How Education Can Impact the Local and Regional Economy

Nov. 1, 2011 - PRLog -- The downturn in the economy, foreclosures, recessions, bankruptcies and failed businesses are a few factors that have affected the community at large. The economy has grown at a slow pace, but it still lingers at a recession level. Many social and business areas have been affected and the most important area, human capital, has been affected the most. With high unemployed rate and countless companies cutting cost, many people have lost their jobs and have been forced to go back to school to learn another occupation. Another area that has been affected is the education. Many high school and college students have been faced to sit out a year or more in order to save money to go back. Other students are competing for numerous scholarships in this tough economy. More students are applying for financial need and the resources are scares.

Therefore, it is important to demonstrate that education scholarships funds affect an economy in a positive way. The necessity of scholarship requires the understanding that education matters. Eduction contributes to the economic growth and social stability of any local or regional community.  According to the British Embassy, no country can achieve sustainable economic development without substantial investment in human capital. Education promotes several areas in the community such as people’s productivity, creativity, entrepreneurship and technological advances. Also, in order to impact social progress and improve income distribution, education plays a crucial impact in these areas. Education is key in progress and grow and business can make a big impact in the local and regional economy by investing in education funds or scholarships. In order to make a difference, there are many organization or events with a purpose to impact the lives of high school and college students. One of those organizations impacting the economy is the South Carolina Hispanic Chamber of Commerce (SCHCC). SCHCC has seen that education is crucial to impact the local and regional economy, but is looking for businesses and individuals to make a difference. This year, the Hispanic Chamber is organizing its 3rd annual corporate gala and the proceeds of the tickets go to fund the SCHCC Scholarship Education Funds with the sole purpose to help college and high school students either stay in school or fund their future education.

SCHCC Corporate Gala will be held November 12, 2011 at 6:00pm at the Embassy Suites in Greenville, South Carolina. If any business or individual is interested in investing for students brighter future, one can buy tickets or a table by calling 864-643-7261 or e-mail gala@schcc.org to reserve tickets.