Delaware is already one of the few states that pays for all of its high school juniors to take the SAT. However, structural obstacles continue to deny many poor students the full range opportunities that their academic achievements should place within their reach.
A recent study conducted by professors from Stanford and Harvard found that high grades and test scores fail to propel low-income students to the nation's best universities. In fact, very few even apply to the most selective colleges.
To combat this problem, Delaware Governor Jack Markell recently announced that his administration is launching a program that will give a leg up to high-achieving students from low-income backgrounds who may otherwise be discouraged from seeking admission to a top university. Specifically, the state will send these high school seniors application fee waivers and information about the admissions process and financial aid opportunities.
This aid will be provided through a partnership between the state government and the College Board, which administers the SAT. These efforts will help prepare the state's youth to enter the workforce and give future entrepreneurs the skills they need to build and incorporate new companies, which will ensure that the First State continues to be a driver of economic development in the future.
Delaware already plays a key role in the U.S. economy, offering a stable legal home to more than half of the country's publicly traded companies, including more than 60 percent of the Fortune 500. With the state taking a proactive approach to laying the groundwork for future growth, Delaware should continue to be seen as one of the best places in the country to incorporate a business.
For more information on how to capitalize on the state's business-friendly climate, interested parties should consult with a Delaware-based incorporation services company.