Lost Opportunities: The Impact of Inadequate Child Care on - - PowerPoint PPT Presentation

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Lost Opportunities: The Impact of Inadequate Child Care on - - PowerPoint PPT Presentation

Mar 02, 2023 215 likes •395 views

Lost Opportunities: The Impact of Inadequate Child Care on Workforce Productivity & Indianas Economy Maureen Weber, President & CEO Early Learning Indiana What we know. 90% of a childs brain develops by age 5 Skills

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Lost Opportunities:

The Impact of Inadequate Child Care on Workforce Productivity & Indiana’s Economy

Maureen Weber, President & CEO Early Learning Indiana

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What we know….

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90% of a child’s brain develops by age 5

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Skills beget skills

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Long-term benefits

Perry Preschool Study:

$7-12 return for each $1 invested

Abecedarian Project:

13% ROI annually

Oklahoma:

Reduced K-12 retention, more confident & engaged

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What about Indiana?

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506K

Children under 5 years old

337K

Children under 5 years old in need of care

49K

Children under 5 years old enrolled in high-quality program

133K

Children under 5 years old enrolled in known programs

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What we wanted to know…

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  • REP. BOB BEHNING

Indiana House of Representatives ANDREW BERGER Indiana Manufacturers Association ANTHONY BRIDGEMAN PNC Bank SHANNON DOODY University of Indianapolis Center for Excellence in Leadership

  • f Learning

CHRISTINA HAGE United Way of Central Indiana

Co-Chairs MADELEINE BAKER GREG BALLARD

Early Childhood Alliance University of Indianapolis

CHRISTY HOUSEHOLDER Cass County Economic Development TAYLOR HUGHES United Way of Central Indiana LEE LEWELLEN Indiana Economic Development Association

  • SEN. EDDIE MELTON

Indiana State Senate PASTOR CLARENCE MOORE New Era Church STACEY RICKMAN Imagine This Career Journey, LLC

  • SEN. JEFF RAATZ

Indiana State Senate JEFF SCOTT Ivy Tech Community College – Muncie MIKE TINSLEY Cummins, Inc. STEPHANIE WELLS Indiana Manufacturers Association

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Indiana businesses lose nearly $1.8 billion every year

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  • Wages paid to absent salaried employees
  • Overtime pay for employees who cover

shifts of absent co-workers

  • Costs associated with hiring temporary

workers

  • Reduced productivity
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Indiana’s economy is losing $1.1 billion every year

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Indiana loses $118.8 million in tax revenue every year

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County Impacts

Impact on Businesses Impact on the Economy Impact on Tax Revenue INDIANA

  • $1.8B
  • $1.1B
  • $118.8M

Elkhart

  • $56.7M
  • $35.2M
  • $3.8M

Jackson

  • $12M
  • $7.5M
  • $812K

Marion

  • $221.7M
  • $137.9M
  • $14.8M

Montgomery

  • $7.9M
  • $4.9M
  • $808K

Parke

  • $3.3M
  • $2M
  • $342K

Vanderburgh

  • $46.3M
  • $28.8M
  • $3.1M
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Hand-in-hand: Indiana’s economy & early care and education

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To read the study, visit

EarlyLearningIndiana.org

www.earlylearningindiana.org