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
With more than 30 Kubernetes solutions in the marketplace, it's tempting to think Kubernetes and the vendor ecosystem has solved the problem of operationalizing containers at scale or of automatically managing the elasticity of the underlying infrastructure that these solutions need to be truly scalable. Far from it. There are at least six major pain points that companies experience when they try to deploy and run Kubernetes in their complex environments. In this presentation, the speaker will d...
While DevOps most critically and famously fosters collaboration, communication, and integration through cultural change, culture is more of an output than an input. In order to actively drive cultural evolution, organizations must make substantial organizational and process changes, and adopt new technologies, to encourage a DevOps culture. Moderated by Andi Mann, panelists discussed how to balance these three pillars of DevOps, where to focus attention (and resources), where organizations might...
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
When building large, cloud-based applications that operate at a high scale, it's important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. "Fly two mistakes high" is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Le...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
As Cybric's Chief Technology Officer, Mike D. Kail is responsible for the strategic vision and technical direction of the platform. Prior to founding Cybric, Mike was Yahoo's CIO and SVP of Infrastructure, where he led the IT and Data Center functions for the company. He has more than 24 years of IT Operations experience with a focus on highly-scalable architectures.
CI/CD is conceptually straightforward, yet often technically intricate to implement since it requires time and opportunities to develop intimate understanding on not only DevOps processes and operations, but likely product integrations with multiple platforms. This session intends to bridge the gap by offering an intense learning experience while witnessing the processes and operations to build from zero to a simple, yet functional CI/CD pipeline integrated with Jenkins, Github, Docker and Azure...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Dhiraj Sehgal works in Delphix's product and solution organization. His focus has been DevOps, DataOps, private cloud and datacenters customers, technologies and products. He has wealth of experience in cloud focused and virtualized technologies ranging from compute, networking to storage. He has spoken at Cloud Expo for last 3 years now in New York and Santa Clara.
Enterprises are striving to become digital businesses for differentiated innovation and customer-centricity. Traditionally, they focused on digitizing processes and paper workflow. To be a disruptor and compete against new players, they need to gain insight into business data and innovate at scale. Cloud and cognitive technologies can help them leverage hidden data in SAP/ERP systems to fuel their businesses to accelerate digital transformation success.
Containers and Kubernetes allow for code portability across on-premise VMs, bare metal, or multiple cloud provider environments. Yet, despite this portability promise, developers may include configuration and application definitions that constrain or even eliminate application portability. In this session we'll describe best practices for "configuration as code" in a Kubernetes environment. We will demonstrate how a properly constructed containerized app can be deployed to both Amazon and Azure ...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.