using cost-benefit analyses to promote the early · pdf fileusing cost-benefit analyses to...

Using Cost-Benefit Analyses to Promote Using Cost-Benefit Analyses to Promote ythe Early Childhood Agenda

ythe Early Childhood Agenda

Rob BradhamSenior Vice President of Business Development p

and Government Affairs

Greater Richmond Chamber

60% of Richmond city 3rd graders could not60% of Richmond city 3 graders could not read at grade level

Connect the dots…

Looking ahead to the future…

•Housing

•TransportationTransportation

•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 .

d h t l f itand we have to plan for 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 resourcesscarce resources;

• Make tough investment decisions and substantiates their decisionssubstantiates their decisions;

• Provides a familiar language to business leaders andleaders; and

• Provides proof to what has always been commonsensecommonsense.

Returns ranging from $3 to $17 for every t d ll i t dtax dollar invested

Someone important to say it…

Grab their attention…

Long term, national level data…

High/Scope Carolina Chicago Parent-

Benefits and Costs of Early Childhood Development- 2002 Dollars

g /Scope

Perry Preschool

Ca o a

Abecedarian

C cago a eChild Centers

T l B fi fTotal Benefits for every $1 invested (Public & Participants)

$8.74 $3.78 $10.15

p )

Total Public Benefit for every $1 i t d

$7.16 $2.69 $6.87$1 invested

Source: The Economic Benefit of High Quality Programs: What Makes the Difference? , Prepared by Ellen Galinsky for CED

Connecting the dots…

AO9

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