Impact on: Communities & Economic Development
The Early Childhood Advisory Council recognizes the impact that a stronger early childhood services system will have on communities and economic development. That is why we are working on data systems, financing models and other tools that will identify trends, improve outcomes and respond to needs.
Consider why early childhood matters to communities & economic development:
Immediate economic gain: New York businesses will not need to wait 18 years to experience economic gains from investments in early care and education. For every $1 invested in early care and education in New York, an additional $0.86 is generated for a total of $1.86 in new spending in the state. This return on investment is equal to the return on investment on investments in construction projects, and greater than the return on investment of several other economic sectors such as Retail Trade ($1.83), manufacturing ($1.72) and utilities ($1.53). A report by: America’s Edge 2013, Boosting New York’s Economy. Click here for more information.
Small business sector: Early childhood education is a small business sector in New York State, employing more than 100,000 teachers, staff and administrators.
Increase Employee Productivity: High-quality early childhood education makes employees and the companies they work for, more productive. U.S. companies lose $3 billion each year as the result of employee absences, due to child care problems. Quality child care makes employees and the companies they work for, more productive.
Chronic criminal offenders: A long-term study of Michigan’s Perry Preschool found that at-risk children who did not participate in the high-quality early childhood education program were five times more likely to be chronic criminal offenders by age 27, compared to children who did attend.
Violent crime: At-risk kids who were left out of Chicago’s Child-Parent Centers were 70 percent more likely to be arrested for a violent crime by age 18, according to a study published in the Journal of the American Medical Association.