{"id":31058,"date":"2022-11-01T12:32:08","date_gmt":"2022-11-01T20:32:03","guid":{"rendered":"https:\/\/staging2.threadalaska.org\/thread\/business-community\/return-on-investment-copy\/"},"modified":"2023-06-14T10:52:02","modified_gmt":"2023-06-14T18:52:02","slug":"return-on-investment","status":"publish","type":"page","link":"https:\/\/www.threadalaska.org\/thread\/policy-and-research\/take-action\/return-on-investment\/","title":{"rendered":"Return on Investment"},"content":{"rendered":"\n
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Return on investment<\/h1>\n<\/div><\/div>\n\n\n\n
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With a 13 percent ROI in societal benefits, and billions of dollars in savings from increased employee productivity, high-quality early childhood education is a smart business investment. <\/p>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n

<\/p>\n\n\n\n

The latest research by Nobel Prize-winning University of Chicago economics professor James Heckman<\/a> shows that investment in high-quality early childhood education for disadvantaged children, beginning at birth, delivers a 13 percent return on investment per child<\/strong>, per year. By contrast, the stock market averages 7 percent ROI.
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Heckman points to four big benefits of investing in early childhood development: preventing the achievement gap, improving health, boosting earnings, and a high rate of return. Access to high-quality early childhood education benefits not only the future generation, but it strengthens the current workforce as well. Research shows that businesses lose $3 billion each year when employees miss work due to child care breakdowns.<\/p>\n\n\n\n

Additionally, researchers in Louisiana determined that the state loses almost $84 million annually in tax revenue for Louisiana\u2019s economy due to child care issues (Losing Ground: How Child Care Impacts Louisiana\u2019s Workforce Productivity and the State Economy<\/a>).<\/p>\n\n\n\n

Early childhood education plays a crucial role in Alaska\u2019s economy as well. The McDowell Group reports in the 2020 Economic Impact of Early Care and Learning in Alaska Report<\/a> that 15 percent of Alaska\u2019s workforce depends on child care. And as a result of access to child care, Alaskans are able to earn $2 billion in wages. In all, the early childhood education industry accounts for $512 million in total economic activity in Alaska. The Committee for Economic Development (CED)<\/a>, a business-led national policy group, also reports that the Alaska child care industry revenue of $83.1 million led to another $50 million in spillover impact on our economy. <\/p>\n\n\n\n

With a 13 percent ROI in societal benefits, and billions of dollars in savings from increased employee productivity, high-quality early childhood education is a smart business investment. <\/p>\n\n\n\n

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Support thread’s<\/strong> work for early education now!<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The latest research by Nobel Prize-winning University of Chicago economics professor James Heckman shows that investment in high-quality early childhood education for disadvantaged children, beginning at birth, delivers a 13… Read more »<\/a><\/p>\n","protected":false},"author":11,"featured_media":0,"parent":31026,"menu_order":1,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"_uag_custom_page_level_css":"","footnotes":""},"class_list":["post-31058","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\nReturn on Investment - Thread<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.threadalaska.org\/thread\/policy-and-research\/take-action\/return-on-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Return on Investment - Thread\" \/>\n<meta property=\"og:description\" content=\"The latest research by Nobel Prize-winning University of Chicago economics professor James Heckman shows that investment in high-quality early childhood education for disadvantaged children, beginning at birth, delivers a 13... 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