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NJ Spotlight News | Business Report: New funds for child care industry | Season 2022

Economic Development Authority will provide nearly $55 million to child care industry
The video from PBS, titled "Business Report: Childcare Pilot Program," discusses a new initiative aimed at addressing childcare challenges faced by working parents. The program, which is being piloted in several states, involves partnerships between businesses and local childcare providers to offer subsidized childcare services to employees. This effort is intended to help reduce the financial burden on families and improve workforce participation rates, particularly among women. The report highlights the positive feedback from participating families and businesses, noting improvements in employee retention and productivity. Additionally, the video touches on the broader economic implications, suggesting that such programs could be a model for other regions grappling with similar issues.

Read the Full PBS Article at:
[ https://www.pbs.org/video/business-report-childcare-pilot-program-1652294910/ ]