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Keeps Florida working, companies thriving

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Strengthens the future work force through stability and education ' ... State Tax Benefits: Corporate Income Tax (CIT) or Insurance Premium Tax (IPT) Tax Credits ... – PowerPoint PPT presentation

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Title: Keeps Florida working, companies thriving


1
  • Keeps Florida working, companies thriving
  • and children learning.

2
What is the Child Care Executive Partnership?
  • The CCEP is a public/private partnership that
    matches funding for child care costs to
  • Help businesses hire and maintain effective and
    reliable employees
  • Build a stronger and dependable work force
  • Help children enter school ready to learn
  • Empower families to work and contribute directly
    to economic stability
  • Pave the opportunity for children to learn during
    critical development stages of life
  • Cultivate Floridas future work force by reducing
    the need for social service programs as children
    grow

3
The CCEP matches funding for child care costs
  • Funded by federal and state sources
  • Dollars are matched with
  • Businesses
  • Local governments
  • Charitable foundations
  • Employed parents contribute to their child care
    costs based on a sliding fee scale
  • Funds are managed by early learning coalitions

4
Why is child care important to your business?
  • Creating a compassionate work environment for
    employees improves performance, better assists
    customers and clients, and improves communities.
  • Employees and associates display increased
    productivity for customers and clients when they
    are able to balance the many competing demands in
    their lives.

5
Why involve the private sector?
  • Because quality child care
  • Prepares children for future school success and
    creates a foundation for learning
  • Strengthens the future work force through
    stability and education
  • For every dollar invested in quality care for
    children, more than 7 is realized by society.
    High/Scope Perry Preschool Project

6
Why should your business participate?
  • Participating in the CCEP program will help
  • your business improve its bottom-line
  • When working parents feel confident that their
    child
  • is receiving optimal care, the businesses they
    work
  • for experience
  • Less absenteeism and turnover
  • Increased productivity
  • Improved work quality
  • Better employee morale

7
Why should your business participate?
  • There are tax benefits.
  • Federal Tax Benefits
  • Business Expense Deductions
  • Charitable Contribution Deductions
  • Dependent Care Assistance Plans (DCAPs)
  • State Tax Benefits
  • Corporate Income Tax (CIT) or Insurance Premium
    Tax (IPT) Tax Credits
  • Start-up costs for child care facilities
  • Operation of a child care facility
  • Payments to a child care facility on behalf of
    employees

8
Why should your business participate in the CCEP?
  • To develop a positive public image in your
    community.
  • As a CCEP participant, you will
  • Improve the lives of your communitys children by
    ensuring they are safe
  • Show community leaders and working parents that
    you are a company that cares by helping
    employees balance the challenges of caring for
    family and managing a career
  • Serve as a leader who wants to remedy the
    challenges facing your communitys business
    economy
  • Prove that investing in employee child care leads
    to economic success

9
What CCEP participants have said in the past
  • More than half say that by offering the CCEP
    program as a work-life benefit for employees,
    employee recruitment increased.
  • Sixty-one percent of employees say they are more
    loyal to their employer as a result of being
    offered the CCEP program, while 68 percent say
    their morale at work has improved.
  • Fifty percent say employee tardiness has reduced
    and 56 percent experience less absenteeism and
    better work attendance.

10
Continued
  • More than sixty percent reported an increase in
    employee productivity.
  • Seventy percent of businesses agreed that
    participating in the program improved their
    corporate and community image.
  • Ninety-four percent of participants would
    recommend the CCEP program to another company or
    organization.

11
How will your community know that you have joined
the CCEP?
  • Staff will find opportunities through earned
  • media
  • Press releases
  • Speaking opportunities
  • Business trend stories
  • Education stories
  • Local columns

12
How can your business participate?
  • In two ways
  • 1) Employee Benefit - Private businesses and
    government entities participate in the CCEP
    program to provide child care financial
    assistance for their eligible employees.
  • 2) Purchasing Pool - Funds that are used to serve
    all eligible children according to the local
    coalitions service priorities. Funds can be
    contributed by both private and public sources.

13
How does the CCEP work?
  • Early learning coalitions work with their local
    business leaders to attract CCEP partners.
  • Coalitions help businesses and their employees
    understand the benefits of the program.

14
How does the funding work?
  • Employers designate child care financial
    assistance contributions for employees or
    charitable child care financial assistance
    contributions are made to purchasing pools.
  • Parents and coalitions process child care
    financial assistance.

15
Next steps for business owners
  • Talk with employees. Conduct a needs assessment
    survey.
  • Are my employees eligible?
  • Your employees might already be receiving
    subsidized child care.
  • Why would I want to offer to pay for my employees
    child care if they are already receiving it for
    free?
  • Because parents who earn 200 below the poverty
    line qualify for the program. Under the current
    system, only parents who earn 150 or below the
    poverty line qualify for subsidized programs.
  • When changes occur to their income levels--even
    small ones--funding to help these parents fall
    short and their child care becomes unreliable,
    affecting your business.

16
Next steps for parents
  • Determine eligibility. Employed parents must be
    at or below 200 poverty level.
  • A family of four may earn as much as 40,000 a
    year and qualify for the program.
  • Contact your local early learning coalition for a
    list of quality providers and find out about the
    current reimbursement rate and process.

17
FOR MORE INFORMATION
  • Contact you local early learning coalition or
  • Child Care Executive Partnership
  • Natalie K. Sellars
  • 107 E. Madison Street
  • Suite 100, MSC140
  • Tallahassee, FL 32399-4143
  • 850-921-3180
  • www.ccep.bz
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