The first speaker at today’s National Child Care Innovation Summit is Suzanne Clark, CEO of the US Chamber of Commerce. She has shared that: 📉 US economy loses over $120 BILLION annually due to the child care CRISIS 💸 States lose an average of $1B in economic activity due to missed work 🤯 Average annual cost of care ranges between $10,000 - $15,000 per child
Bobby Isaacson’s Post
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“You can do big things, or you can do small things - but everyone should be doing SOMETHING” - Nicole Riehl with a great point, there are so many ways employers and governments can help with child care crisis.
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👨💼Business leaders from Etsy Suffolk Construction UPS and Micron Technology join Secretary Gina Raimondo share how investing in childcare has helped their businesses. ❤️ They believe access and affordability are challenges that we can and must solve, especially for frontline, hourly employees.
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🇺🇸 🫏 🐘Great to hear from 3 Governors and the Secretary of Commerce on stage discussing how critical child care is to the economy. “The workforce is always a #1 or #2 concern for business leaders right now, and that is where child care comes in. I don’t have to choose between having a career in the workforce and having a child.” - Jared Polis “There is more than buy-in, there is DEMAND from business leaders in the Hoosier state” - Eric Holcomb 🤝 “Growth is predicated on having a workforce, and if you dont have childcare you can’t work. We have to work with employers to offer subsidies” - Governor Maura Healey of Massachusetts. 💪
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🛣️ 🚦C. Kirabo Jackson from the White House states that ‘childcare is infrastructure, just like roads help get people where they need to be, childcare is critical to our economy, investing in childcare is investing in our productivity. It really impacts the labor force participation’ Women are 8x more likely to have a work interruption as a result of childcare than men. We need higher wages and childcare stipends - Heather Conroy
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Very excited to join Liat Krawczyk at the US Chamber of Commerce this Thursday for the National Childcare Innovation Summit. Along with Jessica Chang and Lilly Janine Alexander (née Casillas) on behalf of Upwards we look forward to seeing policymakers, entrepreneurs, employers and investors who are working to bolster our child care infrastructure.
Senior Advisor for Workforce and Head of Childcare Strategy, CHIPS for America, US Department of Commerce
Excited to share that I joined Secretary Raimondo at the White House yesterday for the announcement of the first National Childcare Innovation Summit. Led by the U.S. Department of Commerce, together with our partners at the U.S. Chamber of Commerce and U.S. Chamber of Commerce Foundation, we are putting childcare at the center of the economic agenda. The summit will highlight and explore childcare solutions, including creative care models and policies, emerging employer approaches, and public-private partnerships that can help address the crisis. It will showcase and encourage action by the private sector as a partner and force multiplier to the public sector in establishing child care as critical infrastructure. When I first started working on childcare as an economic issue, it was quantifying the problem that motivated me. Childcare is the quintessential market failure and so much talent, business, and local growth remains restricted due to this crisis. But there wasn't enough data at the time to show the extent to which childcare was foundational to our economy. Five years and a pandemic later, we've come a long way in recognizing childcare as economic infrastructure. But now that we get how great of a problem it is, it is the solutions that drive me. Policymakers, entrepreneurs, employers and investors across the nation are working to expand and reimagine our care system, and that's some of what we hope to highlight. And a personal note - it feels impossible to believe that my mom isn't here to see this moment that she saw me work towards these past years, but I know she'd be so proud that we've come this far. This is for her and all the caregivers in your own lives, whose work and life decisions are so often unseen but who carry our economy and the world on their shoulders. So appreciative of the team who is working daily to make this come to life Ezra Kagan Patrick Hobart Melinda Garrett Caitlin Codella Low Aaron Merchen Sasha Nicholas (née Saputo)
U.S. Secretary of Commerce Gina Raimondo Announces First-of-its-Kind National Child Care Innovation Summit
commerce.gov
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Good article on 'carewashing' the difference between 'checking the box' and actually creating a supportive workplace environment for caregivers. It's easier said than done, but it makes me proud to work for Upwards where we are truly working to 'solve care for good.' https://lnkd.in/gjYNV9U5.
How “Carewashing” Alienates Employees
hbr.org
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Are you heading to SHRM this month in Chicago? Come catch Sunday Night Baseball in person at Wrigley Rooftops! The Upwards team is hosting a free event with food and drinks. Join us for a fun evening and ask all the questions you want about child care benefits! https://lnkd.in/gfDtGNWc
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