ReadyNation Holds Report Release in Phoenix

PHOENIX, AZ- Today, ReadyNation Arizona released a new report at Tutor Time Child Care in Phoenix detailing the staggering economic impact of Arizona’s child care crisis. The new report, funded by the Helios Education Foundation, reveals Arizona’s massive economic loss of an estimated $4.7 billion per year caused by the lack of availability of child care for children ages birth to 5.

The lack of available, accessible, affordable child care wreaks havoc on parents’ work lives, with 70 percent of parents surveyed reporting that access to child care presented a challenge. Fortunately, there are solutions, which were discussed at the event.

ReadyNation Arizona members Jenny Holsman-Tetreault, VP and General Counsel for TPI Composites, Inc and Colin Diaz, President and CEO of the Tempe Chamber of Commerce spoke at the event. They were joined by Hillary Olance, Learning Care Group District Manager, and Shawna Barrett, Director of Tutor Time on E. Indian School Road.

“When parents have reliable and affordable child care options, they can pursue careers with confidence, knowing their children are in nurturing and educational environments,” said Colin Diaz. “The results of this research study show just how important child care access is for working parents, employers, and our state’s productivity.”

Jenny Holsman-Tetreault added, “The child care crisis has a magnitude of impact on two generations. Child care allows parents to work, supporting their family’s financial future. But research shows that early childhood education also has lasting benefits to children throughout their academic career and into adulthood.”

Read the full report here.