized by the Virginia Business Higher Education Council (VBHEC) and the Virginia Chamber of Commerce, highlighted the importance of education in driving the state's economy.
Virginia's colleges, universities, and community colleges are not just places for learning; they are powerhouses that fuel the state's economy. These institutions:
- Prepare students to enter the workforce, ready to take on leadership roles and drive innovation.
- Play a crucial role in attracting businesses to the state, giving Virginia a competitive edge.
Candidates' Commitment to Higher Education
The importance of education was not lost on the candidates for governor, Lt. Gov. Winsome Earle-Sears and former Congresswoman Abigail Spanberger. Both attended the conference and shared their plans for higher education. They acknowledged the vital role that higher education institutions play in:
- Creating job opportunities
- Expressing their commitment to making education affordable for all Virginians
The Economic Impact of Higher Education
The state's investment in higher education is paying off. Higher education institutions are:
- Major employers
- Catalysts for economic growth, producing more than 188,000 jobs statewide
- Generating more than $25 in economic output for every tax dollar spent
- Returning nearly $2 to the state treasury for every tax dollar spent
This investment not only pays for itself but also benefits the students who gain access to well-paying jobs.
VBHEC's Investment Priorities
The Virginia Business Higher Education Council (VBHEC) has identified 27 investment priorities in four major categories:
- Talent Pathways and Internships
- Affordability and Return on Investment
- Innovation and Entrepreneurship
- Solving Problems and Strengthening Communities
These priorities aim to:
- Preserve Virginia's competitive advantage
- Ensure that talented young Virginians stay in the state for employment after graduation
- Give all Virginians affordable access to education
