The national consensus study report from the National Academies of Sciences, Engineering and Medicine, Transforming the Financing of Early Care and Education, describes the current landscape of early care and education financing in the United States, analyzes where it falls short and makes 10 recommendations to achieve the vision of a transformed, effective early care and education financing structure.
Recommendation Six states that:
“A coalition of public and private funders should support the development and implementation of a first round of local-, state-, and national-level strategic business plans to guide transitions toward a reformed financing structure for high-quality early care and education.”
Minnesota is taking the first steps towards developing a statewide strategic business plan for Minnesota. We have established a subcommittee with local experts with a goal to create, in coalition with public and private funders, and in coordination with other key stakeholders, the first round of a Minnesota-specific strategic business plan to guide transition toward a reformed financing structure for high-quality care and education, consistent with the recommendations from the National Academies of Sciences reports and Minnesota’s plans for transforming the early childhood workforce. The rationale for this work is to help guide policy and investments.
Subcommittee members include: Jerry Cutts, President and CEO, First Children’s Finance; Elizabeth Davis, Professor, Applied Economics, University of Minnesota; Rob Grunewald, Federal Reserve of Minnesota; Debbie Hewitt, Early Learning Supervisor, Minnesota Department of Education; Jonathan May, Director of Innovation, Think Small; and Aaron Sojourner, Associate Professor, Carlson School of Management, University of Minnesota.
We are interested in your thoughts and ideas with regard to transforming the financing of early care and education in Minnesota. Please complete this survey to share your thoughts with the Financing Subcommittee:
PowerPoint Presentation on Transforming the Financing of Early Care and Education in Minnesota – Presented to the Prenatal to Three Policy Forum on October 21, 2019