The Educational Improvement Tax Credit program (EITC) offers businesses the chance to be more involved in their communities by offering tax credits in exhange for sholarship funding. This program allows students in failing or dangerous districts to attend thriving educational organizations like Logos Academy in York.
Matt Brouillette, CF’s president & CEO, and James Paul, a CF senior policy analyst, recently sat down with David Taylor, president of the Pennsylvania Manufacturers’ Association, to discuss the EITC program and the opportunities it affords students who are trying to flee failing school districts.
These scholarships help students who want a better quality education, but lack the resources to obtain one. As Matt describes, these businesses “are either going to pay that money to Harrisburg or give it to a scholarship organization that is rescuing kids and families” from dangerous and violent school districts. Seems like an easy choice, doesn’t it?
Both the continual growth and increasing political support of the EITC program show how beneficial educational choice can be for students. James describes the program’s success by pointing out that “since the implementation of the EITC program in 2001, Pennsylvania has seen nearly 500,000 scholarships awarded”—scholarships targeted at students in the lowest performing school districts.
Aaron Anderson, CEO of Logos Academy, calls programs like EITC a “no brainer” since they provide businesses the opportunity to give a student who is in a struggling school district a real opportunity and a real alternative to get a world class education. EITC is ensuring that every child in Pennsylvania has access to a quality, safe school of their choice.
For another example of the benefit tax credit scholarship programs bring to Pennsylvania families, read James Paul’s commentary Scholarships Offer Lifeline to PA Students.