Rural Child Care Innovation Program Fact Sheet

child careDid You Know?

(Based on information obtained from data collection from First Children’s Finance)

Local Statistics:

  • A gap analysis has revealed that Martin County has a shortage of approximately 172 licensed full-time childcare slots
  • Fairmont has a shortage of 72 licensed child care slots

MN & National Statistics:

  • In 2017, Minnesota experienced a net loss of 537 (6.2%) family child care programs
  • 87% of Minnesotans ages 20-44 are in the workforce in the past 12 months
  • Minnesota childcare has an industry revenue of $883.2 million, with $900 million impacting local economies
  • Childcare providers in MN have been in business an average of 12 years and most work alone (9% employ an assistant)

Employment-related Statistics:

  • Child care related issues represent 45% of employee absenteeism, which places a financial/operational burden on employers & a financial burden on families
  • 65% of parents’ work schedules are affected by child care challenges
  • Financial viability of child care businesses is often challenged by many factors
  • In total, it’s estimated that businesses lose $3 billion annually because of child care issues
  • Early childhood development is crucial, 90% of brain development happens within the first 5 years of life
  • Childcare shortages are everywhere…this is a national issue that needs to be addressed on a local level

Due to these challenges, a Core Team from Fairmont has come together to develop solutions!