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Commentary: The Economic Benefits of School Choice

By Lindsay Killen and Ella Bevis

Will this presidential election be the most important in American history?

Commentary by Lindsay Killen and Ella Bevis originally published by RealClearPolicy and RealClearWire

It’s back to school for Florida students and many others across the country this week. The first days and weeks of a new school year are always filled with anticipation, adjustments, transitions and growth for parents and students. Yet, this school year’s “firsts” for an expanding pool of families also includes the first time that their children will have the resources and freedom to enroll in the school of their choice. The short and long-term consequences of these new opportunities aren’t just experienced within the four walls of a home or school building, or by the families now empowered to pursue them – the impact of education choice stretches across communities and economies, helping to unleash prosperity and growth that benefits everyone.

Since 2021, eight states have passed universal or near-universal school choice programs, impacting over 13 million students nationwide – a growth of over 4 million in just two years.

Florida’s universal choice program was passed by the Florida Legislature on March 23rd and took effect in the Sunshine State on July 1, making this back-to-school week the first experience for many parents newly eligible to draw down approximately $8,000 per year to spend towards their children’s educations. To provide families an opportunity to pay for education costs ranging from tuition to school supplies, the legislation creates an Education Savings Account (ESA) program. An ESA can be used toward private school tuition, tutoring, or anything under the approved legislative umbrella.

With no restriction on families who can participate, certain areas become more populated than others, shepherding an influx of economic vitality to those localities. With school choice comes increased competition, encouraging businesses – especially small business entrepreneurs and real estate investors – to transform their development and growth strategies to cater to emerging markets, as families relocate to take advantage of expanded educational options.

Prior to the COVID-19 pandemic, introduced “School Scores” to its website, which allows potential buyers to access a school-ranking system based on letter grades ranging from A+ to D, calculated by state testing performance data available from public schools.

Indeed, businesses likewise consider tax rates, inflation, and supply and demand in deciding where to set up shop. They also consider access to high-performing schools for their employees, who place a high value on working close to quality schools for their children to attend.

Florida’s universal choice program has certainly set the national standard for how to respect families’ individual decisions about the schooling best for their children, but it’s also a model for other states looking to experience the economic boom that comes with incentivizing more people to “follow the money.”

Why does the economy benefit from school choice? Dr. Bartley Danielson, associate professor of finance and real estate at N.C. State University, emphasizes that school choice fosters community-wide economic prosperity. This allows families to remain in their dwellings, rather than feeling led to switch neighborhoods based on school districts. In turn, real estate becomes equally coveted across regions where school choice is implemented.

Virginia is an apt case study. As a state that offers very little parent choice in education outside the public system, the Old Dominion State has experienced rapid outward migration since the onset of COVID, which saw some schools in the state getting national attention for their infamous mask mandates and increasingly progressive curriculum.

From fall 2019 to fall 2021, public schools in Virginia saw a collective loss of over 46,000 students. On the list of states with greatest population decline, Virginia is now tenth – joining the likes of California, New York and much of the Northeast, all of which offer little to no educational options outside the public school system. Meanwhile, its neighbors of West Virginia, Tennessee, Kentucky and North Carolina are all net positive for migration, as are the other proximal Southern states of South Carolina, Georgia and Florida – with Tennessee, North Carolina, South Carolina, Georgia, and Florida being significantly so.

A feather in the cap of these rapidly growing states is the existence of steadily expanding school choice programs.

Beyond benefiting states’ economic livelihood, taxpayers across the states are also seeing savings as a result of these expanding programs. Out of 52 analyses on the fiscal impact of private school choice programs, 47 were found to generate overall savings for taxpayers. An additional study in 2018 found that school choice programs generated $12.4 to $28.3 billion in tax savings.

Expanding education choice options as widely as possible isn’t just good for the students who enroll in the programs. These programs encourage economic growth and competition between states looking to attract and retain small businesses, job growth, stable families and thriving communities. This year is just the beginning of realizing the potential – not just in our kids, but in our policy solutions.

Lindsay Killen is the Vice President of National Strategy at The James Madison Institute. Ella Bevis is the Assistant Director of Development at The James Madison Institute.

This article was originally published by RealClearPolicy and made available via RealClearWire.

Deneen Borelli

Deneen Borelli is the author of Blacklash: How Obama and the Left are Driving Americans to the Government Plantation. Deneen is a contributor with Newsmax Broadcasting. She is a former Fox News contributor and has appeared regularly on “Hannity,” “Fox & Friends,” “Your World with Neil Cavuto,” and “America’s Newsroom.” She has also appeared on Fox Business Network programs “Making Money with Charles Payne,” “The Evening Edit with Liz MacDonald,” and “Cavuto: Coast to Coast.” Previously, Deneen appeared on MSNBC, CNN, the BBC and C-SPAN. In addition to television, Deneen co-hosted radio programs on the SiriusXM Patriot channel with her husband Tom. Recently, Deneen co-hosted the Reigniting Liberty podcast with Tom. Deneen is a frequent speaker at political events, including the FreedomWorks 9.12.2009 March on D.C. which drew a crowd estimated at over 800,000 people. Deneen is also an Ambassador with, a social media platform that promotes free speech, and with the America First Policy Institute (AFPI) which advances policies that put Americans first. Deneen testified before the U.S. House of Representatives Committee on Natural Resources in May 2011 and before the Ohio House Public Utilities Committee in December 2011. Previously, Deneen was a host, Outreach Director with overseeing its outreach program, a Project 21 Senior Fellow, and Manager of Media Relations with the Congress of Racial Equality (CORE). Prior to joining CORE, Deneen worked at Philip Morris USA for 20 years. During her corporate career at Philip Morris she worked in various positions, her last as Project Management Coordinator in the Information Management department where she was responsible for the department’s mandated quality processes, communications, sales information and database management. Deneen began her Philip Morris career as a secretary and advanced to positions of increasing responsibilities. Deneen worked full-time and attended classes at night for 11 years to earn her B.A. in Managerial Marketing from Pace University, New York City. Deneen served on the Board of Trustees with The Opportunity Charter School in Harlem, New York. She appeared in educational videos for children, worked as a runway fashion model, and auditioned for television commercials. Her interests include ancient history, pistol target shooting, photography, and volunteering at her church. Deneen currently resides in Connecticut with her husband Tom.

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