"A lack of affordable, high-quality child care can prevent parents from advancing in the workforce, hinder children's access to structured learning at an early age, and burden employers with absenteeism and employee turnover," Erin Schneider, managing director of Midwest economic development for Duke Energy, says in a press release.
That's why the utility has teamed up with the Indiana Economic Development Association to offer $115,000 in grants to five organizations in the state to address such issues, the Indianapolis Star reports.
More than 40 state and local government entities, local and regional economic development agencies, and public and private nonprofit organizations responded to Duke Energy and IEDA's request for proposals, collectively requesting more than $1.1 million in funding.
"High-quality child care is an investment we can't afford to ignore," Lee Lewellen, IEDA's chief executive officer, says in the press release.
The five organizations receiving grants are: Carroll County Economic Development Corporation and the Early Learning Alliance for Carroll County: $6,000 The Community Education Coalition and the Indiana University Serve Center: $39,500 Huntington County Economic Development Corporation and the Community Foundation of Huntington County: $30,000 The Community Foundation of Huntington County intends to stand up a Child Care Business Lab, which will serve as a platform for developing and connecting
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