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The Economic Impact of the Child Care Industry in Minnesota

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Publication Date: January 2003

Publisher(s): Insight Center for Community Economic Development

Author(s): Jen Wohl; Saskia Traill

Topic: Economics (Economic policy, planning, and development)

Keywords: economy; minnesota; educational

Type: Report

Coverage: Minnesota

Abstract:

While the educational and social impacts of child care are gaining public attention, the economic impacts of this growing industry are not well understood. This report informs policy makers, the business community, and the child care industry itself of the economic value that child care brings to Minnesota, enabling businesses to recruit employees, decrease absenteeism and turnover, and increase productivity; ensuring a strong economy in the future by preparing children for academic success; and generating more than 28,000 jobs and $962 million in gross receipts annually. Recommendations for strengthening the child care industry to maximize the benefits to the Minnesota economy are provided.