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Vermont Study Determines Economic Benefits of Investing in Early Childhood Programs

The Vermont Business Roundtable (VBR), a nonpartisan organization of Vermont CEOs, published a report examining the return on investment Vermont could realize by increasing public funding for high-quality early care and learning programs for children birth to five.

Child care professional sitting down with toddlers

Monkey Business Images / Shutterstock

Using Vermont-specific data, researchers found that every dollar invested early would yield a $3.08 return. The 2017 report,Ā Vermontā€™s Early Care and LearningĀ Dividend, follows up on recent research from Vermontā€™s Blue Ribbon Commission for Affordable Child Care which found that nearly 80% of Vermontā€™s infants and toddlers who were likely to need child care did not have access to high-quality regulated programs. The Commission recommended the state create an equitable, affordable, and high-quality early care and education system available to all children birth to five. The report analyzes the costs and benefits of implementing this recommendation, finding that the net benefit to the state would be $1.3 billion. Read theĀ fullĀ reportĀ or theĀ one-pageĀ summaryĀ to learn more.

Update: In 2019, Governor Scott approved increased investments in the stateā€™s child care system. The approximately $5.8 million increase in Vermontā€™s Child Care Financial Assistance Program (CCFAP) will lift rates for 2,000 families. Additionally, Act 72 makes several one-time investments to support the early care and learning workforce. This includes $300,000 in workforce supports for individuals employed in a regulated privately-operated center-based child care program or family child care home, and $300,000 to facilitate the implementation of nationally accredited Child Development Associate Credential (CDA) curriculum in career technical centers throughout the state.

Updated SeptemberĀ 2019

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