Inadequate access to child care costs Nebraska families, businesses and state tax revenues nearly $745 million annually in direct losses, and when the losses are multiplied throughout the economy, the impact is even more severe. These are the findings from a recently released study by FFN and the University of Nebraska-Lincoln's Bureau of Business Research.
With nearly 75% of Nebraska children under age 6 in some type of care, early childhood programs are crucial to the state’s economy. They support working parents on the job, allow businesses to recruit and retain talent and help Nebraska’s future workforce develop cognitive and social-emotional skills for long-term success in school and life.
“The report’s findings boil down to a simple conclusion: Inadequate child care is a serious barrier for improving family incomes, the bottom line of businesses and the economic growth of our state,” said Jason Prokop, director of First Five Nebraska. It's imperative that stakeholders work together to create effective, community-driven solutions that strengthen Nebraska's early childhood infrastructure, he said.