Midland stands at the epicenter of an economic phenomenon of global importance which has created an enormous opportunity for the area. With proactive efforts, Midland can prepare for the challenges ahead and ensure the opportunities associated with oil and gas and related activity benefit the full community.
A trained workforce is essential to growth in any economy. In the current environment of growing complexity in business operations of virtually all types, quality education is increasingly important from both the individual's and the employer's perspectives.
Midland stands at the epicenter of an economic phenomenon of global importance which has created an enormous opportunity for the area. With proactive efforts, Midland can prepare for the challenges ahead and ensure the opportunities associated with oil and gas and related activity benefit the full community.
Recent advances in the petroleum sector have led major analysts and energy companies to broadly anticipate expansive increases in Permian Basin production over the next few years. Much of this activity will be centered in the Midland area and the resulting growth will bring enormous potential benefits with profound implications for population growth and education. Proactive efforts to deal with issues and prepare for the coming growth can position the area to emerge stronger and more prosperous in the future.
Recent advances in the petroleum sector have led major analysts and energy companies to broadly anticipate expansive increases in Permian Basin production over the next few years. Much of this activity will be centered in the Midland area and the resulting growth will bring enormous potential benefits with profound implications for increasing the area's "quality of place." Proactive efforts to deal with issues and prepare for the coming growth can position the area to emerge stronger and more prosperous in the future.
Investing in public education has tremendous economic effects, in addition to promoting civic participation and volunteerism. This infographic summarizes updated results from The Cost and Benefits of an Excellent Education for all America's Children by Levin et al. and incorporates full effects including spinoff and productivity gains as calculated by The Perryman Group.
65.9% of the current school-age population in Texas belongs to Hispanic, Black, or Asian/other households which, when combined, only account for 11% of the state's household wealth. If we don't provide the needed resources, educational attainment in the state will trend downward and overall economic performance, opportunity, and standards of living will be eroded over time.
The Senate has wrapped up work on its version of the budget, and Dr. Perryman notes that it includes massive cuts in higher education. He is intrigued by how this budget is balanced.
Strip away the social issues that have dominated this legislative session to date, and Dr. Perryman says there is no more important issue facing lawmakers than education.
The Perryman Group found that every additional dollar the State spends for education returns about $49.