Join us for an eye-opening free online event where we delve into the world of child care in Rapid City! Discover the truth about why child care is both too expensive and not expensive enough. During this webinar we will share findings on a study authored by our friends the Low Income Investment Fund informed by real, local data. Don’t miss out on this informative session that will leave you with a fresh perspective on the financial aspects of child care in our city!
About the Report
In this report, we’ve gathered data from local child care providers and South Dakota’s 2022 Child Care Market Rate and Cost of Care reports. Together, they paint a picture of what’s happening in our local child care economy. The Market Rate report gives us a peek into how much families are currently paying for child care, while the Cost of Care study reveals the real expenses that providers shoulder. By examining both these aspects side by side, we can dig into whether what providers charge families matches up with the actual costs of running their programs.
About the Low Income Investment Fund
The Low Income Investment Fund (LIIF) is a national nonprofit community development financial institution with $900 million in assets under management. LIIF’s mission is to mobilize capital and partners to achieve opportunity, equity, and well-being for people and communities. Since 1984, LIIF has deployed more than $3.2 billion to serve more than 2.4 million people in communities across the country from its five offices. An S&P-rated organization, LIIF innovates financial solutions that create more equitable outcomes for all by building affordable homes, quality education opportunity from early childhood
through higher education, health clinics, healthy food retail and community facilities.