More than 70,000 child care providers may close as federal aid ends

Sep 12, 2023 · More than 70,000 child care providers who benefited are likely to close as a result of lost funding, according to estimates from The Century Foundation, a liberal think tank. That would affect 3.2 ...

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Why The End Of Federal Child Care Funding Matters - NBC News

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Sep 28, 2023 · A Century Foundation report in June estimated that over 70,000 child care programs, or about one-third of those that relied on funding from the $1.9 trillion American …

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Federal Child Care Funding Ending: Expect To More Centers To Close

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Sep 1, 2023 · We'll close. The $24 billion Child Care Stabilization Program, passed through the American Rescue Plan of 2021, allocated funding to more than 220,000 child care programs …

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"Child Care Cliff" Is Days Away As Fed Funding Expires. Millions Could ...

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The U.S. is heading for a "child care cliff" with the expiration of pandemic emergency relief fund… After the funding expires on September 30, as many as 70,000 child care centers could be at risk of closing with as many as 3.2 million children losing their spots, according to one forecast. The soon-to-expire funding stems from the American Rescue Plan Act (ARPA), the $1.9 trillion … That funding allowed child care operators to stabilize their businesses during the crisis, partly by increasing pay for their workers and keeping them from leaving for higher-paying jobs — an issue when many competing employers have been ramping up their pay to attract new hires in a tight …

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A Program That Saved Child Care For Millions Is Expiring. What …

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Sep 29, 2023 · Some $24 billion worth of child care funding — one of the last remaining Covid-19 emergency relief programs still in effect — is set to expire Saturday. Issued as part of the $1.9 …

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Impacts Of The Expiration Of Federal Child Care Stabilization …

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Jun 27, 2024 · For comparison, the child care and development fund —the country’s largest federal funding stream dedicated to affordable child care—was funded at just over $8 billion in …

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FAQs about More than 70,000 child care providers may close as federal aid ends Coupon?

How many child care providers will close as federal aid ends?

Some 70,000 child care providers may close as federal aid ends, report finds. What that means for parents The federal government provided states with nearly $24 billion in stabilization funds to keep child care services afloat as part of the American Rescue Plan Act of 2021. ...

Could Millions lose child care if fed funding expires?

"Child care cliff" is days away as fed funding expires. Millions could lose child care, experts say. - CBS News "Child care cliff" is days away as fed funding expires. Millions could lose child care, experts say. September 28, 2023 / 10:33 AM EDT / MoneyWatch ...

What happens if a child care provider loses funding?

More than 70,000 child care providers who benefited are likely to close as a result of lost funding, according to estimates from The Century Foundation, a liberal think tank. That would affect 3.2 million kids and slash $10.6 billion in revenue from lost worker productivity as parents reduce hours or leave jobs in the scramble to find new care. ...

How many child care programs have been cut off from funding?

After two years of receiving federal subsidies, 220,000 child care programs across the country were cut off from funding Saturday. The largest investment in child care in U.S. history, the monthly payments ranged from hundreds to tens of thousands of dollars, and stabilized the industry during the COVID-19 pandemic. ...

How many child care providers will close after child care expires?

However, more than 70,000 child care providers who benefited are likely to close after the program expires this month, shutting down care for 3.2 million kids, a think tank estimates. Experts say that systemic change, such as broader parental leave and more public funding for child care, must be involved for child care to improve at a larger scale. ...

How many child care programs will close?

We find that: More than 70,000 child care programs—one-third of those supported by American Rescue Plan stabilization funding—will likely close, and approximately 3.2 million children could lose their child care spots. The loss in tax and business revenue will likely cost states $10.6 billion in economic activity per year. ...