CNBC.com
With the passage of the American Rescue Plan Act on Wednesday, American families and child-care providers can look forward to a roughly $40 billion infusion for an industry rocked with closures and dramatically increased operating costs amid the pandemic.
“This critical funding will save thousands of providers from permanent closure and help families across the country afford child care,” Lynette Fraga, CEO of Child Care Aware of America, said in a statement Wednesday. “This is a monumental occasion and a historic investment in child care.”
