Connecticut's child-care industry is asking the state for $700 million in new funding in a bid to keep up with rising costs.
The Connecticut Early Childhood Alliance says the $700 million would include $250 million for wage increases, $170 million for health insurance, $200 million for increased access to Care4Kids, $30 million for scholarships and loan forgiveness for early childhood education degrees, and $50 million for construction and renovation of child-care facilities, the Day reports.
Child-care advocates say the industry needs the money because early childhood care is critical to the state's economic recovery.
"It's not just babysitting. It's more than just babysitting," says the president of the Community Foundation of Eastern Connecticut.
"I think more and more about our work as system change philanthropy as opposed to Band-Aid work."
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Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.