NC House Budget Lacks Child Care Stabilization Funds
House budget lacks child care stabilization by Liz Bell, EducationNC April 6, 2023 This article first appeared on EducationNC and is republished here under a Creative Commons license.
2023—Planning for a Year of Success
For many childcare owners, 2022 has been another year of high stress, labor shortages, and frustration. How will 2023 be different? In most states, childcare business owners will continue to receive Stabilization Grants for all or part of 2023. The goal of the stabilization grants is to make individual childcare businesses and the industry as…
Recession Proofing Your Child Care Business: “Be Optimistic But Be Prepared”
No child care business owner wants to consider or discuss the likelihood of a recession. However, good and bad economic times are part of normal economic cycles. Not counting the steep but very brief economic downturn during the COVID pandemic, the last recession in the U.S. was from December 2007 to June 2009 – often…
After Stabilization Grants – Child Care Profitability and Business Value
Although intended to stabilize the childcare industry and individual childcare businesses, in my opinion, the funding only served to “prop up” the industry. The childcare industry will be more unstable when the grant funds are depleted. Unless there are additional grant funds, or as I like to say, “another pot of gold at the end…
Stabilization Grants Utilization – “Using Grant Funds to Strengthen Not Weaken Your Business”
The Child Care Stabilization Grants (American Rescue Act Plan) represents a historic investment in the early childhood education industry. As indicated in the name – Stabilization Grants, the program and funds are being provided to shore up childcare businesses battered by the COVID-19 Pandemic and provide for a financially stable childcare business and industry in…