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GCPS TO PARTICIPATE IN AN ECONOMIC IMPACT STUDY

Last Updated on Dec 16, 2014 at 3:57pm | Public Information Office

The Garrett County Board of Education voted at the December 10, 2014, Board Meeting to participate in a comprehensive economic impact study of the public school systems in the western region of Maryland.  The decision, supported by a 3-2 vote from the Board, clears the way for The Business, Economic, and Community Outreach Network or BEACON, of the Franklin P. Perdue School of Business at Salisbury University to conduct the study on behalf of the school systems of Garrett, Allegany, Washington, Frederick, and Carroll counties.  The BEACON group has performed similar studies for the nine school districts that make up the Eastern Shore of Maryland Educational Consortium as well as a study of the Economic Impact of Anne Arundel public schools.  These studies outline the value of education and the impact of the school systems on the local economy, as well as other positive impacts that result from a strong school system. 

The western region study will delve into the economic and employment impact estimates of each of the five school systems individually, as well as the region as the western region collectively.  The following areas will be considered:
         a.      Operating budget impacts
         b.      Capital budget impacts
         c.      Social impacts
         d.      Economic development impacts
 
Also included in the scope of work is an Interactive Impact Scenario Analysis for different scenarios (“What If?” analysis) and the economic development impacts.  
 
The study will culminate in a detailed report of all findings from the county-level and regional analysis. The project will begin early January 2015 and a final draft of the report is expected to be available the end of March 2015.