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As leaders of economic growth and social reform within their locality, institutions must turn innate economic activity into strategic initiatives and audit intentional economic development programs to ensure inclusivity, accessibility, and equity. Read this insight for four strategies to support economic justice at your institution
COVID-19 has shined a spotlight on school districts’ increasing reliance on technology tools to meet their educational and administrative goals.
Impact of Biden’s “Made in All of America” plan on higher education economic recovery and development efforts
One of President-elect Biden’s most prominent campaign platforms was his “Made in All of America” plan—an economic plan that restores the emphasis on manufacturing while better incorporating new high-tech and advanced processes...Within each line of effort is a signal of opportunity for higher education institutions to better position themselves to receive federal funding. But to achieve this, institutions will have to rethink, sharpen, and execute on their economic recovery and development efforts.
Watch this two-minute video with EAB expert, David Attis, on how COVID-19 is changing university spending trends and how to think about cost-cutting
Facing an economic downturn and fierce competition for undergraduate enrollments, colleges and universities are looking for a silver lining: countercyclical enrollments. This tendency for enrollments to increase as the economy declines is well documented. But leadership at four-year institutions shouldn’t get their hopes up. Not every institution benefits equally from these additional students. The Great Recession had a far smaller impact on baccalaureate and graduate enrollments than it did on community colleges and vocational programs.
EAB’s Meacie Fairfax and Ed Venit discuss equity gaps in higher education and ways the pandemic and recent social unrest threaten to widen those gaps unless universities take swift action.
Although the financial impacts of COVID-19 on the fall 2020 term are uncertain, one thing for certain is institutions are planning for multiple scenarios of what their campus could look like in the future. In every scenario, budget shortfalls are expected. Use this four-tiered framework to help identify cost optimization opportunities.
To learn more about how higher education leaders are similarly seizing new strategic opportunities to thrive in a post-pandemic world, I sat down with EAB’s Senior Vice President of Research, Melanie Ho.