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KinderCare Applauds New York's Historic Investments in Child Care

KLC
  • KinderCare applauds New York Governor Kathy Hochul and state legislators for approving a $1.7 billion investment in early childhood education & child care programs.
  • The funding includes $561 million for public prekindergarten to offer Pre-K to all four-year-olds by Fall 2028.
  • $1.2 billion is allocated to expand the Child Care Assistance Program (CCAP), representing a 40% funding increase.
  • $278 million will support NYC's 3-K & 2-K programs to broaden access for families with young children.
  • $66 million is designated to expand child care access in rural counties for children aged 0-3.
  • KinderCare currently operates 35 programs in New York that deliver publicly funded early learning to working families.
  • Recent KinderCare Confidence Index data indicates 75% of working parents know someone who left the workforce due to child care issues, while over 25% have left or considered leaving their own jobs.
  • Tom Wyatt, KinderCare Chairman & CEO, stated the investment strengthens the workforce & supports long-term economic growth.
  • Patrick Murray, KinderCare Vice President of Government Affairs, highlighted the bipartisan priority of affordable child care & praised Governor Hochul's commitment.
  • KinderCare plans to partner with policymakers, including NYC Mayor Zohran Mamdani, to implement these initiatives across the state.
  • KinderCare Learning Companies (NYSE: KLC) operates more than 2,700 centers in 41 states & the District of Columbia.