 |
 |
|
 |
 |
 |
 |
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
| In
Brief: Child Care Industry Makes Significant Impact on CA Economy
In September 2001, the National Economic Development and Law Center released landmark report concluding that child care is an integral part of California's economic infrastructure, and assessing the child care industry's impact on the state's economy in terms of the jobs it creates and the local income it generates. The study compares the impact of the child care industry to those of other major industries in the state, including agriculture, manufacturing, and retail. The report is a product of the Local Investment in Child Care (LINCC) Project, which was designed to provide a bridge between economic development and child care planning efforts. In 1999, Californians spent between $4.7 billion and $5.4 billion on licensed child care, significantly more than on other large industries in the state. Further, each licensed child care slot represented, on average, $6,000 worth of spending in the local economy. Licensed child care directly employed approximately 123,000 people in California, including teaching and non-teaching staff. In addition, the child care industry indirectly resulted in approximately 86,000 jobs in transportation, publishing, manufacturing, construction, financial, real estate, and insurance. The licensed child care sector enabled Californians to earn approximately $13 billion annually, and contributed $65 billion to the gross state product (the total value of goods and services produced in Calfornia), slightly more than four times as much as the motion picture industry. The child care industry contributes to a state's productivity by enabling parents to work and earn higher incomes, and by reducing employee absenteeism and turnover. These productivity impacts ripple throughout the economy as the money created by the child care industry is put back into the economy. Source: For
more information: Facts in Action, December 2001 |
|
