Early childhood education investments drive better local job creation

Friday, September 16th, 2011 | Author: Tracy

Tim Bartik, author of Investing in Kids, explains why investing in early childhood education can drive better local job creation. His top five reasons are:

  • Human capital is the key local competitive factor for businesses that is not readily portable.
  • Human capital matters not just to my individual business, but to building regional clusters of businesses.
  • Early childhood education is one of the most cost-effective methods of developing better local worker skills.
  • Early childhood education is particularly good at increasing soft skills, which are of great importance to businesses.
  • A large percentage of early childhood education participants will stay in the same local economy as working adults.

For an explanation of each reason and more information, read Tim’s post.

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The Impact of Family Income on Child Achievement

Thursday, July 28th, 2011 | Author: Tracy

The National Bureau of Economic Research has a new working paper, The Impact of Family Income on Child Achievement: Evidence from the Earned Income Tax Credit.

Here’s an excerpt from the abstract:

“Our baseline estimates imply that a $1,000 increase in income raises combined math and reading test scores by 6% of a standard deviation in the short-run. Test gains are larger for children from disadvantaged families and are robust to a variety of alternative specifications.”

Download the paper.

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“Investing in Kids” Issue Brief

Wednesday, July 27th, 2011 | Author: Tracy

The Partnership for America’s Economic Success, a project of the Pew Center on the States, has written a short issue brief summarizing Tim Bartik’s book “Investing in Kids”.

Here’s what Michael Mandel, former Chief Economist at Business Week had to say about the book.

“Bartik’s new book is a comprehensive and compelling argument for a one-two economic devellopment punch: how state and local governments need to combine both tax incentives for businesses and investment in early childhood education.”

Download the issue brief.

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Early Childhood Education is Good for NC Economy

Friday, July 01st, 2011 | Author: Tracy

The Insight Center for Community Economic Development has written a new report on the economic impact of investments in early care and education in North Carolina. Among the findings:

  • Early care and education (ECE) programs in North Carolina generate $1.7 billion in revenue annually and provides more than 49,600 full-time equivalent jobs;
  • Provide safe learning environments for some of the 445,000 young children whose parents are all in the workforce. 59 percent of children ages five or younger have all parents working;
  • There are 380,000 workers in North Carolina who are parents of children between the ages of birth and five, and live in households where all parents work. Together these parents earn almost $12.5 billion every year.
  • Nationally, more than one fifth of all unscheduled absences from work are due to family issues, costing businesses money and productivity. Absences due to family issues cost the North Carolina economy
    about $2.75 billion annually.
  • In North Carolina, ECE generates a higher amount of receipts than custom computer programming services, outpatient care centers, and textile product mills, among others.
  • Early care and education employs more people than chemical manufacturing, nursing care facilities, or warehouse clubs and superstores.
  • The effects of early care and education ripple through the economy, creating an additional 12,580 jobs and $1.43 billion in economic activity, generated by early care and education businesses and workers making local purchases, thus further boosting North Carolina’s economy.

Download the 2011 Economic Impact Report.

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“Early Childhood is Win-Win”

Tuesday, June 28th, 2011 | Author: Tracy

Dr. Art Rolnick, formerly at the Federal Reserve Bank of Minneapolis, recently testified before the U.S. Congress on early childhood programs as economic development programs.

“I don’t care how much money the government gives to General Motors, 75% of the children in the Detroit public school system do not graduate high school. That economy will remain a third world economy now and for the next 20, 30 years if that continues no matter how much money you give General Motors,” Dr. Rolnick said.

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A Plan for a Better US

Tuesday, May 17th, 2011 | Author: Smart Start

This video should be required viewing.

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Research & Reports on Early Childhood Education and the Economy

Thursday, May 12th, 2011 | Author: Eric

[listswfiles folder="Economic Impact" search=”1”]

 

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Nightly News Reports on Drop in ECE Funding

Wednesday, April 27th, 2011 | Author: Smart Start

The Nightly News with Brian Williams calls attention to the drop in funding for early childhood education.

Visit msnbc.com for breaking news, world news, and news about the economy

Visit msnbc.com for breaking news, world news, and news about the economy

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Survey Shows Protecting Children’s Programs in the Federal Budget is Voters’ Top Priority

Tuesday, April 26th, 2011 | Author: Smart Start

A poll released today reveals strong public support for protecting federal investments that benefit children. In a battery of survey questions identifying a series of potential cuts that Congress may consider in the broader budget debate, the survey finds that voters are more likely to hold harmless programs affecting kids than any other programs on the chopping block.

Furthermore, results from the survey reveal cuts to programs affecting kids prove just as unpopular as cuts affecting seniors. In fact, voters are as likely to oppose reductions in Medicaid as in Medicare. Voters also are more concerned about protecting children’s programs than a variety of other federal programs, such as transportation funding for highway construction, national defense, and medical and scientific research.

“The American people are sending a message that is loud and clear: don’t cut kids,” said Bruce Lesley, President of First Focus, the bipartisan child advocacy organization that commissioned the survey. “Many recent spending proposals have sacrificed the needs of children in order to protect the interests of others. However, results from this survey prove that protecting programs that improve the well-being of children is immensely important to voters. We urge policymakers to heed the priorities of their constituents by holding children harmless as they work to find solutions to our nation’s budget challenges.”

Key findings from the survey include:

  • Voters believe children in America fare poorly. By a margin of 58-20 percent, or by almost a 3:1 margin, a majority of voters believe that the lives of children in America have gotten worse rather than better in the last ten years, including a quarter (26 percent) who believe children’s lives have gotten much worse.Republican voters are the most concerned, as they believe the lives of children are worse by a margin of 62-16 percent, an almost 4:1 margin.
  • Children’s programs are most important to voters relative to other potential program cuts. When provided a battery of potential cuts some have considered in the budget debate, voters clearly protect children. In fact, the least popular cuts all directly affect children, including cuts to federal child nutrition programs, Head Start, k-12 education, CHIP, among others. When asked whether the following programs should receive no reduction, a minor reduction, or a major reduction, American voters responded as follows (see Figure 1).
  • Voters strongly oppose the more than $750 billion in proposed cuts to Medicaid and funding shortfall created in the Children’s Health Insurance Program (CHIP) included in the House Budget Committee proposal. By a 70-27 percent margin, the majority of American voters oppose the cuts to Medicaid and, by a 73-23 percent margin, Americans oppose the proposed cuts to CHIP (51 percent strongly oppose). This includes opposition to the Medicaid and CHIP cuts by margins of 66-30 percent and 67-26 percent, respectively, in Republican congressional districts. Voters also oppose, by a 2:1 margin, a plan to provide governors more flexibility if it meant eliminating insurance coverage for some children (31 percent favor, 63 percent oppose).
  • Cutting programs is not the only option. Voters support other options for reducing the deficit. A 72 percent majority describe eliminating loopholes and federal subsidies to corporations as acceptable, 63 percent accept eliminating the Bush tax cuts for families earning over $250,000 a year, and 64 percent oppose the Ryan plan to lower the top tax bracket by a third. Furthermore, when presented with a range of suggestions for dealing with the deficit, voters support raising taxes on those earning over $1 million a year rather than cutting important programs by a 72-21 percent margin.
  • When provided context, voters oppose the House Budget Committee proposal. Less than half of voters (45 percent) support a “proposed budget for the next 10 years that will cut 6.2 trillion from the federal budget deficit.” When provided a fuller and fair description of the details of the plan, support sinks, 37 percent favor, 56 percent oppose.

The telephone survey, completed during the period of April 13-18, 2011, was commissioned by First Focus and conducted by Greenberg Quinlan Rosner Research, using a national probability sample of 1,023 likely 2012 voters. In order to better reflect the changing lifestyle of the voting population, the survey also includes a sample of 114 cell phone interviews. The survey’s margin of error is +/- 3.10 points at 95 percent confidence interval.

Review a summary of the poll’s key findings
Read a press release about this poll

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Cool Web Feature Explains Science of Child Development

Tuesday, April 12th, 2011 | Author: Smart Start

The Center on the Developing Child at Harvard University has created an interactive web feature to explain key concepts in the science of early childhood development: Brains are built over time; the interaction of genes and experience; the interconnectedness of social, emotional, and cognitive development; and the damage caused by excessive or chronic adversity. Learn how early experience affects the developing brain and why early intervention matters to all of us.

Go to the Center on the Developing Child’s web tool.

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