Child care supports the current economy and helps the future prosperity of Minnesota. Licensed child care contributes to our economy by supporting working families today so they can join and stay in Minnesota’s workforce, while preparing the workforce of tomorrow.
- An investment in quality early care and education for children before they reach Kindergarten has the highest possible return on investment for our state. In fact, well-focused investments in early childhood development yield high public returns, as much as $16 to $1 according to the Federal Reserve Bank of Minneapolis.
- Up to 90% of brain development happens before age 5, making the early years the most important time to invest in quality education.
- Research shows that every year approximately 15,400 low-income children arrive at kindergarten not fully prepared to succeed, costing Minnesota $56,000 over the lifetime of each unprepared child and approximately $860 million for every year this trend continues.
We can invest now in our children and families and enjoy long-term savings, with a nation of healthy, achieving children and more stable families. Or, we can fail to make the investment and pay the price: increased delinquency, greater educational failures, lowered productivity, less economic competitiveness, and fewer adults prepared to be effective, loving parents to the next generation of children.