A report released by the Lincoln Trail Area Development District Monday looks at the potential return-on-investment the area would see with the implementation of a funding model to make childcare more affordable.
“We have over 2,000 parents, mainly females, that want to work but can’t because of childcare,” said LTADD Executive Director Daniel London. “Think of the impact on them personally and professionally, that they want to get involved in the workforce but can’t. We have a chance to help them. That’s huge.”
London was one of several speakers that discussed the impact report during a presentation Monday held at Fischbach USA in Elizabethtown.
Data compiled by consulting firm TPMA estimates that there are 2,035 work-willing parents in the Lincoln Trail District and Hart County that would rejoin the workforce if affordable childcare options existed. The report estimates the wages of those parents would generate between $863,000 and $1.09 million in local tax revenue.
Kentucky 18th District State Representative Samara Heavrin discussed efforts to create more options for affordable childcare, including House Bill 499 which created the Employee Child Care Assistance Partnership, under which the state will match an employer’s childcare benefits. Heavrin said more efforts are being made to make the program more accessible, so employers, local governments, and organizations can work to remove more barriers.
“Educate that this is an issue,” Heavrin said. “Have the conversations. You don’t know it’s an issue until you’re affected by it, most likely. That’s life, right? You don’t know something’s an issue until it comes to you, so educate those around you about this, have the conversations and then have hard conversations. That’s how change is done. We can’t be complacent. We’ve got to keep moving forward, and so have the hard conversations to make it better.”
Following the presentation and a panel discussion with the day’s speakers, a task force consisting of area business, government, education, and community leaders met for their first meeting to discuss issues identified in the study and to identify goals. London said as the area prepares for future expansion, the study presents an opportunity to make a lasting impact.
“We are the only ones in this state at this level of work on this issue,” London said. “You’re part of something special, you’re part of something great, and we can achieve this. We are going to change lives, and a rising tide raises all boats.”
Data from the study estimates that BlueOval SK will employ more than 509 people ages 34 or younger with children ages 5 or younger. The full study can be found on the Lincoln Trail Area Development District’s website.
