The bipartisan Coronavirus Aid, Relief, and Economic Security (CARES) Act—which became law on March 27—is the third stimulus package in a series of bills designed to mitigate the harm of our current economic and public health crisis. Child care providers—who are predominantly women, disproportionately women of color, and already underpaid—are feeling the strain acutely as they scramble to serve children of essential workers, remain viable through closures, and support their staff and families. Read more on clasp.org.
As part of the relief provided to America’s families, small businesses, and major industries as they struggle with the effects of the COVID-19 crisis, federal stimulus efforts thus far have recognized the unique position of child care and has included assistance to young children, their families, and the child care providers who care for them. See an overview of what’s included in the CARES Act.
Two loan programs are available for small businesses through the CARES Act that can offer some assistance to child care providers (family child care homes and centers). Both of these programs are operated by the Small Business Administration (SBA). Learn more about each loan program as well as information on unemployment compensation.
