Childcare is a two-generation workforce issue, essential to support the workforce of today and vital to develop our workforce of tomorrow. Parents rely on childcare to help them enter, re-enter, or remain in the workforce, but access to affordable, quality childcare is hard to come by. Now due to the COVID-19 pandemic, families are experiencing additional challenges and finding childcare is nearly impossible.
At the same time, the majority of childcare across the country is provided by small business owners. Many of these businesses have closed temporarily due to health and safety concerns. For those businesses that are open, they now have increased operational costs to keep kids and staff safe but greatly reduced revenue due to capacity limitations. Parents are trying to balance childcare and work, childcare providers are trying to stay open or re-open with an unsustainable new business model, and employers are trying to determine how and when their working parents can return to work.
To better understand the impact of COVID-19 on childcare, we will seek to understand these challenges from every angle, including the revised childcare equations of parents, employer solutions, and childcare provider needs and capacity constraints. We'll be sharing new data accompanied by the stories behind those numbers over the next several months. The childcare challenges are persistent and complex--further complicated by this public health crisis. By understanding the diverse perspectives of those impacted, we can begin to identify solutions to recover together.