NEWS
McDonnell Highlights Importance of Higher Ed in Inaugural Address
The Washington Examiner
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"And let us recognize that a high school degree is no longer the finish line in a global economy. We must create affordable new pathways to earning a college degree and make a commitment to confer 100,000 additional degrees over the next 15 years. We must make our community colleges national leaders in workforce development and career training.These are investments that will pay individual and societal dividends for many years to come."
College: Degrees of Success
Richmond Times-Dispatch
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"According to the Weldon Cooper Center for Public Service at UVa, every dollar invested in the commonwealth's colleges and universities creates more than $13 in economic activity -- and $1.39 in state tax revenue. Few -- if any -- government expenditures result in a 40 percent return on investment. The institute estimates that an additional 70,000 college degrees awarded by 2020 would create $16 billion in increased personal income for Virginians, and an additional $1.9 billion in state revenue. In the not-so-long-run, higher education more than pays for itself."
Bolstering college access
Virginia Tech Magazine
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"There is clear evidence of the links between advanced education and a state or nation's economic competitiveness and between knowledge creation--the very product of research universities--and job or company creation. The best jobs go to the best workers. And those workers gravitate to colleges or communities built on innovation or advanced research. Today's challenges in energy, health care, life sciences, and the environment can be met only with qualified human capital. This is America's competitiveness edge."
Governor Elect McDonnells Plan for Higher Education
by Mark Hubbard
Tags: college, bob mcdonnell, community college, higher education
“My focus is our higher education system, but the subject is really much broader. It’s about the future of Virginia as a thriving community, a growing economy, and a place where people from diverse regions and backgrounds, with varied interests ad abilities, can live fulfilling, prosperous lives.”
Study: Higher education has major impact on Valley economy
The News Leader
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"A recently released study sanctioned by Grow by Degrees, a campaign of the Virginia Business Higher Education Council, provides an unprecedented look at the large impact of Virginia's public colleges, universities and community colleges on Virginia's economic output, job creation and state tax revenues. The study demonstrates that for every dollar the state spends on the public higher education system, it generates $13.31 of economic activity and $1.39 in increased tax revenues that flow back to the state."
Group meets to campaign for more college funding
SWVA Today
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"The study also found that public higher education in Southwest Virginia is responsible for $4.755 billion in annual contribution to state’s gross domestic product, 20 percent of total GDP in Virginia attributed to higher education, 23,473 jobs created by higher education operations and $500 million in annual tax revenues generated for Virginia."
Higher Ed Touted
WSVA
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"The valley has higher education to thank for 10,000 + jobs and over 2.2 Billion dollars in Virginia Gross Domestic Product generated in Valley Region Higher Education Investment."
Hampton Roads colleges’ boost to economy
The Virginian Pilot
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"Hampton Roads public colleges and universities have created more than 22,200 jobs and contributed $450 million in annual tax revenue to the state, according to a study released Thursday by the Virginia Business Higher Education Council."
Study finds local colleges provide region with thousands of jobs and millions in revenue
The Daily Press
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"According to a study conducted by the University of Virginia's Weldon Cooper Center for Public Service, the region's public colleges and universities are responsible for more than 22,000 jobs in the area, more than $4.3 billion in goods and services and more than $450 million in tax revenues annually. But state funding for higher education has been slashed over the past two years as Virginia struggles with a revenue shortfall. Colleges and universities have been hit four times in 24 months, cutting about 25 percent of their state funding at a time when record numbers of students are applying for admission and struggling to find ways to pay for college."
Higher Education: Virginia Is Innovating for Success
The Richmond Times Dispatch
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"In a period of diminished resources it is important to nourish those activities that will have lasting impact on the economic future of the state's citizens. The commonwealth's future will be shaped by our willingness to transform Virginia into one of the most highly educated states in the nation."