Our region is built in large part by workers who fall into the demographic of family caregivers with young children. These individuals depend on the availability of quality, reliable childcare in order to retain employment and ensure economic stability.
Childcare directly impacts the economic stability of business and industry, too. Accessible childcare allows family caregivers the opportunity to participate in the workforce. Without reliable childcare, family caregivers may have to leave once clocked in to work or opt to work fewer hours. Some may be forced to stay out of the workforce altogether. That is a catastrophic blow to family income and, on the other side of the coin, a major problem for employers who see a drop in production.
When a community lacks childcare options, more than one employee will struggle with childcare issues resulting in an overall lack of labor force participation. This leads to an on-going cycle of hiring and turnover for employers. Training, onboarding, and orientation cost companies a great deal of money and time. Production is interrupted and the existing workforce becomes stressed.
The economic success of a community is tied to reliable childcare, as well. Higher workforce participation contributes to economic growth by expanding the labor pool and increasing household income. This leads to a boost in consumer spending.
Grow Clinton is proud to partner with area childcare providers in advocating for additional funding for area childcare needs. We have high quality childcare options in the Greater Clinton Region. Grow Clinton will do all we can to support them by bringing successes and challenges to the forefront of economic conversations.