Since 2014, Reinvestment Fund’s Fund for Quality (FFQ) and Early Childhood Education Loan Fund (ECE-LF) have been making investments to support the expansion of high-quality Early Childhood Education (ECE) opportunities throughout Philadelphia. FFQ is a partnership between Reinvestment Fund and Public Health Management Corporation (PHMC), supported by funding from the William Penn Foundation and Vanguard Strong Start for Kids Program™. By providing business planning support and facilities-related financing, FFQ supports high-quality early care and education providers with expanding their services to reach more low-income families.
From 2014 to 2019, FFQ and ECE-LF supported 51 projects at 46 unique centers, which have created or preserved 3,246 ECE high-quality seats across the city. These seats serve a diverse population of high-need families across the city. FFQ and ECE-LF supports have observably reduced gaps between the supply and demand for high-quality child care in their communities and have encouraged other ECE providers to expand the number of high-quality seats in their facilities.
The findings presented in this Impact Brief suggest that FFQ/ECE-LF investments are reaching their intended populations and are having a substantial impact on the availability of high-quality ECE options for Philadelphia families. Moreover, these investments appear to be encouraging other ECE providers to ‘raise their game’ to offer increasing numbers of high-quality ECE seats, rather than ‘crowding out the competition’.
Taken together, these findings lend convincing support for Reinvestment Fund’s data-driven approach to identifying high-need places that are well positioned to positively respond to supports that flow through FFQ/ECE-LF investments. Building on these encouraging findings, Reinvestment Fund will continue to closely monitor changing conditions throughout the city, particularly given the disruptions in the ECE sector wrought by the COVID-19 pandemic.
Jacob Rosch conducts quantitative and qualitative research at Reinvestment Fund. He leads projects to help philanthropic, government, and private investors design strategies to support the expansion of high-quality child care, build healthy and thriving communities, and improve the lives of residents and families in disadvantaged communities.
As Chief Policy Analyst at Reinvestment Fund, Dr. Michael Norton supports all research related to Reinvestment Fund’s organizational goals and mission.
As Reinvestment Fund’s Impact Analyst, Kevin Reeves assesses the outcomes and impacts of Reinvestment Fund’s loans, grants, and New Markets Tax Credits investments. Additionally, he completed the 2018 update to Reinvestment Fund’s Limited Supermarket Access (LSA) Analysis and a case study evaluation of Colorado Enterprise Fund’s Fresh Food Lending program.
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