Childcare providers on brink of permanently closing businesses

Millions of people who are working or those hoping to return to work soon are depending on childcare.

However, the industry is ringing the alarm, warning that most childcare providers are on the brink of closing permanently.

RETURN TO WORKSOON, RELY OR WILLNEED CHILDCARE.BUT THE INDUSTRYIS SOUNDING THEALARM, WARNINGMOST CHILDCAREPROVIDERS ARE ONTHE BRINK OFCLOSINGPERMANENTLY.ALICIA NIEVESSHOWS US WHATEFFECT THECLOSURES COULDHAVE ON OURECONOMY AND WHATTHE INDUSTRY SAYS ITNEEDS TO PREVENTTHEM.Thousands of daycares,across the country arestruggling to stay open.(Serah@3:03)"The fixedcost in these smallbusinesses is so high,that you are alreadyrunning at very closemargins that, and thenwith covid that pushedeverything over theedge."Serah Kaiel hasowned and run a smallday care in New York fornine years.

In Marchher enrollment droppedby almost 80%, while hercost to stay open whenup substantially.(Serah@4:37)(12secs)"It is like $500 to$1000 per child extra peryear.

Like for the PPE,for the cleaning products,for all the things that gointo keep it as safe andthe best practices."Afteroperating in the red forsix months, mostproviders are nowcoming to terms with thereality that staying openmay not be a possibilitymuch longer.(Serah@5:25)"Irepresent woman ofcolor, I represent singlemothers, and we areworking on the frontlinesin this pandemic and wehave the most to losewith the least amount ofresources available tous.

(@5:42) "there aremoments when it is reallyscary." [graphic]A recentsurvey done by theNational Association forthe Education of YoungChildren shows Withoutsome government aid,roughly 50% of childcareproviders could closepermanently.

And sucha substantial loss of childcare could force morepeople out of theworkforce.Disproportionately.

Low-income workers andwoman.

(Rhien@5:30)"Ithas this massive impacton the economics ofcommunities, it has thismassive impact on theeconomics of society.

Onwoman having the sameopportunities that mendo.

It has a ripple effectthat is reallydramatic."Rhien Allvin iswith the NationalAssociation for theEducation of YoungChildren.

Which, afterthis survey is calling oncongress to allocate $50billion for the industry inthe next stimulus.(Rhein@8:08) "We havereally strong democratsupport, we have reallystrong republicansupport.

So right now thehold up in congress Idon't think is childcare.(@8:24) But youngchildren and our field willsuffer if they don't get astimulus package passbetween now and theelection."I'm Alicia Nievesreporting.STILL AHEAD...