Welcome!

News Feed Item

New Pre-K for PA Report Finds Every Dollar Invested in Pre-K Generates $1.79 in PA Economy

ReadyNation/America's Edge analysis shows spending & jobs impact

PHILADELPHIA, April 24, 2014 /PRNewswire-USNewswire/ -- Access to high-quality pre-k has both immediate and lasting economic benefits that extend far beyond the individual child, according to a new report from ReadyNation/America's Edge. The study, which was commissioned as a research element of the Pre-K for PA campaign, found that for every $1 dollar invested in pre-k, the state's economy would see $1.79 in spending and economic activity. 

"If Pennsylvania funded pre-k for all 3- and 4-year-olds, that investment would generate $800 million in additional goods and services and create almost 28,000 new jobs," said Sara Watson, Ph. D., national director of ReadyNation/America's Edge. 

In the five-county, Southeastern Pennsylvania region, the report projects an immediate economic boost for local businesses: a $340 million investment in pre-k would generate $609 million in new spending – including $269 million outside the early education sector –translating to over 9,500 jobs. The return on every dollar that Pennsylvania invests in early childhood programs is due to a "multiplier effect" that outpaces even the robust boost seen in seven out of nine other major business sectors studied, such as retail trade and manufacturing.

"For business leaders, this study shows that there is a double benefit from investing in pre-k," remarked Phil Peterson, co-chair of the business advisory committee of ReadyNation/America's Edge and a partner in the Radnor, PA office of AON. "We all know the long term benefits in reduced crime and social costs and increased employment and earning power, but this study shows that communities across Pennsylvania would see increased economic activity immediately as a result of expanding pre-k."

The report examined two potential economic scenarios to model the possible outcomes: first estimating the benefits if Pennsylvania fully funded its existing Pre-K Counts program to cover all children from families earning up to 300% of the federal poverty level; and next expanding access to all unserved 3- and 4-year-olds regardless of income.

"The benefits of investing in high quality pre-k go beyond even the significant impact demonstrated by the economic modeling," said Steve Wray, Executive Director of the Economy League of Greater Philadelphia. "We're in a competitive economy, and the future abilities of our workforce will be determined by skills developed in pre-kindergarten. 62% of job openings in Pennsylvania in the current decade will require some form of post-secondary education, and to remain competitive, businesses also need communicators, collaborators and critical thinkers."

"The Greater Philadelphia Chamber of Commerce supports early childhood education as an important first step in every child's development," noted Rob Wonderling, President and CEO of the Greater Philadelphia Chamber of Commerce. "We support strategic improvements and reforms in our education system to enhance our Commonwealth's economy and to provide a well-educated workforce for the 21st century. This study provides valuable information for policy-makers' consideration as they take steps to ensure Pennsylvania's public education system remains competitive and growing into the future."

"All children deserve access to a high-quality pre-k experience that prepares them to enter school ready to learn," Jill Michal, President and CEO of the United Way of Greater Philadelphia and Southern New Jersey explained. "Our goal is to provide lawmakers and candidates with good information that they can use as they develop the policies and strategies to invest in the future of both our children and the Commonwealth's economy. We look forward to continued engagement as we all work towards a better future for Pennsylvania and its children."

For more information on the need for and benefits of high-quality pre-k, please visit Pre-k for PA's website here.

ReadyNation/America's Edge is the nation's preeminent business leader organization working to strengthen business through better policies for children and youth. They educate policymakers and the public about effective investments that will help businesses compete in today's global marketplace, build a foundation for lasting economic security, and help children get on the right track to succeed in school and in life.

Pre-K for PA is an issue campaign supported by thousands of individuals and organizations across Pennsylvania who believe that investing in our children is the right choice and an urgent necessity. Our vision is that every 3- and 4-year-old in Pennsylvania will have access to high-quality pre-k. While the campaign neither endorses nor opposes candidates, it advocates on behalf of this vision for Pennsylvania's children, schools and communities.

SOURCE Pre-K for PA Campaign

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
What a difference a year makes. Organizations aren’t just talking about IoT possibilities, it is now baked into their core business strategy. With IoT, billions of devices generating data from different companies on different networks around the globe need to interact. From efficiency to better customer insights to completely new business models, IoT will turn traditional business models upside down. In the new customer-centric age, the key to success is delivering critical services and apps wit...
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
Many banks and financial institutions are experimenting with containers in development environments, but when will they move into production? Containers are seen as the key to achieving the ultimate in information technology flexibility and agility. Containers work on both public and private clouds, and make it easy to build and deploy applications. The challenge for regulated industries is the cost and complexity of container security compliance. VM security compliance is already challenging, ...
As cloud and storage projections continue to rise, the number of organizations moving to the cloud is escalating and it is clear cloud storage is here to stay. However, is it secure? Data is the lifeblood for government entities, countries, cloud service providers and enterprises alike and losing or exposing that data can have disastrous results. There are new concepts for data storage on the horizon that will deliver secure solutions for storing and moving sensitive data around the world. ...
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...
As machines are increasingly connected to the internet, it’s becoming easier to discover the numerous ways Industrial IoT (IIoT) is helping to shape the business world. This is exactly why we have decided to take a closer look at this pervasive movement and to examine the desire to connect more things! Now if you need a refresher on IIoT and how it is changing the world, take a moment and listen to Greg Gorbach with ARC Advisory Group. Gorbach believes, "IIoT will significantly change the worl...
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit y...
Cloud computing changed data analytics for good. It enabled companies to drastically decrease resources and architecture previously assigned with business intelligence departments. It also enabled laymen to run advanced business analytics. Cloud was also the architecture of choice for storing and processing big data. Data piling is a continuous process, which is going to explode with emerging Internet of Things concept. Answer to this issue developers found in new concept called fog computing. ...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will discuss the vast to...
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
SYS-CON Events announced today the How to Create Angular 2 Clients for the Cloud Workshop, being held June 7, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY. Angular 2 is a complete re-write of the popular framework AngularJS. Programming in Angular 2 is greatly simplified. Now it’s a component-based well-performing framework. The immersive one-day workshop led by Yakov Fain, a Java Champion and a co-founder of the IT consultancy Farata Systems and...