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Business Leaders, Policy Makers and Advocates Gather to Discuss Strategies for Securing the Nation's Economy by Investing in Early Childhood
Date:2/28/2008

New Research Shows That Raising Families Out of Poverty on Average Pays for Itself and Investing in Proven Early Childhood Programs Boosts Economic Development

LOS ANGELES, Feb. 28 /PRNewswire-USNewswire/ -- Close to 150 business leaders, policy makers, and advocates will convene today at the Milken Institute for the West Coast Economic Forum on Early Childhood Investment to discuss strengthening the United States economy through proven investments in children. The Partnership for America's Economic Success, which is managed by The Pew Charitable Trusts, and the Milken Institute are co-hosting the forum to develop strategies, policies, and practices for building human capital by investing in children prenatal to age five. The Partnership will release three new research studies at the forum, which highlight the economic benefits of investing in early childhood programs and raising poor families out of poverty.

"Business leaders are already aware that investing in early childhood can strengthen economic development and can provide the country with the work force we need to stay competitive," said Robert Dugger, managing director of the Tudor Investment Corporation and Advisory Board chair of the Partnership for America's Economic Success. "This new research emphasizes more than ever how important it is to invest in children in their first years of life in order to strengthen our position in this increasingly global marketplace."

The three new research studies, conducted by Greg Duncan of Northwestern University, William Dickens of the University of Maryland, and Timothy Bartik of the Upjohn Institute, conclude that strategic investments in children can have significant positive impacts on those children, their families, and the nation's fiscal health. Duncan finds that raising young children out of poverty not only pays for itself, on average, in increased adult earnings, but also provides benefits to society through taxpayer savings.
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SOURCE The Partnership for America's Economic Success
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