Leaders in Southern Colorado are raising alarms about the severe shortage of affordable childcare in the Pikes Peak region. This issue significantly impacts families and local businesses in the Colorado Springs area.
Current Childcare Landscape in El Paso County
Statistics from the U.S. Department of Labor reveal that the median annual cost for preschool-center based childcare in El Paso County will reach $15,343 by 2024. However, financial barriers are just one aspect of the problem. The availability of childcare slots is critically low, exacerbating the situation.
Child Population vs. Available Childcare Spots
- 54,000 children aged five and under live in El Paso County.
- Only 18,300 childcare spots are currently available.
- This leaves a deficit of 16,000 spots for children needing care.
Liz Denson from Early Connections Learning Centers emphasizes the economic implications of this shortage. She asserts that a significant portion of the workforce cannot participate in the economy due to childcare challenges. This issue may deter new businesses from setting up in the region, further straining the local economy.
Potential Economic Impacts
Bill Craighead, Director of the UCCS Economic Forum, warns that failing to address childcare accessibility could push young families away from Colorado Springs. He explains that if the workforce cannot find adequate childcare, employers may reconsider their options. They might expand in other cities where employees have better access to childcare services.
Future Demand for Childcare
Craighead projects that the demand for childcare in the Pikes Peak region will likely increase over the next 15 years. This trend is attributed to a rising population of young families in their early 30s, underscoring the urgency of finding effective solutions to the childcare crisis.
In conclusion, the shortage of affordable childcare represents a significant challenge for the Pikes Peak region. Addressing this issue is essential for supporting families and fostering a thriving local economy.
