The Economic Impact of the Child Care Industry in Minnesota
Publication Date: January 2003
Publisher: Insight Center for Community Economic Development
Author(s): Jen Wohl; Saskia Traill
Research Area: Economics
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.
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