This year, PNC Bank is presenting sponsor at EPIC’s Annual Business Leaders Dinner and will share its commitment to investing in early childhood education with other business leaders at the event. A champion of quality early childhood education, PNC Bank has a long history of supporting young children and their families. At this time in Colorado and across the U.S., it’s needed more than ever.
According to research from the Common Sense Institute, Colorado’s labor force is the tightest on record. In the state there are 2.7 jobs for every unemployed person, and the labor shortage will cost $46 billion in additional state Gross Domestic Product in 2023.
The labor shortage is directly tied to child care in the state as parents and their careers are sidelined by a lack of access to quality, affordable early childhood care and education. The child care industry is poised to see more challenges with the expiration of additional federal stimulus support in September. That’s what makes the advocacy of businesses like PNC all the more important.
Launched in 2004, PNC Grow Up Great is a $500 million, bilingual initiative designed to help prepare children, particularly underserved children, for success in school and life. Built on the understanding that education is a powerful means for economic and social mobility, PNC Grow Up Great helps young children across the country develop a lifelong passion for learning. Since arriving in Denver in 2018, PNC Bank and the PNC Foundation have already invested more than $1 million to strengthen high-quality early childhood education and provide critical resources across Colorado.
This legacy of investing in high-quality early childhood education is why PNC Bank is thrilled to be a community partner of EPIC, as they work together to create a strong Colorado workforce and community. As presenting sponsor for EPIC’s Annual Business Leaders Dinner, PNC demonstrates its commitment to high-quality early childhood education and dedication to impact the current and future workforces here in Colorado.
PNC Grow Up Great benefits children and families in the communities where we live and work. The program has distributed more than $225 million in grants to nonprofits to advance high-quality early childhood education and has supported more than 8 million young children in the U.S. to date through grants and educational programs. These dollars have provided teachers and caregivers with resources to inspire a lifetime love of learning, promoted school readiness, and filled classrooms with school supplies across the country.
PNC is a passionate champion of early childhood education and believes that investing in our children is key to shaping a brighter future for our society. With its generous contributions, PNC Bank has empowered communities nationwide by providing a wealth of tools and resources dedicated to nurturing young minds.