2023 Planning For a Year of Success

For many childcare owners, 2022 has been another year of high stress, labor shortages, and frustration. How will 2023 be different?

In most states, childcare business owners will continue to receive Stabilization Grants for all or part of 2023. The goal of the stabilization grants is to make individual childcare businesses and the industry as a whole—more stable. Unfortunately, I am concerned that the way some owners have used the funds and some of the state requirements for allocation of grant fund utilization will lead to a more financially unstable childcare business after the grant funds are gone.

If you want to learn more about using grant funds to make your childcare business more stable, please view the “Stabilization Grants” presentation on our website: www.solutions4childcare.com.

In this presentation and companion workbook, I share some great information and strategies for how you can use the stabilization grant funds to make your childcare business stronger, not weaker, how you can use the grant funds to improve your childcare business now and prepare for your childcare business’s financial stability after the grant funds are depleted.  https://www.solutions4childcare.com/index/docs/child-care-specialization-grants-course/

Enjoy the presentation. If you would like assistance with your financial analysis and planning, please give me a call. I offer specialized childcare financial management consulting for individual center owners and multiple-unit operators.

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Understanding the Landscape of Stabilization Grant Funding Through Provider Stories

The American Rescue Plan Act (ARPA), passed in March 2021, included $15 billion in supplemental Child Care and Development Fund (CCDF) discretionary dollars and $24 billion to make child care stabilization grants available to providers. While states have until September 2024 to spend the supplemental CCDF discretionary funds, states were required to spend stabilization grant funding by September 2023.