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Economy & Business

Child care is an integral pillar to supporting a thriving economy, with 27 million Americans relying on it to work. The national shortage of affordable child care programs is doing significant harm to family finances, businesses’ bottom lines, and the U.S. economy broadly.

Here are five things to know about child care and our economy.

  1. The United States economy loses an estimated $122 billion a year due to child care challenges.
  2. On average, businesses lose $1,640 a year for each working parent due to lost revenue and hiring costs because of insufficient child care, totaling $23 billion annually.
  3.  77% of small business leaders say access to high-quality, affordable child care is essential or important to strengthening the economy and helping workers.
  4. Investments in high-quality child care and early learning programs can generate up to $7.30 per every dollar invested.
  5. The availability of early childhood education programs attracts homebuyers and increases property values by $13 for every dollar invested in programs.

Learn more:

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What is the Role of Businesses in Supporting Access to Child Care?

November 10, 2022

On November 4, the U.S. Chamber of Commerce Foundation hosted a “Child Care Roadmap for Employers” event spotlighting small and large businesses that have been proactive in providing employees who …

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WH Report Confirms Federal Relief Funding Supported over 200,000 Providers in the Child Care Sector

October 27, 2022

Now Congress Must Come Together and Provide Long Term Solutions Before a Devastating Cliff  The White House has released a new report detailing how dedicated federal relief funding for child …

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Spotlighting Contributions of Latinx Educators and Inclusive Programs in the ECE Field

October 14, 2022

In honor of Hispanic Heritage Month, FFYF recognizes the immense contributions of Latinx caregivers and advocates who are working tirelessly to improve access to affordable, high-quality early care and education …

News

FFYF Statement on Bipartisan Introduction of The Jackie Walorski Maternal and Child Home Visiting Reauthorization Act of 2022

September 20, 2022

WASHINGTON – Today, Ways and Means Committee Chairman Richard Neal (D-MA) and Ranking Member Kevin Brady (R-TX), alongside Energy and Commerce Committee Chairman Frank Pallone (D-NJ) and Ranking Member Cathy …

News

ACF Releases Guidance to Increase ECE Workforce Compensation and Supports

September 14, 2022

On September 12, the Administration for Children and Families (ACF) released three information memoranda that emphasize sustainable strategies to support the workforce across three federal funding streams: Head Start, Child …

News

ACF releases New Preschool Development Grant Birth through Five Funding Opportunity Focused on Supporting the Workforce

September 14, 2022

On September 13, the Administration of Children and Families (ACF) announced $266 million Preschool Development Grants Birth through Five (PDG B-5) renewal and planning grants. The Notices of Funding Opportunity, …

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The Necessity of MIECHV: A Blog Series

September 6, 2022

The following blogs highlight several key ways in which the Maternal Infant Early Childhood Home Visiting (MIECHV) program creates multi-generational and long-term benefits for both children and parents, including by …

News

ACF Encourages States to Utilize Federal Funds to Support the ECE Workforce

July 20, 2022

Since the Administration for Children and Families (ACF) issued a Dear Colleague guidance letter last fall urging states, communities, and local programs to use relief funds to address the early …

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North Carolina — Federal Support for Early Learning & Care Opportunities

June 29, 2022

High-quality early childhood education is proven to dramatically improve a child’s opportunities for a better future—particularly children from low-income families—while offering parents improved job stability and overall economic security. To …

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Montana — Federal Support for Early Learning & Care Opportunities

June 29, 2022

High-quality early childhood education is proven to dramatically improve a child’s opportunities for a better future—particularly children from low-income families—while offering parents improved job stability and overall economic security. To …

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Hawaii — Federal Support for Early Learning & Care Opportunities

June 29, 2022

High-quality early childhood education is proven to dramatically improve a child’s opportunities for a better future—particularly children from low-income families—while offering parents improved job stability and overall economic security. To …

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Mississippi — Federal Support for Early Learning & Care Opportunities

June 29, 2022

High-quality early childhood education is proven to dramatically improve a child’s opportunities for a better future—particularly children from low-income families—while offering parents improved job stability and overall economic security. To …

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