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

2 days ago in National, Trending

US employers added a surprisingly strong 178,000 jobs last month, rebounding from a weak February

American employers added a surprisingly strong 178,000 new jobs last month, rebounding from a dismal February. And the unemployment...

2 days ago in National, Trending

The Latest: US and Israel are trying to rescue fighter jet crew in Iran, Israeli source says

The U.S. military launched a rescue operation Friday after Iranian state media reported that an American fighter jet went down and at least...

4 days ago in Entertainment, National, Trending

The Latest: Artemis II fully fueled for NASA’s historic return to the moon

NASA's launch team has loaded more than 700,000 gallons of fuel into the 32-story Space Launch System rocket, setting the stage for the Artemis II mission crew members to board...

4 days ago in Entertainment, Music

Megan Thee Stallion takes 2 Broadway shows off after illness during ‘Moulin Rouge!’

Megan Thee Stallion was rushed to the hospital after "feeling very ill" while onstage on Broadway in "Moulin Rouge! The Musical." She later took to social media to explain...

4 days ago in Entertainment, Music

Bruce Springsteen brings ‘Streets of Minneapolis’ home as he launches US tour with ‘War’

Bruce Springsteen was in a defiant but upbeat mood as he returned Tuesday night to the "Streets of Minneapolis" to launch his latest...