How Using Finance Can Change the Child Care Crisis

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community news | September 2020

The tremendous value of quality early care is well known. Yet the early child care system remains inequitable, undersupplied, and underfunded.

That's been driving us nuts for years. After all, quality early child care doesn't just close achievement gaps for kids. It's also critical for building thriving communities and the economic advancement of families.

Last year, our CEO David & COO Shreya dug into innovative finance structures for early care and education. They developed a theory. F inancing real estate for early care providers can reduce one of the primary pain points in the industry. The ensuing stability and cost savings can help more kids get quality care.

We're honored to share that David, along with early care and education advocate Laura Kohn and community finance fellow Essence Rodriguez, will get to explore this as part of the 2020 cohort of the Promising Ventures Fellowship.

If all goes well, we'll start testing this early care and education real estate strategy in San Diego next year. And we can prove that investing in our communities is a great investment.

Stay well and take care of each other,

Lauren Grattan
Co-Founder & Chief Community Officer

In these challenging times, the work of nonprofits is more critical than ever. We're proud to help nonprofits continue serving their communities in our role as a deployment partner of The San Diego County COVID-19 Small Business & Nonprofit Loan Program. Meet the first nonprofits that have received funding from the program:

The loan program is still accepting applications. Please share with small business and nonprofit leaders you know!

Portfolio companies in the news:

With offices closed, La Jollan shifts his company’s strategy to home delivery of food from local farms [La Jolla Light]
The pandemic won’t hinder meal prep for this Oakland youth catering business [SFGate]
Noniko and Verity team up on refillable stainless-steel deo packaging [CosmeticsDesign]

What else we're reading:

Impact investments that advance racial equity solutions [YouTube—San Diego Grantmakers]
Targeted universalism: policy & practice [Othering & Belonging Institute]
How to save restaurants [The New York Times]
How Big Oil misled the public into believing plastic would be recycled [NPR]
Support small businesses in SoCal during the COVID-19 crisis [Accion Serving Southern California]
San Diego's racial equity gap: how we got here [San Diego Workforce Partnership]
San Diego BIPOC history ride [ArcGIS StoryMaps]
Commentary: It’s time for San Diego housing policy changes to distance the city from an undeniable racist past [The San Diego Union-Tribune]
Racism has cost the U.S. $16 trillion, Citigroup finds [CBS News]

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