Using Cost-Benefit Analyses to Promote Using Cost-Benefit Analyses - - PowerPoint PPT Presentation

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Using Cost-Benefit Analyses to Promote Using Cost-Benefit Analyses - - PowerPoint PPT Presentation

Jan 30, 2023 347 likes •525 views

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

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Using Cost-Benefit Analyses to Promote Using Cost-Benefit Analyses to Promote y the Early Childhood Agenda y the Early Childhood Agenda

Rob Bradham Senior Vice President of Business Development p and Government Affairs Greater Richmond Chamber

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

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Connect the dots…

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Looking ahead to the future…

  • Housing
  • Transportation

Transportation

  • Education
  • Workforce children are the workforce of the future
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…a fact of life is that the future will be different from the past…. e e

  • e pas

. d h t l f it and we have to plan for it.

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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

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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.

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

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Someone important to say it…

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Grab their attention…

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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 e Child Centers T l B fi f Total 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

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Connecting the dots…

AO9

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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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