Starting a business and starting a family at the same time is no easy feat. Just ask Chanceé Lundy, a new mom who is also co-owner of Nspiregreen LLC in Washington, D.C.
“The cost of child care can be incredibly burdensome for small businesses, especially in large cities,” Chanceé said. “Since I had a child, I’ve had to be very disciplined in juggling my time–particularly because child care facilities where I live are very expensive and typically have a waiting list of one year or more. This can be crippling to a new business owner who did not foresee these issues.”
Unfortunately, too many aspiring small business owners struggle to access affordable child care. After all, child care costs an average of $9,500 per year, which is slightly more than a year of college tuition at the in-state rate.