Pre-K for PA released a report prepared by ReadyNation/America’s Edge which shows the economic boost that prekindergarten investments can generate in the state economy. For each dollar invested in pre-k in Pennsylvania, a total of $1.79 in economic activity is generated in the state.
The report also estimates that if Pennsylvania invested funding in pre-k to provide access for all 3- and 4-year-olds in the Commonwealth, that investment would generate an additional $800 million in goods and services outside the early learning services sector. This additional $800 million would be generated in the following major Pennsylvania sectors as follows:
- professional, business and other services (23%);
- insurance, money and finance (18%);
- construction and real estate (17%);
- retail and wholesale trade (13%);
- health services (12%); and
- other sectors (17%).
Pre-K for PA is an issue campaign in support of access to high-quality pre-k for every 3- and 4-year-old in Pennsylvania. Its founding organizational members are key early childhood and children’s organizations (Pennsylvania Partnerships for Children, Public Citizens for Children and Youth, the Pennsylvania Head Start Association, PennAEYC, PAEYC, and DVAEYC) and supporters of pre-k investments (Fight Crime: Invest in Kids, The United Way of Greater Philadelphia and Southern New Jersey, Mission: Readiness, and the Economy League of Greater Philadelphia).
This report is one in a series of reports by ReadyNation I co-authored which document the potential economic impact of investments in early learning.
Edited to add: Press coverage of the report:
- EXCLUSIVE: Report shows investments in pre-k pay big economic dividends, Philadelphia Business Journal
- Report: Pre-k investment could generate $800M for Pennsylvania, Pittsburgh Business Times
- New Pre-K for PA Report Finds Every Dollar Invested in Pre-K Generates $1.79 in PA Economy, MarketWatch.com
- Study: Pre-k a fiscal boon in region, InsuranceNewsNet.com.