BUSINESS LEADERSHIP SPOTLIGHT
Bingham Fellows Focus on Early Childhood to Spur Economic Development in Louisville’s West End
This project is called Education 40210: Building Economic Prosperity through Early Childhood Education. Faced with area kindergarten readiness scores of only 35%, Education 40210 puts a new focus on early childhood education, starting with the 40210 ZIP code, as the community pursues an overall kindergarten readiness goal of 77 percent by 2020. The Bingham Fellows project is designed to ensure a five percent increase in kindergarten readiness of children residing in the 40210 ZIP code, by 2016.
In partnership with Metro United Way, Jefferson County Public Schools and the Louisville Free Public Library, Education 40210 will:
- Expand Metro United Way Parent Cafés with the ongoing use of the child development tool Ages and Stages,
- Collaborate with Louisville Free Public Library’s “1,000 Books Before Kindergarten” program,
- Provide front yard libraries within 40210 to create easy access for family reading,
- Expand the distribution of kindergarten readiness kits in 40210,
- Support expansion of kindergarten readiness best practices to childcare providers in 40210.
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Goldman Sachs Among Backers to Finance
Chicago Public Preschool Expansion
Research by economists, most notably James Heckman of the University of Chicago, asserts that money spent on sending low-income children to preschool leads to savings down the road amounting to many times the initial outlay. Heckman calculated a $7 return on each $1 of investment by tracking government savings due to the better academic performance in school and better life performance after school—primarily staying out of jail and off welfare—of preschool graduates. (Calculations of the exact return vary, depending on the study. Heckman’s estimate of $7 is somewhere in the middle.)
Officials at Goldman Sachs and Northern Trust, both large investment banks and the primary lenders in Chicago, are betting that prediction is accurate. They will only get their money back if it is.
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LINKS OF INTEREST
“Put young kids first to improve our education system,” Enquirer.com editorial from Brent Cooper
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WHAT CAN YOU DO?
#3 in U.S. Chamber of Commerce Foundation’s
13 Things that Business Can Do to Support Early Childhood Education
Visit a high-quality early learning site. Knowing what a high-quality program looks like and how it runs can help you be a better advocate and understand what it means to give young children a strong start. Let Liza know if you would like help identifying a center to visit in your area. email@example.com.
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2014 GOODGIVING GUIDE CHALLENGE
Last year we were able to secure over $50,000 in donations and prizes. Your donations made to us at www.bggives.org from November 3-December 12 will enable us to continue to advocate for the best possible education for all Kentucky students.
Have questions? Contact Suzetta Yates at 859-233-9849 or firstname.lastname@example.org
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