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STEM-Based Economic Development Strategy

Of the $4.3 billion spent annually by the federal government on STEM education and training, only one-fifth goes towards supporting sub-bachelor’s level training, while twice as much supports bachelor’s or higher level-STEM careers.

Workers in STEM (science, technology, engineering, and math) fields play a direct role in driving economic growth. Yet, because of how the STEM economy has been defined, policymakers have mainly focused on supporting workers with at least a bachelor’s (BA) degree, overlooking a strong potential workforce of those with less education but substantial STEM skills.

By: Jonathan Rothwell

Full Story: http://www.brookings.edu/research/reports/2013/06/10-stem-economy-rothwell?goback=.gde_2164533_member_249911676

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