NFTE’s
Potential Role in the SC Economy
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In
2003, Dr. Michael Porter of Harvard University presented
his research on the state of the economy in South Carolina
and proposed an agenda for action composed of eight
competitiveness initiatives that would be necessary
in order to result in economic growth. |
NFTE is
the answer to several of his proposed initiatives
in the areas of enhancing education, increasing support
for start-ups and local firms, upgrading the local
business environment, and increasing prosperity in
disadvantaged sectors of SC.
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“I have spent 2
½ years in a major research effort concerning the
economic viability of the inner city. The problems in the
inner city are not there because of lack of effort. They
are there because we are using the wrong model…
the only way to solve the problems of the inner city is by
building an economic strategy… we need to create the
conditions to develop profitable businesses there. I cannot
imagine a more important and more leveraged thing that we
can do to benefit our inner cities than what NFTE is doing.
NFTE has the right model. NFTE is not a charity; it is an
investment that will have a return. We must support this
effort.”
- Dr. Michael E. Porter, Harvard University
Business School
Outcomes Study
In a partnership NFTE established with Michael
Nakkula, director of Project IF (Inventing the Future)
at Harvard University, an independent, longitudinal educational
outcomes study was conducted in 2001 –
2002 at two Boston Public High Schools to understand how
the NFTE program affects young people, the connection between
skills and attitudes, and larger life goals.
Harvard
Report 01-02.pdf
Study Findings
Findings reveal that while engaged in this
entrepreneurship program, the NFTE students:
· Increased their interest
in college by 32% (comparison group’s
interest declined by 17%)
· Increased their aspirations
for jobs that require more education by 44% (comparison
group increased by 10%)
· Expressed a 17% increase
in their interest in work and professional achievement
· Expressed a success
orientation, manifested in a 56% increase in their
"hopes and worries about future success" (comparison
group increased only 12%).
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