New Investments in Child Care Crucial for Military Families

Mark Eisenberg
Photo: Finoracle.net
## Virginia Takes Bold Steps In **Child Care** Revolution

**New investments in child care** are set to **transform working families' lives** in Virginia. With only **750 child care slots** available on base, our **military families heavily depend on local communities** for additional support. The recent developments underscore a critical juncture in our **post-pandemic recovery**.

During a recent breakfast at an **early childhood center**, a mother recounted a **heart-wrenching tale** of economic struggle. *Forced to make online food deliveries with her baby in tow to make ends meet, she finally discovered high-quality child care, securing a better job in the health field. It was life-changing.*

As a representative in the **Virginia General Assembly** for part of **Newport News**, I witness daily the **pressing child care concerns among my constituents**. This issue resonates through local employers, military officials, and experts at the **Richmond Federal Reserve**, who collectively note that the **lack of child care** poses a significant barrier to full employment recovery.

Military officials have voiced their concerns, notably at a recent briefing on the **“Economics of Early Childhood in Hampton Roads”** held in Norfolk. The **Hampton Roads Military Federal Facilities Alliance** advocates for expanding child care options, pointing to Virginia's economy losing **$3.1 billion annually** due to child care shortcomings. Consequently, military leaders are urgently calling on lawmakers to address these needs creatively.

This year, **Democrats in the General Assembly** worked to increase the accessibility and affordability of child care. **Virginia's final budget** includes historic investments, earmarking **$456.7 million over the biennium** for **early childhood care** and **education**, particularly **boosting the Virginia Preschool Initiative** for kindergarten readiness.

To tackle child care challenges in Hampton Roads, military leaders have proposed **incentives for new child care businesses**, **public investments in availability-tracking software**, and **streamlined local permitting** for new centers. The Virginia legislature is also addressing issues like **zoning waivers** for new centers within office buildings and a **planning tool for forecasting future needs**.

A new law is set to simplify qualifying for the **Child Care Subsidy Program**, receiving **$265.5 million in next year’s budget** to aid 45,000 children. This move replaces pandemic-era federal funding, making Virginia a pioneer in utilizing state funds to avert the **“child care cliff”**.

It's evident—the **Virginia legislature** is determined to expand child care, facilitating career progress for working families and bolstering the Hampton Roads economy. *With families currently spending 26% of their income on child care, they require immediate support.*

**Child care** has now ascended the agenda, pivotal for family well-being, **overall economic prosperity**, **labor force participation**, and **military readiness**. Virginia legislators are advocating for substantial investments, as **affordable child care** is crucial for allowing parents to thrive and progress in their careers.
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Mark Eisenberg is a financial analyst and writer with over 15 years of experience in the finance industry. A graduate of the Wharton School of the University of Pennsylvania, Mark specializes in investment strategies, market analysis, and personal finance. His work has been featured in prominent publications like The Wall Street Journal, Bloomberg, and Forbes. Mark’s articles are known for their in-depth research, clear presentation, and actionable insights, making them highly valuable to readers seeking reliable financial advice. He stays updated on the latest trends and developments in the financial sector, regularly attending industry conferences and seminars. With a reputation for expertise, authoritativeness, and trustworthiness, Mark Eisenberg continues to contribute high-quality content that helps individuals and businesses make informed financial decisions.​⬤