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Economic Effects of a Universal ESA Program in Texas
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Economic Effects of a Universal ESA Program in Texas

Education is important for a growing economy and a productive society. Education choice offers a policy that would not only improve the prospects of many Texas students, but it would also improve the state’s economy. Research has shown that universal school choice could increase Texas’ $1.7 trillion gross domestic product (GDP) by 17 percent to 30 percent over 25 years, or roughly $290 billion to $510 billion each year. If Texas boosted its student achievement to the level of Minnesota, which is the top ranking state in average test scores over the last two decades, then it could grow its GDP over the next 80 years by 199 percent above its current level.

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