At the Cincinnati Regional Chamber, the importance of access to affordable and quality childcare is emphasized as crucial not only for working families but also for the overall economy. Childcare is considered a key component of workforce development, enhancing participation, talent retention, and regional growth.
Businesses in the region are experiencing challenges in filling open positions while families encounter barriers to joining or remaining in the workforce. The cost and availability of childcare present significant obstacles. Research from the U.S. and Ohio Chambers of Commerce indicates that Ohio loses $5.48 billion annually due to childcare-related disruptions, including $1.5 billion in lost tax revenue.
Parents are eager to work, with 60% of Ohio mothers expressing willingness to return or increase their hours if affordable childcare were accessible.
The economic challenges extend to those providing childcare services as well. Many professionals earn less than $15 an hour, contributing to a high turnover rate of 30%, which complicates staff retention and service provision.
State Representative Dani Isaacsohn highlighted at the Chamber’s Regional Government Day that "there's a misconception that this is a personal challenge for families," emphasizing that "childcare isn’t a luxury—it’s a requirement for a functioning workforce."
Initiatives like 4C for Children are actively supporting childcare infrastructure by connecting families with licensed providers and offering financial assistance at no cost.
The Cincinnati Regional Chamber continues its collaboration with partners such as Ohio Metro Chambers Coalition, 4C for Children, Department of Children and Youth, and Groundwork Ohio. They aim to expand successful initiatives and address existing issues in order to build a system where both families and businesses can thrive together.
Stay informed about developments around Cincinnati through updates from the Cincinnati Regional Chamber.
The Cincinnati Regional Chamber is committed to fostering economic prosperity in the region by promoting business growth, population expansion, and cultural vibrancy.