Report: State’s Child Care Industry Packs $1 Billion Punch
A new statewide economic assessment report released in December found that the early care and education industry — an umbrella term for the state’s child care industry — annually makes a $1.03 billion impact on Alabama’s economy.
The report found that the state’s child care industry is responsible for more than 24,000 full-time equivalent jobs statewide.
The report, commissioned by the Alabama Partnership for Children and conducted by economist Keivan Deravi, from Auburn University at Montgomery, also found that:
- The industry adds to Alabama’s overall economic efficiency by enabling parents to participate in the workforce or attend higher education.
- Comprehensive quality early care and education lay the groundwork for Alabama’s future workforce, by preparing upcoming generations for school and work success.