Why investing in early care and education is good for the economy

  • In North Carolina, the child care industry generated $1.77 billion annually and provides more than 47,000 jobs.
  • It benefits all industries in the state by enabling parents to work productively outside the home.
  • For every new dollar invested in early childhood education, the average economic benefit is almost $2.
  • For every new job created in early childhood education, the average economic impact is 1.5 jobs.
  • Unscheduled absences at the workplace cost small businesses an average of $60,000 annually and large companies an average of $3.6 million. Nearly 25 percent of the unscheduled absences are due to family issues, including child care needs.

 

Bookmark and Share

About these ads

1 Comment

Filed under budget, Early Childhood, Legislative and Governmental, Uncategorized

One response to “Why investing in early care and education is good for the economy

  1. Pingback: “Hold the Line” for NC Children Virtual Advocacy Day is May 18! «

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s