The key action corporate leaders can take to improve higher education is to advocate for state-level policies that provide incentives for boosting productivity and that remove barriers to innovation, according to a report released Monday by the Committee for Economic Development. The nonprofit business group called for a focus on "broad-access" institutions, particularly less selective public colleges, two-year institutions and for-profits, because those colleges face the biggest challenges in educating the American workforce. But change does not come from within, the report argues, so businesses must work with state policymakers to nudge colleges to adapt innovations. As for specific policies, the group called for statewide degree attainment goals and performance funding based on student outcomes, rather than inputs.
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