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Second, Massachusetts has failed to protect its position by making the key investments and policy choices the new economy demands.
But now the Commonwealth finds itself at a moment of widespread agreement about both the need to take action and the single most important strategy for securing our competitive advantage: strengthening public higher education. Leaders in business and industry, elected officials, and families from Boston to Barnstable to the Berkshires are calling for increased support for a public-sector engine with the capacity to propel the state’s Economy forward—and to sustain that momentum. To become a stronger knowledge based economy, Massachusetts must take bold steps to increase the skills and build the credentials of its workforce.
The National Center for Public Policy and Higher Education, based in San Jose, California, reported recently: “Increasing the number of college graduates is more than an educational issue; it is also a key social issue. Residents holding college degrees are the basis of a state’s ‘educational capital.’ High levels of educational capital provide the foundation of a state’s economic development and the preferred quality of life for its residents (Policy Alert, Measuring Up, 2000, 2002).”
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