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Benefits For All:

Benefits For All:. The Economic Impact of the New Jersey Child Care Industry INFANT/TODDLER, PRESCHOOL AND OUT-OF-SCHOOL TIME PROGRAMS. The New Jersey Child Care Economic Impact Council (Established in August 2004).

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Benefits For All:

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  1. Benefits For All: The Economic Impact of the New Jersey Child Care Industry INFANT/TODDLER, PRESCHOOL AND OUT-OF-SCHOOL TIME PROGRAMS

  2. The New Jersey Child Care Economic Impact Council (Established in August 2004) • To commission and assist in the data collection for an economic impact study of the New Jersey child care industry. The National Economic Development & Law Center from Oakland, California was hired to conduct the study (Phase I). • To create new partnerships that build new policy paradigms to support the future state of New Jersey child care industry (Phase II).

  3. Wage & Salary Forum Objectives • Highlight the report’s messages & findings. • Describe the intersection between the economic impact study and the need for raising compensation for early childhood professionals.

  4. Child Care and Early Education is Integral to Family and Economic Life in New Jersey. • The child care industry includes infant/toddler, preschool and out-of-school time formal programs in for-profit, non-profit and public settings. • The knowledge base of the industry comes from the “science of child development”. • Studies show that high-quality programs increase the quality of life in communities and reduces government spending.

  5. High-Quality Child Care Enables Future Economic Success in New Jersey High-quality child care and early education programs lay the groundwork for New Jersey’s future economic success by preparing the next generation with life and learning skills through quality programs.

  6. A Significant Industry in New Jersey • The child care industry in New Jersey: • Generates $2.55 billion in gross receipts. • Serves as an economic driver that supports more than 65,300 full-time jobs. • Serves 378,000 children at any given time, and demographic research shows that there is room for expansion now and in the future.

  7. High-Quality Child Care Enables Future Economic Success in New Jersey Effects of Abbott Preschool on Oral Effects of Abbott Preschool on Early Language Skills at Kindergarten Entry Literacy Skills at Kindergarten Entry 100 100 90 90 80 80 Pre-K Pre-K Experience 70 70 Experience 60 60 Percent correct on Standard Score on PPVT/TVIP No Pre-K Receptive Language Test print awareness test 50 50 No Pre-K Experience 40 40 Experience 30 30 20 20 Source: Early 10 10 Source: Early Learning Learning 0 0 Improvement Improvement Consortium Consortium Receptive Awareness Print Awareness

  8. Child Care Supports New Jersey’s Families and Industries • Child care benefits all industries in New Jersey by enabling parents to work productively outside the home and/or participate in training and education programs. • Child care and early education provides working parents with economic opportunities that lead to self-sufficiency and participation in the economic growth of the state.

  9. Child Care Supports New Jersey’s Families and Industries • Almost 1 in 5 workers has a child under age 13 and lives in a household where all parents work. • Together these working parents earn $20.2 billion every year. • Quality, affordable and accessible child care increases employee retention, reduces absenteeism, enhances the recruitment of skilled workers and increases on-the job productivity.

  10. Gross Receipts of Various Industries, New Jersey, 2005 Nursing and residential care facilities Machinery manufacturing Child Care Hotels (except casino hotels) Scientific research and development Furniture stores Women's clothing stores Apparel manufacturing All farm commodities Spectator sports $0.0 $0.5 $1.0 $1.5 $2.0 $2.5 $3.0 $3.5 $4.0 $4.5 $5.0 Gross receipts in billions of dollars A Significant Industry in New Jersey

  11. A Significant Industry in New Jersey

  12. Number of Establishments • 4,337 not-for-profit and for profit licensed centers in New Jersey. • 41% of these licensed centers are tax-paying entities. • 28% are owned by women • 16% are minority owned

  13. South Jersey Child Care Data • 838 licensed child care centers • 897 family child care homes • 54,516 child care slots and 4,665 slots in family child care homes

  14. South Jersey Child Care Data • Average cost of infant care in home $7,326 • Average cost for infants in licensed centers $ 9,309 • Average cost for Preschoolers $ 7,631 •  Note: Varies from county to county.

  15. Raising Compensation “Any approach to improving the staff standards in [early care and education] will fail unless it also raises compensation to keep more qualified people in the field.” The Economic Policy Institute, Washington, D.C.

  16. Increasing Wages and Benefits • It will help ensure that the educational attainment of child care workers will rise in all areas of the early childhood field. • More investment will advance the New Jersey’s child care workforce to a skill level that can provide high-quality child care. Economic Impact Study Full report, page 52.

  17. Raising the Bar for ECE Professionals • Recent brain research during the early years has emphasized the importance of well-qualified teachers who are familiar with appropriate strategies for very young children. • Children taught by teachers with specialized training and advance degrees are more likely to have positive outcomes.

  18. The Center for Child Care Workforce • The child care teacher’s educational attainment impact child development. • Children in settings with teachers who have bachelor’s degrees have a distinct advantage over children with similar backgrounds who do not. Bachelor’s degrees and specialized training in early childhood is a necessity (page 51).

  19. A System Approach to Quality • A system approach to planning and providing professional development for program administrators, child care teachers and providers have proven the most effective and efficient means of ensuring quality in child care programs for children across the nation (p. 51).

  20. Building Momentum • The word “Momentum” comes from two words “movement and “moment.” • Become the cheerleader so staff move up the early childhood career lattice from CDA to Infant/Toddler Credentials, then to an Associates degree, Bachelor’s, Masters, certification, etc.

  21. Financial Partners • Children’s Futures • Hispanic Directors Association of NJ • New Jersey Department of Human Services • Non-profit Finance Fund • John S. Watson Institute for Public Policy of Thomas Edison State College

  22. For more information To obtain additional copies of the executive summary and the full report: Call (609) 777-4351 ext. 4290 or toll free (888) 442-8372 ext. 4290 or visit www.tesc.edu/aboutus/watson

  23. Project Contacts • Ana I. Berdecia, Co-Chair of NJCCEIC & Director for the Center for the Positive Development of Urban Children at the John S. Watson Institute for Public Policy of Thomas Edison State College (609) 777-4351 ext. 4290; aberdecia@tesc.edu • Allen Lamboy, Phase II Coordinator, NJCCEIC & Vice President, JP Morgan Chase (609) 585-4174 allen.c.lamboy@jpmchase.com

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