Wealthy benefactors have funded a program that will give scholarships to grads of the Kalamazoo Public Schools. They must have attended for all 4 years and would receive 100% if they attended since Kindergarten. There is a graduated scale that goes down to 65% if they only attended grades 9-12 there. Begins in 2006. Must attend a Michigan college and keep up a certain grade level.
Here are the details:
http://www.kalamazoopublicschools.com/education/dept/dept.php?sectiondetailid=10657&sc_id=1131662979
Apart from the fantastic opportunity that some kids have, other likely results mentioned in news reports:
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Parents can now spend college savings elsewhere, presumably boosting the local economy.
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People will move into the district and businesses will grow in the area.
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Graduates will come back to Kalamzoo.