Joe Cortright said: "The Talent Dividend is based upon the observation that there's a very strong correlation between the level of an areas education as measured by the percentage of the population with a four-year degree and the economic success of that region as measured by per capita economy." The focus for cities across the country is talent, and that's exactly the the topic of conversation for our week-long moderated forum featuring Joe Cortright. There are 57 cities competing for the Talent Dividend Prize (thanks to the Lumina and Kresge Foundations) with the end result being a chance to win the one million dollar prize. Yet, the prize is meant to light a fire under cities that will ultimately change the way they define talent and spur on lasting positive economic changes.
If we were to boost the number of college graduates by a single percentage point in cities nationtwide what do you think would happen? There would be a dramatic economic impact on cities. In Northeast Ohio, for example, it would be a $2.8 billion surge in their economy. If we take it one step further, the percentage of college graduates in a city account for 58% of a cities economic success if measured by per capita income. According to Joe Cortright it's quite simple: the more college degrees in a city means a more well educated city --which in turn means a more robust economy.
Our conversation with Joe Cortright will cover an array of topics, and we encourage you to pose new questions, challenge one another, support one another, and most importantly, learn from one another. We're going to discuss talent in your city and how it's defined on a broader level, metrics and benchmarks used to measure talent, and the talent dividend prize.
How do YOU define talent in your city? What percentage of your adult population has completed a four-year degree? Institutions are devising creative, thoughtful strategies and implementing highly effective initiatives to attract and retain talented people. How is your organization keeping talented college graduates at home? What's truly working in your city?