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Return on Investment (ROI) of <br />High -Quality Early Childhood Development <br />"Policymakers would be wise to coordinate these early childhood resources <br />into a scaffolding of developmental support for disadvantaged children and <br />provide access to all in need. The gains are significant because quality <br />programs pay for themselves many times over. The cost of inaction is a tragic <br />loss of human and economic potential that we cannot afford." <br />Heckmanequation. org <br />• James Heckman, University of Chicago, Nobel Prize winning Economist <br />o Workforce development starts with early childhood development. <br />o 7-10% per year ROI based on increased school & career achievement <br />as well as reduced costs in remedial education, health & criminal <br />justice expenditures. (Perry Preschool Program) <br />o Comprehensive, high quality early childhood programs (birth to 5) <br />yielded a 13% ROI per child, per year in education, economic, health <br />and social outcomes. (Abecedarian/CARE) <br />o The earlier the investment, the greater the return. <br />o High-quality early childhood education is an effective tool for fighting <br />intergenerational poverty. <br />• Tony Carvajal, Exec VP, FL Chamber of Commerce, Children's Movement <br />o Expanding early learning initiatives provide benefit of $8.60 for every <br />$1 invested. Half of this is from increased earnings of the children <br />when they grow up. <br />o Early childhood education is critical to preparing Florida's children <br />for future careers. <br />• Children who do NOT receive a quality early education are: <br />o 25% more likely to drop out of school <br />o 40% more likely to become a teen parent <br />o 50% more likely to be placed in special education <br />o 60% less likely to go to college <br />o 70% more likely to be arrested for a violent crime <br />(source: K-12 Stem Education: Breakthroughs in Research & Practice) <br />17 <br />