Good for Business, Good for Florida’s Economy
To meet the growing talent needs of our business communities and keep the brightest students in Florida, we must invest in our children’s success now. New generations of healthy, strong, and smart young professionals will foster a globally competitive state and encourage other companies to relocate or start up here.
Why does it matter that a child has a healthy first 1,000 days of life?
- More stable current workforce
- Improved talent pool pipeline
- Higher quality of life, with lower crime rate and greater school success
- Easier to attract new business to Florida
- Quality workforce
Many companies have already pledged their support to the First 1,000 Days, implementing family-friendly best practices, sharing resources with employees, and encouraging business-friendly regulations that also benefit children.
“The highest rate of return in early childhood development comes from investing as early as possible. . . Starting at age three or four is too little too late, as it fails to recognize that skills beget skills in a complementary and dynamic way. Efforts should focus on the first years for the greatest efficiency and effectiveness.” – Dr. James J. Heckman
Credit: Henry Schultz Distinguished Service Professor of Economics at The University of Chicago, a Nobel Laureate in Economics and an expert in the economics of human development.
Making progress toward healthier, safer children…
1) …Reduces government spending on failure.
A healthier pregnancy means lower NICU costs. When the mother stays healthy during pregnancy, the chances of premature birth decline. After birth, continuing a healthy and nutritious lifestyle benefits the baby and the mother.
Babies experience less chronic illness. Without the proper care and environment, young children are at risk of problems with physical development, learning, communication, getting along with others, and self care.
Criminal justice costs are lower. Healthier children are at higher levels of readiness for academic success. The healthier they are, the less likely they are to be in the criminal justice system. An investment in early childhood is an investment in the future of the state of Florida.
Remediation becomes less necessary. Science indicates that providing a supportive and positive environment in early childhood can reduce the need for costly educational remediation and support programs later in a child’s life to help students catch up.
2) …Creates a talent pipeline.
Early childhood makes a difference in later academic success. A healthy and positive early childhood environment sets the pace for a child’s development. Giving a child this type of start early on can create higher levels of school readiness and future academic success.
Higher 3rd grade reading scores lead to success later in life. When a child is given the best possible start in life, it contributes to higher reading levels in 3rd grade. This is an indicator of later school success, leading to higher high school graduation rates as well as college readiness and more advanced careers.
3) …Builds economic growth and prosperity.
Healthier children attract new businesses. Businesses seeking to relocate to Florida look for thriving schools, low crime, and high quality of life.
Access to quality child care allows parents to work. For healthy development, quality child care is essential. When parents don’t have to worry about the quality of their child’s care, they are able to find and succeed at jobs, lifting many families out of poverty.
Families lifted out of poverty have more spending power. Families become economically stable and can afford more than their basic needs.
Healthier children increase employee productivity and wellbeing. Parents with healthy children are better equipped to be reliable employees who fulfil their job requirements. Investing in early childhood leads to increased health and happiness for parents.
Having healthy kids increases employee retention. When parents don’t have to worry about the quality of their child’s care, their ability to remain employed increases.