COVID-19 Resources for Child Care Providers
During the COVID-19 pandemic, it has become clear that early care and education (ECE) is critical to our overall economy and to our essential workers. However, the small, women-owned businesses that predominate the ECE field will be hard pressed to survive the closures affecting communities across the nation.
As a longtime provider of financial services to ECE businesses, LIIF understands the importance of bolstering these entities that produce a triple halo effect: thriving small businesses, high-quality early education for children, and broader economic opportunity and support for working parents. LIIF is immediately deploying $1.4 million in grants through our Child Care Emergency Relief Effort for family child care small businesses in New York City, the San Francisco Bay Area and Washington, DC. The relief funding will go directly to child care business owners to cover staff salaries, rent and other operating expenses.
This support builds on the work being done by LIIF through a new partnership with Community Reinvestment Fund, USA to support child care providers in applying for the Paycheck Protection Program (PPP). Through these efforts, LIIF’s goal is to raise, deploy and facilitate over $5 million in grants and PPP loans over the next six months to serve 400 child care businesses and their 1,000 employees in these targeted geographies. LIIF’s relief efforts have been seeded by The JPB Foundation, Heising-Simons Foundation, Silicon Valley Community Foundation, the Greater Washington Community Foundation, First 5 Alameda County. Full detail on our ECE relief work is available on our website.
For more information on LIIF’s response to COVID-19, read this statement from our CEO.
This article from our President outlines some of our ECE advocacy and work in our markets.