Early Childhood Financial Resiliency Accelerator Program
In 2021, the Arlington Chamber of Commerce launched our Early Childhood Financial Resiliency Accelerator program in partnership with 20 Degrees. This program focuses on teaching child care providers the business and financial skills necessary to maintain and grow their businesses.
The program aims to support County goals of meeting the critical need for child care in Arlington. According to a study done by Arlington County in 2017, there were enough child care slots to serve less than half of Arlington’s children under the age of five. Since Arlington County began its Child Care Initiative in 2019, child care availability has still fallen well short of demand.
Program participants received cohort-based training and individual coaching sessions with customized action plans. The training covered topics including marketing, scenario planning, budgeting and cash flow management, and workplace wellness. By prioritizing community building within the cohort, providers gained a supportive network with their cohort members. Providers who completed the program also received a stipend for participating.
The Early Childhood Financial Resiliency Accelerator was initially launched in 2020 in Montgomery County, Maryland by 20 Degrees and the Arlington Cohort that took place in November 2021 was the first in Virginia. The program’s first Arlington cohort was available at no cost to the participants thanks to support from Presenting Sponsor Amazon as well as the PNC Foundation.
The program aims to support County goals of meeting the critical need for child care in Arlington. According to a study done by Arlington County in 2017, there were enough child care slots to serve less than half of Arlington’s children under the age of five. Since Arlington County began its Child Care Initiative in 2019, child care availability has still fallen well short of demand.
Program participants received cohort-based training and individual coaching sessions with customized action plans. The training covered topics including marketing, scenario planning, budgeting and cash flow management, and workplace wellness. By prioritizing community building within the cohort, providers gained a supportive network with their cohort members. Providers who completed the program also received a stipend for participating.
The Early Childhood Financial Resiliency Accelerator was initially launched in 2020 in Montgomery County, Maryland by 20 Degrees and the Arlington Cohort that took place in November 2021 was the first in Virginia. The program’s first Arlington cohort was available at no cost to the participants thanks to support from Presenting Sponsor Amazon as well as the PNC Foundation.
For more information or questions about the program, contact chamber@arlingtonchamber.org or (703) 525-2400.
