New data shows how 90% graduation rate impacts STL economy
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Did you know that if the class of 2013 had an additional 5,350 graduates, the St. Louis region would have seen an estimated $72 million increase in annual earnings? That’s according to data released Tuesday morning from the Alliance for Excellent Education.
The St. Louis region was among more than 200 markets receiving data on how a high school diploma can impact a local and eventually national economy.
Among notable information about the impact of our region, if we had a 90 percent graduation rate in 2013, then St. Louis metro area would see:
- A $100 million increase in home sales
- 650 new jobs
- $11 million increase in federal tax revenue
- Increase of $52 million in annual spending
- An increase of $6.2 million in auto sales
Alliance for Excellent Education created an interactive website to gather more local information as well as showcase national trends and data. To learn more about other communities, visit their impact website.