If Florida were a country, it would have the 15th largest economy in the world.
Florida’s economy is strong, and it has recovered from the COVID-19 pandemic faster than the U.S. economy and the economies of many other countries.
An increasingly technological and information-driven economy generally requires higher levels of educational achievement for both individual and community success. To sustain continued economic growth and competitiveness, Florida must maintain a workforce with the types of skills— trade and professional—that can attract high-wage, high-value industries.
As a result, overcoming the challenges that undermine educational achievement across Florida’s diverse population will be indispensable to individual, community, and state success. If all of Florida’s demographic groups achieved comparable levels of education and training beyond high school, the state would stand to benefit from improved employment rates, higher lifetime earnings, higher tax revenues, and lower expenditures on public assistance programs, among other fiscal and economic benefits.
A new Florida TaxWatch briefing, sponsored by the Florida College Access Network, examines educational achievement rates across Florida’s demographic populations in order to identify current achievement gaps, as well as the impacts of these gaps on Florida’s economy.
Visit FCAN’s “Research & Data” section to learn more and download the brief.