The shortage of quality, affordable child care hurts New York’s businesses and its economy.
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In New York, industry revenue combined with spillover effects (additional spending in the community) has a $6.8 billion impact on the economy. See Committee for Economic Development, “Child Care in State Economies.” (2015) Yet, providers – many of them small, women-run businesses struggle to keep their doors open because subsidy reimbursement levels have remained flat since 2015 while operating costs have soared, including the increasing minimum wage.
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