New Jersey Child Care Economic Impact Council
The John S. Watson Institute for Public Policy coordinated the formation of the New Jersey Child Care Economic Impact Council, which released the first economic impact study on child care and early education in New Jersey.
The 2006 study, Benefits for All: The Economic Impact of the New Jersey Child Care Industry*, outlined what business, government and industry can do to foster the state’s economic growth. The report found that the child care and early education industry is a key economic driver in New Jersey that generates more than $2.5 billion annually - more than the scientific research and development industry, clothing stores and all farm commodities in the state - and creates approximately 65,500 full-time jobs.
The study focuses on infant/toddler, preschool, out-of-school time (after school activities and summer camps) and educational programs throughout the state. The study, the first to examine the economic impact of New Jersey’s child care and early education industry, reports that child care and early education enables future economic success in New Jersey by preparing children with life and learning skills and providing working parents with opportunities that lead to self-sufficiency and participation in economic growth. The New Jersey Child Care Economic Impact Council is composed of early childhood providers, advocates, business leaders and government officials. The study was conducted by the nonprofit National Economic Development and Law Center (NEDLC). The principal authors of the study are the NEDLC’s Brentt Brown and Saskia Traill, Ph.D.
The study was funded by: the Hispanic Directors Association of New Jersey; the New Jersey Department of Human Services; Children’s Futures; the Nonprofit Finance Fund; and Thomas Edison State University.
Currently, the Institute is conducting regional symposiums throughout New Jersey to review the study’s findings and recommendations with business, municipal officials and child care and early education providers.
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