JSFiddle - React, Tailwind, and code Playground
HTML
<select id="event_category_id" name="event_category_id">
<option value="">Select Category</option>
<option value="1">Category One</option>
<option value="2">Category Two</option>
<option value="3">Category Three</option>
</select>
JavaScript
$('#event_category_id').change( function(e) {
alert( $(this).find(':selected').text() );
});