News

Study: Lack of available child care could cost state economy $6.2 billion per year

Study:  Lack of available child care could cost state economy $6.2 billion per year

A report suggests a lack of available child care in many areas could cost Illinois' economy $6.2 billion a year. Photo: Shutterstock


Springfield, IL (CAPITOL CITY NOW) – One of the bigger drains on the state’s economy may be the inability of parents to find child care.

The group “ReadyNation Illinois” claims that drain is to the tune of $6.2 billion a year — based on lost work time by parents who can’t find the care.

The group issued a new report to that end (PDF).

“To arrive at that number, ReadyNation commissioned a poll of 403 working parents of young children under the age of five last October,” said Mike Murphy, Greater Springfield Chamber of Commerce CEO and ReadyNation member.  “The survey asked these Illinois parents about these childcare experiences. Their feedback was then analyzed by economists who work with City University of New York, and the University of Pennsylvania.”

Murphy says there can’t be a productive workforce, one that’s stable, without adequate child care.  He was part of a news conference Tuesday at the Illinois Capitol.

So, what’s the solution?

“Greater investments, public investments, at the state and federal levels for these kinds of resources,” said Sean Noble, Co-Director, ReadyNation Illinois.  “The economies of scale are such that we are going to need much greater investments than any one particular business, for example., can put into.”

Noble says, though, that some businesses have turned to providing child care on site, and while that’s a good solution, the state and federal funding would be better.  It’s been said that among certified child providers in Springfield, there is zero additional availability.

Read the full report at the link above.

Recent Headlines

4 hours ago in Entertainment

Taylor Swift files 3 new trademark applications. One expert says it is to curb AI threats

Taylor Swift filed three new trademark applications with the U.S. Patent & Trademark Office, a move one legal expert theorizes it is to protect her voice and image from potential misuse through artificial intelligence.

4 hours ago in Lifestyle, Trending

Stir well, slap lightly. Tips for making a mint julep worthy of the Kentucky Derby

Horses are poised, bets are on, hats are at the ready and the bourbon is standing by, ready to be poured into thousands of mint julep cocktails. It must be Kentucky Derby weekend.

1 day ago in Entertainment

Man pleads guilty to plotting attack on a Taylor Swift concert in Vienna

A man accused of pledging allegiance to the Islamic State group and plotting to attack one of superstar singer Taylor Swift's concerts in Vienna nearly two years ago pleaded guilty as his trial began on Tuesday, his lawyer said.