Relief is on the way for child care providers!
March 27, 2020
Recently Congress passed a sweeping economic stimulus bill to provide relief to America’s families, small businesses, and major industries as they struggle with the effects of the COVID-19 crisis. Included in the package is significant financial and regulatory relief for the nation’s child care industry, which has been hit with widespread layoffs and closures as a result of catastrophic drops in enrollment.
While just the first step, it is our hope that the support contained in this package will go a long way toward helping the hardworking Americans who are struggling as a result of this horrible pandemic - including child care providers.
Once the bill is signed into law, we will get straight to work with our partners to ensure that Miami-Dade and Monroe child care businesses have the information and resources they need to begin taking advantage of the relief provided by Congress, so that quality early care and education remain available for working families now and into the future.
In the meantime, here is some of what was included in the stimulus package, known as the Coronavirus Aid, Relief and Economic Security Act – or CARES Act, to help stabilize the child care industry:
- $3.5 billion in grants to states through the Child Care and Development Block Grant (CCDBG) Program for immediate assistance to child care providers to prevent them from going out of business and to otherwise support child care for families, including for healthcare workers, first responders, and others playing critical roles during this crisis.
- $750 million for grants to all Head Start programs to help them respond to coronavirus-related needs of children and families, including making up for lost learning time.
- Both for-profit & non-profit child care businesses with less than 500 employees will be eligible to apply for small business loans of up to $10 million, of which 8 weeks of monthly payroll, mortgage/rent, and utility payments will be eligible for forgiveness.
- Details in Keeping American Workers Paid & Employed Act (Part A of the Stimulus package)
There are no additional details are available at this time, but we will share any new information as it is released. Please visit our website (www.elcmdm.org) and follow us on Facebook, Twitter, and Instagram for daily updates.
(This information is provided courtesy of the First Five Years Fund)
SMALL BUSINESS RELIEF RESOURCES
Governor Ron DeSantis activated the Florida Business Emergency Bridge Loan Program to support small businesses impacted by COVID-19. This is a short term loan, not a grant.
The State of Florida has activated the Business Damage Assessment Survey to assess the impact of COVID-19 on Florida's local business operations so actions to implement appropriate relief programs can begin. If you want child care businesses to be represented, we strongly recommend every child care facility (especially private pay) fill out this survey.
The short-time compensation program helps employers retain their workforce in times of temporary slowdown. There are eligibility requirements, but this is a temporary solution for employees with reduced hours.
The SBA provides low-interest disaster loans to help businesses and homeowners recover from declared disasters.
Price Gouging Hotline: 1.866.966.7226 Please call and report any price gouging that you see locally.
The IRS has established a special section on their website to help taxpayers, businesses, and others affected by the Coronavirus