CED Testifies Earlier than Congress on Little one Care’s Financial Affect

CED Testifies Earlier than Congress on Little one Care’s Financial Affect

NEW YORK, April 11, 2024 /PRNewswire/ — The Committee for Financial Growth (CED), the general public coverage middle of The Convention Board, testified earlier than Congress earlier this week. The testimony was given by Cindy Cisneros, Vice President of Training Packages at CED, who spoke about CED’s findings and proposals from its report, Child Care in State Economies, addressing points associated to the accessibility and affordability of high quality youngster care.

CED Testifies Earlier than Congress on Little one Care’s Financial AffectCED Testifies Earlier than Congress on Little one Care’s Financial Affect

Committee for Financial Growth Emblem (PRNewsfoto/Committee for Financial Developm)

The listening to, “The Position of Little one Care Small Companies in Supporting Dad and mom and the American Workforce,” was held by the Senate Committee on Small Enterprise and Entrepreneurship.

Learn the total testimony here and watch the listening to here. Among the many highlights:

  • From CED’s perspective, entry to high quality, reasonably priced youngster care is a two-generation technique. It helps gas financial development and vitality all through states and communities by supporting workers in order that the workforce is productive and companies thrive. It additionally promotes a secure setting for youngsters whereas dad and mom work and in a setting that promotes their wholesome improvement.

  • Our enterprise leaders know {that a} expert workforce is important to financial stability and prosperity. CED’s analysis helps the view that for the U.S. to make sure its aggressive edge, it’s vital that the nation improve the variety of college students who graduate highschool prepared for faculty or careers.

  • The provision of kid care and the price are challenges for households. The financial mannequin for youngster care makes it tough for home-based suppliers to remain within the enterprise and for youngster care facilities to rent and retain high-quality employees, which additionally impacts selections for folks. Options exist. Whereas there isn’t a straightforward approach to make high quality youngster care extra out there and reasonably priced, there are a number of approaches to handle youngster care provide and value.

About The Convention Board
The Convention Board is the member-driven suppose tank that delivers Trusted Insights for What’s Forward™. Based in 1916, we’re a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt standing in the USA. ConferenceBoard.org

The Committee for Financial Growth (CED) is the general public coverage middle of The Convention Board. The nonprofit, nonpartisan, business-led group delivers well-researched evaluation and reasoned options within the nation’s curiosity. CED Trustees are chief government officers and key executives of main US firms who carry their distinctive expertise to handle right now’s urgent coverage points. Collectively, they signify 30+ industries and over 4 million workers. ConferenceBoard.org/us/Committee-Economic-Development

 

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SOURCE Committee for Financial Growth of The Convention Board (CED)

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