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.

Text by Dave Helms

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