Education Attainment Division
The Case for Business Investment in Early Childhood Education
New study finds that virtually no one believes less should be done to support Early Childhood Education (ECE)
Okay, that's probably not that surprising. What might surprise you in First Five Years Fund's recently-released report is the widespread public, cross-sector, and bi-partisan support for investment in zero-to-five education. Specifically, the 800 voters surveyed for their report believe overwhelmingly that: 1) Early Education should be regarded as a national priority- second only to increasing economic prosperity and decreasing the tax burden; 2)Early child education and care must be more affordable; and 3) Congress needs to act NOW to increase access to excellent and affordable early education and childcare services.
On the heels of the survey's release a group of Chamber CEOs and business leaders gathered at the US Chamber last Wednesday to advocate on behalf of business investment in early child preparedness programs. Speaking at the gathering, Brian Maher, the retired chairman and CEO fo Maher Terminals and former chairman of the New Jersey Chamber of Commerce was quoted in a Washington Post article saying: "If somebody had said to me about a decade ago...that I would one day be down here in Washington speaking on behalf of early chidlhood education, I would have thought they were on drugs."
On drugs he was not. An evolving body of research and data showcases early education's astounding return on investment, and Maher joins a growing contingency of business and public sector leaders that have seen the connection between investment in a child's formative years as a direct investment in our future economy.
For a synthesis of the wide array of early childhood initiatives chambers and business organizations are engaging in across the country, refer to the recently-released study by America's Promise Alliance and project ReadyNation, with support from ACCE: Championing Success: Business Organizations for Early Childhood Investments.
The report shows that at least one state chamber of commerce, large city chamber, or state business roundtable in 44 states has publicly supported early childhood policy initiatives.
Numbers Don't Lie: Take a look to determine the potential impact of your investment.
- $11 of economic benefits over a child's lifetime for every $1 spent on Pre-K programs
- $7 in reducing societal and economic costs for every $1 spent on early childhood education
- Reduction in crime and societal costs
- Increase in college attainment and social and economic mobility