If Talent Dividend: The Chattanooga Way can encourage growth in the number of post-secondary degree residents living in the region, the city could win up to $1 million, not counting the millions that would generate for households and, thus, the local economy.
John Schaerer is the Chattanooga liaison for Talent Dividend: The Chattanooga Way, which could win the city $1 million by helping increase the number of post-secondary degree residents living in the region.“We all benefit from a higher educated citizenry,” said John Schaerer, Talent Dividend liaison for Chattanooga. By increasing the number of post-secondary degrees in the area, more than $320 million can potentially be generated annually, he said.
He said higher education levels generally lead to a higher salary, more career advancements and an increased ability to focus on health and well-being.
The Lumina Foundation is offering a $1 million prize for the Talent Dividend chapter that is able to increase the number of people per capita who achieve post-secondary degrees by the end of 2013. Schaerer is helping organize a formal organization dedicated to this, which he said will be up and fully running by fall. The group will focus on six different populations: residents 18 and older with special needs, employed residents without a post-secondary degree, unemployed residents without a degree, new residents in the region, veterans and college students just out of high school.
“Right now, approximately half of the people that enter college do not complete their degree in six years at a four-year institution,” Schaerer said. “Even within six years you are finding less than 50 percent that finish. That’s an unacceptable dropout rate. There are over 55,000 people in Hamilton County and neighboring counties who have at least one year of college, but haven’t completed a degree.”