The report highlights the economic benefits of investing in early care and education (ECE) programs in California. Studies show that public spending on ECE programs is a good long-term investment for children, but there are also immediate and long-lasting economic benefits. Expanding high-quality ECE would not only generate economic output through the higher earnings of ECE workers, but would also increase the employment, earnings, and productivity of parents. The report describes the current state of the ECE industry in California and the unique challenges that require public investment to reap the full economic potential of high-quality ECE.