Using Cost-Benefit Analyses to Promote Using Cost-Benefit Analyses to Promote y y the Early Childhood Agenda the Early Childhood Agenda Rob Bradham Senior Vice President of Business Development p and Government Affairs Greater Richmond Chamber
60% of Richmond city 3 rd graders could not 60% of Richmond city 3 graders could not read at grade level
Connect the dots…
Looking ahead to the future… •Housing •Transportation Transportation •Education •Workforce children are the workforce of the future
…a fact of life is that the future will be different from the past…. e e o e pas . and we have to plan for it. d h t l f it
Speaking the Language of the Business Community… “Enough of the warm and fuzzies… business people respond better to the hard facts than to a heart-tugging sentimental approach when asked for sponsorship.” Paul Hirschbiel p p
Helps politicians and business leaders… • Allocate dollars effectively in times of scarce resources scarce resources; • Make tough investment decisions and substantiates their decisions substantiates their decisions; • Provides a familiar language to business leaders and leaders; and • Provides proof to what has always been commonsense commonsense.
Returns ranging from $3 to $17 for every t tax dollar invested d ll i t d
Someone important to say it…
Grab their attention…
Long term, national level data… Benefits and Costs of Early Childhood Development- 2002 Dollars High/Scope g /Scope Ca o Carolina a Chicago Parent- C cago a e Child Centers Perry Preschool Abecedarian T Total Benefits for l B fi f every $1 invested $8.74 $3.78 $10.15 (Public & Participants) p ) Total Public Benefit for every $7.16 $2.69 $6.87 $1 i $1 invested t d Source: The Economic Benefit of High Quality Programs: What Makes the Difference? , Prepared by Ellen Galinsky for CED
AO9 Connecting the dots…
Slide 14 AO9 I love the graphic, but if there is a way to make it bigger or separate out the points, I think that would be good. But if you feel it's not critical to his talk, then it is ok as is. Alyssa Oliveri, 5/29/2008
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