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Child care provides nearly $100 billion economic impact, new report finds

from Education Week

A new report from the Committee for Economic Development, a nonpartisan, business-led public policy group, finds that the child-care industry in this country has an economic impact of $99 billion dollars. That figure includes $47 billion in revenue and $52 billion in spillover, or the wages paid to child-care workers and the purchase of goods and services. The "Child Care in State Economies" report notes that the revenue generated by child care is comparable to several industries including spectator sports at $46 billion and medical and diagnostic labs at $49 billion. more


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