The Role of the Community in Ed-Reform: Part 1, The Business Role

Peyton R. Patterson, Chair of the Connecticut Council for Education Reform. Former President & CEO of New Alliance Bank.

We are fortunate to live in one of the wealthiest states in the country. However, we are here today because we also live in the state with the widest achievement gap in the country. This gap has an enormous impact on our state’s low-income students, 40% of whom do not graduate from high school in four years. Studies have shown that high school dropouts have an unemployment rate that is nearly two-and-a half times the rate for high school graduates. They also earn a mere 2/3 of the income of high school graduates, and each cost the state more than $500,000 in net fiscal lifetime benefits. These results are not acceptable outcomes for the state's students or their parents. They also do not bode well for Connecticut’s business and economic viability.